More insurers are offering riders that include long-term-care coverage in life insurance policies.
Wachovia Corp.’s planned $6.8 billion purchase of A.G. Edwards Inc. could make an already competitive sales game even tougher for U.S. mutual fund firms, some analysts said.
WASHINGTON — The Senate Finance Committee has taken the unusual step of asking for public comment on a legislative proposal for a bill that would require brokers and mutual funds to report the cost bases of their customers’ securities transactions.
BOSTON — Thanks to a banner year on Wall Street, the 2006 bonus increase for employees at The Vanguard Group Inc. could be the biggest in more than a decade.
PHILADELPHIA — In a further sign of how exchange traded products are chasing more exotic strategies, Barclays Bank PLC of London has unveiled an exchange traded note that provides investors with exposure to a covered-call-writing strategy.
PHILADELPHIA — With help from Barclays Global Investors, a California 401(k) record keeper has created a new platform intended to break the mutual fund stranglehold on the 401(k) market.
Two hedge funds have sent a second letter to TD Ameritrade, challenging the company’s refusal to merge.
One of AIG's subprime units settled with the Office of Thrift Supervision over inappropriate loans to some borrowers and excessive fees.
The Hedge Fund Research composite index increased 2.43% in May and is up 7.19% on the year.
Two hedge funds are pressuring TD Ameritrade to sell out to E*TRADE or Schwab, according to press reports.
Prudential Financial today announced that it would close its equity research and trading business, with a loss of some 420 jobs.
A New York-based hedge fund has raised $2 billion and may launch an activist assault on the “King of Beers," according to a New York Post report.
Hennion & Walsh today introduced three fund-of-ETFs mutual funds based on indexes created by Lipper Inc.
American Funds' offerings led the international category in the first quarter, says Cerulli Associates.
MetLife Inc.'s Investors Group has promoted Elizabeth M. Forget to senior vice president, the insurer said today.
WisdomTree Investments today announced the launch a new dividend-weighted exchange traded fund that invests in international real estate.
Mutual funds continue to support the lion's share management-backed proposals that determine how top executives are paid, according to a new report.
Highbridge Capital Management has hired former Goldman Sachs investment banking co-head Scott Kapnick top launch a new private equity business.
Great-West Life bought Boston-based Putnam Investments to obtain "instant recognition" in the U.S. market.
The fear of mergers-and-acquisition agreements’ going sour increasingly is being eased by insurance, according to industry experts.
