NovaStar, the troubled residential lender, will give up its status as a real estate investment trust.
The regulator is probing for relationships between managers, employees, family members and public companies.
Agustin “Gus” J. Fleites is now the president of IndexIQ Advisors, a new asset management subsidiary of IndexIQ.
Marsh & McLennan Cos. stock slipped after Brian M. Storms stepped down as CEO of Marsh Inc. on Friday.
Recent recalls of Chinese products, including poisonous pet food and toys coated in lead paint, are having little effect on red-hot Chinese stocks.
Insurance regulators are joining the attack on investment fraud that targets older Americans.
Despite a downturn in private-equity returns, two new exchange traded funds providing investors access to that space may soon be launched. The proposed ETFs — one from PowerShares Capital Management LLC of Wheaton, Ill., and the other from Barclays Global Investors of San Francisco — would join what is the only private-equity ETF in existence: the PowerShares Listed Private Equity Fund.
U.S. ETF assets rose 13% in August, with inflows of $22.2 billion, according to a report by State Street Global Markets.
High-flying hedgies like to show off their good taste — and extreme wealth — by investing in art.
Craig A. Merdian has joined New York Life International as executive vice president and CFO.
With a recently passed law, the Department of Defense has declared war on bogus financial advisers.
Goldman Sachs flagship hedge fund lost more than 20% of its value in August, its largest monthly fall.
On average, the securities in the SPDR Lehman Municipal Bond ETF index have a credit quality of AA1/AAA.
Unprofitable investments in debt and emerging markets have devoured the value of Old Lane, Bloomberg said.
Individual annuity sales increased 6% in the second quarter to a record of $66.5 billion over the same period in 2006.
Richard M. Reilly, Michael Gilotti and Mathew Greenwald were honored and six new board members were added.
American Realty Capital Trust, under chief executive Nicholas Schorsch, plans to sell up to 150 million common shares, raising as much as $1.5 billion.
Turmoil in the credit markets will take a big bite out of hedge fund managers' bonuses this year, according to a report.
The addition of the 26 funds is the result of the recent Bank of America acquisition of U.S. Trust Corp.
Seniors may want to sell their homes and move in with relatives as a way to reduce overhead expenses.
