Quantitative money managers are retooling their formulas and product lineups as they attempt to reverse the drought that began almost three years ago, when spiking market volatility turned the quant feast to famine overnight.
Rush “Rusty” Benton, who founded WealthTrust LLC in 1997 to buy majority stakes in independent wealth management firms, is stepping down as chief executive of the company and will assume the new role of chairman, he said Thursday.
On consecutive Fridays this month, the founders of two independent wealth management firms that sold majority interests to parent consolidator firms were forced from their jobs.
The estate alleges in a lawsuit filed Wednesday that JPMorgan forced the now-failed bank to put up collateral that sapped Lehman of cash.
Upstart independent broker-dealer DeWaay Financial Network LLC has landed another top independent registered rep.
Stocks plunged again Thursday as more investors woke up to the possibility that economic problems such as Europe's debt crisis might spread around the world and stop the growing recovery in the U.S.
Copper just slipped into a bear market. If his Ph.D. still carries any clout, the world might follow suit.
As the Senate this week wades through scores of amendments to legislation on financial regulatory reform, lobbyists are going toe-to-toe over applying a fiduciary standard.
The stock market appears to be headed for yet another strange day in May, with share prices plunging, then rallying. then falling again. Given the recent market gyrations, money managers disagree on whether it's time to abandon ship
Richard Ziegelasch and Wendy Holmes, who managed $258 million in client assets, are on the move to Credit Suisse
Firms will never admit that they lost somebody good or admit that they hired somebody bad.
Rush “Rusty” Benton, who founded WealthTrust LLC in 1997 to buy majority stakes in independent wealth management firms, is stepping down as chief executive officer of the company and will assume the new role of chairman, he said Thursday.
Market volatility presents an opportunity to offset gains with losses. Is it worth the hassle? Experts say tax-loss harvesting can boost portfolio returns by as much as seven percentage points
The massive stock sell off on Thursday may have been initially triggered by human error. But it appears that mechanized trading had a lot to do with the wild ride that followed. | <a href=http://www.investmentnews.com/selloff0506> Readers' rant: What's your take?</a>
State Street Global Advisors tabs former Goldman and Barclays executive to head its defined contribution business
Head of discount brokerage's custody arm says larger firms already talking up the virtues of the financial instruments; expand 'beyond asset allocation'
Prosecutors say a broker lied about his business successes to trick Merrill Lynch into lending him $780,000. They also claim he spent the loot on a Ferrari sportscar and other niceties..
Some intriguing stock purchases of late from Berkshire's boss; 'ample cash'
Edward Brokaw, a former Deutsche Bank AG broker, was barred from the securities industry for manipulating the price of Monogram Biosciences stock in an effort to enrich a hedge-fund client, himself and his family, the Financial Industry Regulatory Authority said today.
Firms see biggest one-month loss since Lehman went bust, as bets aimed at minimizing losses didn't. The question now: What will June bring?
