Real estate manager Adelante Capital Management’s Adelante Shares subsidiary and XShares Advisors introduced seven equal-weighted REIT ETFs.
AIG will trim 600 positions as one of its subsidiaries merges with 21st Century Insurance Group.
The Vanguard Group today filed for a new series of mutual funds designed to provide monthly payments to retirees.
Hedge funds are about to see billions wiped out as investors take their money and run, the Financial Times reported.
Two of the world’s largest insurance-and-financial-services trade organizations have announced plans to merge.
The PowerShares International Listed Private Equity Portfolio has generated quite a lot of buzz.
Total assets of the 546 ETFs listed in the U.S. rose 3.7% to $507.11 billion in August.
New York Life International, the overseas arm of New York Life Insurance Co., has hired Richard L. Mucci as its chairman and chief executive.
Two leaders in the asset management world will head efforts to define best practices for hedge funds.
Assets in Asia-based mutual funds—excluding those based in Japan—hit a high of $652 billion in 2006, according to a report from Boston-based Cerulli Associates.
The Vanguard Group yesterday filed with the Securities and Exchange Commission to offer three index funds.
The hedge fund industry has joined with Habitat for Humanity of New York to raise money and help working families achieve home ownership.
Jackson National Life Insurance Co. today released Jackson AscenderPlus Select, a new fixed index annuity.
Morgan Stanley is in talks to purchase a 20% stake in Traxis Partners LP, a hedge fund founded by the company's former chief strategist, Barton Biggs.
Goldman Sachs Group Inc. and Kohlberg Kravis Roberts & Co. have backed out of their $8 billion buyout of audio equipment maker Harman International Industries Inc. of Washington.
Three hedge funds are set to pounce on Northern Rock, the British mortgage lender.
Combined net assets for variable annuities hit $1.5 trillion during the second quarter, according to a report from NAVA.
Envestnet Asset Management Inc. is bringing the PMC brand name back and giving the unit its own sales force.
