New York Life will launch a series of five target-date funds called the MainStay Retirement Funds.
An adviser to the Dutch high court said ABN Amro can sell LaSalle without shareholder approval.
New York Life Insurance Co. said on today that its COO, Theodore Mathas, would add president to his title as of July 1.
John Hancock will pay $21.2 million to settle an investigation of the firm's failure to disclose revenue sharing schemes.
AXA Equitable Life Insurance Co. has named Kenneth T. Kozlowski vice president of its Funds Management group.
Claymore Securities today announced the launch of Claymore/KLD Sudan Free Large-Cap Core ETF on the /MEX.
A London hedge fund manager will go public by merging with New York's Freedom Acquisition Holdings.
Amaranth Advisors used a loophole to cloud the extend of its massive gas holdings, according to a Senate report.
PowerShares today launched four exchange traded funds based on the FTSE RAFI indexes.
Bank of America said it lost about $450 million from the bankruptcy of Parmalat after relying on "fraudulent misrepresentations" made by the Italian dairy company.
Two powerful bank trade groups today announced plans for a merger.
The SEC is looking at possible problems involving revenue sharing payments made by funds of funds.
More mutual fund companies soon will offer individual investors access to a strategy that is popular among institutional investors who are trying to outperform a benchmark.
Bank sales of variable annuities that invest in mutual funds continue to grow but are outpaced consistently by those of mutual funds. That’s a function of periodic adverse publicity combined with compliance hassles, observers say.
The ever-increasing focus on social and environmental causes is attracting a segment of the hedge fund industry to a movement that is considered by some to be the ultimate test of socially conscious investing.
PHILADELPHIA — A mutual fund company is taking a chance on the burgeoning market of infrastructure investments.
WASHINGTON — Disclosures of 12(b)-1 fees should be made clearer and easier to decipher, but the fees themselves should not be abolished, officials from the mutual fund and brokerage industries said at a Securities and Exchange Commission round table last week.
Bear Stearns will chip in up to $3.2 billion to help one of its struggling hedge funds
State Street Global Advisors said that its SPDR Standard & Poor's BRIC 40 ETF will begin trading on the American Stock Exchange today.
Hedge fund Ritchie Capital has filed for bankruptcy for two of its life insurance units that lost $700 million in policies.
