Former AIG chairman and chief executive Maurice Greenberg and other former executives at the insurer will have to cough up $115 million as part of a settlement in a derivatives lawsuit with the Teachers’ Retirement System of Louisiana.
The Financial Planning Association and the National Association for Fixed Annuities have leapt into the fray, submitting comments on the SEC’s proposed index annuity rule.
Efficient Market Advisors LLC of Del Mar, Calif., announced today the launch of the first 403(b) retirement program offering professionally managed portfolios of exchange traded funds.
Another independent-contractor broker-dealer is being sold — and this time an insurance company is pulling the trigger on the deal.
Manulife Financial Corp. of Toronto has named Donald A. Guloien to succeed Dominic D’Alessandro as president and chief executive officer.
Median prices of single family homes rose 0.9% in July from June, but they’re still down year-over-year by 11.4%, according to the July Home Price Index report released today by Denver-based Integrated Asset Services LLC.
The appeal of alternative-investment strategies is becoming increasing apparent to traditional money management firms trying to capture a piece of that market, according to the latest research from Cerulli Associates Inc. in Boston.
The Phoenix Cos. Inc. of Hartford, Conn., today launched its suite of living-benefit riders, with two new additions.
The asset management arm of JPMorgan Chase & Co. held the top spot in a ranking of assets managed by hedge funds, with $48.1 billion as of July 1.
Declining variable annuity sales will likely lead to enhancements to and new uses for VAs as carriers look for additional ways to appeal to high-net-worth investors.
Grail Advisors LLC of San Francisco intends to enter the defined contribution market by offering actively managed, transparent equity exchange traded funds, said William Thomas, chief executive of the firm.
Advisers are selling more insurance, particularly long term care insurance, according to the InvestmentNews 2008 Insurance Product Survey, which polled 445 financial advisers.
When you trade exchange traded funds, you can choose from two primary types of entries, depending on the chart pattern of the actual trade setup.
They may be gaining in popularity, but exchange traded funds are far from the perfect product.
The proliferation of mutual funds that rely on computers to select stocks is coming to an end.
Even as it labors to gain visibility, Natixis Global Asset Management LP is forging ahead with plans to make acquisitions, particularly of firms that offer alternative investments.
As the comment period ends this Wednesday on an SEC proposed rule that would regulate certain index annuities as securities, independent distributors are gearing up in anticipation of the rule's enactment.
Raymond James & Associates Inc. analyst Paul Puryear downgraded homebuilder Toll Brothers Inc. to market perform from outperform today.
Fifth Third Asset Management Inc. is selling off all its municipal bond funds to Federated Investors Inc., according to the website fundaction.com.
