New York Life Insurance elected Patricia L. Barbari has to senior vice president in the Individual Policy Services department.
The now-defunct hedge fund claims that JPMorgan Chase & Co. hindered its efforts to avoid collapse.
And the index has increased 12.75% year-to-date, marking the best performance for the first ten months of the year since 2003.
The Chicago-based private-equity and hedge fund firm posted a net loss of $37.6 million, or 52 cents a share.
Using a fixed-income annuity in a retirement income account resulted in greater long-term wealth, according to a study.
Competition and demand for the best asset managers are fueling a growth in subadvised funds, which are gathering assets faster than those managed internally.
Timothy Sykes, the boy wonder investor, who turned $12,415 in bar mitzvah money into $1.65 million by trading stocks, started and folded his own hedge fund. Then he wrote a book about his experiences. Now he is embarking on a new venture.
Although Fidelity Investments and Janus Capital Group Inc. recently designated multiple managers for specific portfolios, neither firm is abandoning their individual-portfolio-manager system.
As more products that aim to deliver regular payouts in retirement hit the market, many advisers are taking a wait-and-see approach before recommending them to their clients.
Many mutual fund trustees would like to repeal the Securities and Exchange Commission's 12(b)-1 regulation that allows mutual funds to use fund assets to pay for marketing, a Washington lawyer who represents mutual funds reports.
German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
Global REIT market capitalization was $764 billion as of June 30, up about 25% from the year before, according to a report by Ernst & Young.
Board members and fund executives polled are now spending more than 50 hours per quarter managing board responsibilities.
Affiliated Managers Group today announced that it had purchased a stake in ValueAct Capital Partners.
American International Group Inc.'s third quarter net income dropped to $3.09 billion or $1.19 per share.
ProShare Advisors launched two short exchange traded funds that are designed to generate inverse performance compared to the markets in China and Japan.
Elizabeth A. Ward will handle all elements of strategic risk management and have oversight across MassMutual’s companies.
The funds include an international style-consistent growth fund and an asset allocation fund.
Rydex Investments has launched six ExpressShares exchange traded funds on the American Stock Exchange today, bringing the size of its ETF family to 30.
Fireman’s Fund, a member of Allianz Group, has launched the first green homeowners’ insurance policy upgrade.
