Supporters of simplified disclosures for variable annuities may get a boost from a proposal that state insurance regulators will soon consider.
Net assets in variable annuities have also risen, reaching $1.39 trillion, compared to $1.38 trillion in the first quarter of 2007.
In a move to bolster its battered image, long-suffering Putnam Investments last week said that it is hiring industry veteran and former Fidelity Investments executive Robert L. Reynolds as its president and chief executive, effective July 1.
Two former hedge fund managers at the soon-to-be-defunct Bear Stearns may soon be indicted.
The debate about high mutual fund commissions and conflicts at the point of sale should be put to bed because sales of funds with high upfront commissions are a small part of overall sales, according to a recently released report.
First-quarter earnings hit $1.07 billion, the second highest level ever, a gain of $993.3 million from a year ago.
Managers of target date funds have increased their allocations to equities, on average, but some of the funds' specific investment strategies are difficult to discern, a new study from Financial Research Corp. has found.
Two-thirds of asset managers surveyed are planning to develop blended alternative investments or products.
American International Group could hold an emergency meeting this weekend to discuss the future of chief executive Martin J. Sullivan, CNBC reported Friday.
A former SAC Capital Advisors LLC trader accused of workplace harassment is looking to raise $500 million for his own hedge fund.
Total assets at the end of the month were $612 billion, according to State Street Global Advisors.
Ex-hedge fund manager Samuel Israel III disappeared Monday, hours before he was to begin serving a 20-year sentence.
The data from RealtyTrac also showed a 48% increase in foreclosures year over year.
Eliot L. Spitzer, former scourge of Wall Street, is thinking of starting a vulture fund, according to published reports.
Select Sector ETFs aim to offer magnified and inverse exposure to indexes in the energy, financial, technology and health-care sectors.
Police are investigating the disappearance and possible suicide of Samuel Israel III, CEO of defunct hedge fund Bayou.
Massachusetts Mutual Life Insurance has picked Bradley J. Lucido as its chief compliance officer.
Fitch Ratings Inc. downgraded eight publicly traded homebuilders but affirmed ratings on five others.
A proposed Office of Insurance Information would just be the first step toward creating a federal insurance regulator.
Some 25 million U.S. adults with health insurance in 2007 faced financial stress due to insufficient coverage.
