More ETF liquidations likely to follow Claymore’s
When Claymore Securities Inc. of Lisle, Ill., this month announced that it was liquidating 11 exchange traded funds — the first large-scale liquidation of ETFs since the funds were created — some industry experts said investors should view it as a warning.
Schweiss survives Fiserv sale to TD
Skip Schweiss will stay with the legacy Fiserv Investor Support Services business after all.
Younger millionaires drawn to alternative investments
The rich are different from you and me, according to F. Scott Fitzgerald.
Ameriprise earnings jump on popularity of proprietary funds
Despite a tough stock market and a $3 million bond write-off, Ameriprise Financial Inc. managed to increase its earnings substantially last quarter — thanks in part to sales of proprietary products.
Some advisers are buying stocks despite rockiness of the market
Many financial advisers are in a mood to buy stocks despite the drubbing their portfolios have taken in the first few trading sessions of 2008.
People
Curian Capital LLC, a Denver-based provider of separately managed account platforms, has promoted Greg Verfaillie to senior vice president and national sales manager.
Clearing firms used by the top independent broker-dealers
Top clearing and custody firms for financial advisers used by the top independent broker-dealers Click…
Lewis bullish on Bear Stearns stake
Billionaire Joseph Lewis has raised his stake in Bear Stearns to 8.01%, according to a filing with the SEC.
SEC probes info sharing in hedge funds
The regulator is investigating whether financial entities are investing in hedge funds in order to share inside information.
Bear hid dire state of funds, say investors
Investors in Bear Stearns' two collapsed hedge funds have filed arbitration claims against firm, according to Reuters.