Investing

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MUTUAL FUNDS JUL 28, 2008
Advisers consider funds with managed futures access

There aren't many mutual funds that give investors access to managed futures, but the dearth of options isn't stopping some financial advisers from considering them.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JUL 28, 2008
Allianz taps new CFO

Allianz Life Insurance Company of North America of Minneapolis today named Giulio Terzariol chief financial officer.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JUL 25, 2008
United Healthcare hit with hefty fine

The insurance company will pay $786,655.87 as part of a settlement with the North Carolina insurance department.

By Bloomberg
FIXED INCOME JUL 25, 2008
Gov't bond issuance to jump more than 50%

Net new issuance of Treasury coupon securities is projected to hit $82.5 billion in the third quarter.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JUL 25, 2008
Long term care issues addressed at hearing

Consumer protections and state partnership arrangements with insurance companies were among the topics.

By Bloomberg
ALTERNATIVES JUL 25, 2008
Foreclosures up 121% in second quarter

One in every 171 households received a foreclosure notice in the quarter, according to RealtyTrac.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JUL 24, 2008
Insurer fined $20M for lax practices

HealthMarkets Inc. faces up to $10 million in additional penalties if it doesn’t meet disclosure and oversight standards.

By Bloomberg
EMERGING MARKETS JUL 23, 2008
Global institutional investors take heart

Confidence among global institutional investors rose this month, but was weak on the home front, according to a survey.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JUL 23, 2008
NYLI launches five-year fixed annuity

The Select 5 fixed-interest annuity is a single-premium product that is guaranteed for five years.

By Bloomberg
ETFS JUL 22, 2008
State Street spins new SPDRs

The 10 international-sector SPDR ETFs are use as benchmarks a series of the S&P World ex-U.S. broad market indexes.

By Bloomberg
MUTUAL FUNDS JUL 21, 2008
Emerging markets a source of stomachaches for advisers

By Bloomberg
ETFS JUL 21, 2008
New website offers model ETF portfolios

Mr. Weisbrod, president of Weisbrod Financial Services Inc. and Staar Financial Advisors Inc. of Pittsburgh, is launching sfamoney .com next month as part of an effort to provide advisers and retail investors with model ETF portfolios, commentaries and various other planning tools.

By Bloomberg
MUTUAL FUNDS JUL 21, 2008
Fund industry lobs proxy counterpunch

Stung by media and union criticism that their proxy votes are in the pockets of corporate management, the mutual fund industry is fighting back.

By Bloomberg
ALTERNATIVES JUL 21, 2008
Advisers blast hedge funds for poor communications

Although financial advisers are the key drivers in the generation of hedge fund sales, it appears the hedge fund industry and advisers aren't connecting as well as they might, according to a new study.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JUL 21, 2008
Settlement reached in ‘living trust mill’ suit

American Equity Investment Life Insurance has settled a class action for $16.4 million over abusive annuity sales.

By Bloomberg
FIXED INCOME JUL 18, 2008
MSRB to improve transparency

The board took action to improve transparency in the municipal bond market during its three-day meeting.

By Bloomberg
ALTERNATIVES JUL 18, 2008
Bayou creditors sue Goldman Sachs for $20M

The ex-Stamford, Conn.-based hedge fund managed by Samuel Israel defrauded investors out of $300 million.

By Bloomberg
MUTUAL FUNDS JUL 18, 2008
Pioneer opens two funds countrywide

The funds employ long-term capital growth strategies by investing primarily in equity securities of U.S. issuers.

By Bloomberg
ALTERNATIVES JUL 18, 2008
Hedge fund allocations in decline

The $12.5 billion allocated to hedge funds during the quarter marked the lowest level of new capital since 2005.

By Bloomberg
ALTERNATIVES JUL 17, 2008
New York boosts housing starts, permits

Housing starts rose 9.1% to 1,066,000 units in June from May, but down 26.9% from a year ago.

By Bloomberg