OppenheimerFunds Inc. has lost its head of distribution just five months after he joined the firm.
When Rodger Lawson officially steps down as president of Fidelity Investments at the end of March, some industry experts predict the company may not act to fill the position immediately.
</i>Below is a copy of the letter Fidelity president Rodger Lawson sent to employees yesterday announcing that he will retire at the end of the first quarter</i>
Strong domestic earnings over the next few quarters will add fuel to the charging U.S. equity market, said Michael Aronstein, manager of the Marketfield Fund (MFLDX).
Fidelity Investments last week announced that it is cutting the management fees on its Section 529 plans.
Proposed entity would be capitalized by the prime-money-market-fund industry.
According to a new study, many advisers reported that an increasing dependence on internal wholesalers is accompanied by dissatisfaction with the accessibility and responsiveness of those reps.
The time is right for higher quality companies to start leading the stock market rally, according to Steven Pollack, manager of the Robeco Boston Partners Mid Cap Value Fund (BPMIX).
Hoping to address the income needs of retiring baby boomers, providers of exchange-traded funds are gearing up to introduce new income-oriented products.
A federal judge on Wednesday ordered The Reserve Primary Fund, which last year roiled the $3 trillion money-market industry by "breaking the buck," to pay out its remaining assets to shareholders waiting to get their money back.
No word on why longtime municipal bond manager Robert MacIntosh is leaving the company
President Barack Obama during his State of the Union address called for increasing taxes on investment fund managers, oil companies and those making more than $250,000 a year.
The time is right for higher-quality companies to start leading the stock market rally, according to Steven Pollack, manager of the Robeco Boston Partners Mid Cap Value Fund (BPMIX).
Exchange-traded-fund providers said last week that they are willing to consider joining a proposed ETF trade organization, but only if it could prove its value.
Finding stocks to sell short is like “shooting fish in a barrel,” according to Harry Rady, chief executive and portfolio manager at Rady Asset Management LLC.
After being battered by a rough market in 2008, target date funds continued to face the problems of attracting consistent contributions from participants, controlling the amount of pre-retirement distributions and discouraging investors from bailing out after they retire, according to a report from J.P. Morgan Asset Management.
If timing is everything, the mutual fund industry couldn't have picked a worse time to launch managed- payout funds.
The moral of the story? Look beyond past fund performance for winners of tomorrow.
