Sue Asci
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Hedge funds averaged positive returns in May after posting the highest return in more than five years in April, according to estimates released yesterday by HedgeFund.net.
The recent popularity of small-cap mutual funds may be a sign that recession is giving way to recovery.
Massachusetts Secretary of State William Galvin asked the Suffolk County Superior Court in Boston yesterday to require Cohmad Securities Corp. to deliver records about its Massachusetts investors in regard to the Bernard Madoff scam.
Morgan Stanley today announced that Henry McVey, who previously worked at the firm, is returning as head of global macro and asset allocation for Morgan Stanley Investment Management Inc.
Charitable giving last year experienced its first decline since 1987, the Giving USA Foundation reported today.
Some good news for the charitable-giving world: Most donors — 55% — planned to donate the same amount to charities in 2009 as they did last year, according to a recent survey conducted by the Fidelity Charitable Gift Fund, a charitable donor-advised-fund program established by Fidelity Investments of Boston.
E*Trade Securities LLC has introduced a tool on its website to give self-directed investors investment guidance and offer a recommended asset allocation. The tool, called Online Advisor, is free.
The Securities and Exchange Commission has expanded its “pay to play” investigation into suspect finders fees made to placement agents who help asset managers secure pension fund business, The Wall Street Journal reported.
U.S. retirement assets were down 22% at the end of 2008, compared with yearend 2007, according to a report released yesterday by the Washington-based Investment Company Institute.
While the majority of small businesses do not think the economy will affect their ability to offer a 401(k) retirement plan, 44% said they may have to reduce or stop matching employee contributions, according to a survey released today by Nationwide Financial Services Inc. of Columbus, Ohio.
