PHILADELPHIA — After years of looking after the back-office needs of its mutual fund and exchange traded fund clients, ALPS Fund Services Inc. is itself getting into the advisory business.
CHICAGO — While income annuities are the most cost-effective way to provide income at retirement, investors are reluctant to purchase them, according to a new study.
IRVINE, Calif. — Market turmoil could create some pretty unhappy closed-end-fund investors and put a damper on the closed-end-fund-underwriting business. At the same time, professional closed-end-fund investors said that they are still buying their favorite issues, which now trade near historically large discounts to net asset value.
Bond fund manager Bill Gross said the subprime-mortgage crisis merits a swift federal response.
Blackstone Group claims its yearly tax tab would increase by $525 million under legislation proposed in the Senate.
The founder and managing director of Pacific Investment Management Co. is buying debt of investment banks.
Goldman Sachs's Global Equity Opportunities hedge fund gained 12% last week after the firm injected it with $3 billion in cash.
Two insurance associations want the NGA to support legislation creating an optional federal charter for insurance regulation.
GLG's European Long-Short, with more than $2 billion in assets, lost 4.4% in value during the first 10 days Of August.
Raising taxes on private equity managers probably won’t generate a whole lot of money, according to a new study.
Claymore has launched three ETFs based on Morningstar Super Sector Indexes on the New York Stock Exchange.
FBR took a $57 million loss after selling $4.95 billion in agency mortgage-backed securities.
Angelo Haligiannis was arrested in Greece and then freed pending an extradition hearing next week.
The variable annuity has a withdrawal base that will grow at least 7% annually during its first 10 years.
The Securities and Exchange Commission has begun its voluntary electronic filing program for mutual funds.
Equity markets pulled back during June, but hedge funds still posted positive returns, according to the Lipper Hedge Funds Insight report.
The lack of a benchmark is impeding the growth of target-date funds, according to The Vanguard Group.
Total assets under management globally in ETFs are expected to top $2 trillion by 2011, up from $669 billion as of June 30, according to a report by Morgan Stanley.
Chimera Investment Corp., a newly formed specialty finance company that will invest in mortgages, filed to raise up to $250 million through an initial public offering.
Michael S. Flanagan has been named managing director within the Aon Technology Group, which is part of Aon Risk Services.
