Investors can bet on the price of oil going up or down or hedge other investments with the securities.
Former chief executive Martin Sullivan's package includes equity and cash awards valued around $28 million.
The company completed the reorganization of $2.2 billion in assets of 26 Nationwide Funds into newly created Aberdeen Funds.
Second-quarter volume of long-term muni bonds totaled $226.3 billion, a 1.3% drop from the same period last year.
The Baltimore-based firm will contribute $240 million to bail out three money market funds of one of its subsidiaries.
Hedge fund investors now have the ability to insure themselves against fraud or even the allegation of fraud.
Hedge fund performance replication has come to the mutual fund industry in the form of the IQ Alpha Hedge Strategy Fund.
Analysts concerned about Security Benefit Life Insurance Co.'s investments in subprime-mortgage-backed securities have cut the firm's financial ratings and are keeping a careful eye on the Topeka, Kan., carrier.
Bank holding company income from mutual funds and annuities rose more than 27% to $5.92 billion in the first quarter.
The model aims to create an industry standard to streamline the process of selling VA contracts and simplify compliance.
Ted Mathas' promotion makes him the New York-based company’s 18th CEO in its 163-year history.
Hypothetical returns utilized by a host of new exchange traded funds are reigniting a debate about the use of back-tested performance data.
"The cushion provided by well-covered dividend yields has taken on increased importance," a JPMorgan analyst wrote.
The combined total launches last year of exchange traded funds, variable annuities and closed-end funds surpassed open-end mutual fund launches for the first time, according to Boston-based research firm Cerulli Associates Inc.
Faced with an increasingly global market in which the United States plays a diminished role, asset management companies must rethink how they approach investing.
LMP Corporate Loan Fund Inc., a closed-end fund from Legg Mason Inc., today announced plans to “restructure” the fund’s leverage and add liquidity.
Fred Alger Management Inc. of New York is consolidating all of the open-end mutual funds under the Alger brand.
Boomers, already strapped for cash, stand to lose even more money by caring for their parents, according to Fidelity Investments in Boston.
Oil prices shot up again today on comments by the president of OPEC that they could rise to $170 a barrel and fears of a production slowdown by Libya.
Two top stock-pickers are steering clear of financial service company stocks.
