Sue Asci
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
In what may be a reprieve for advisory firms, Securities and Exchange Commission Chairman Mary Schapiro seems to have backed off from an idea that would require some advisory firms to face third-party compliance procedure audits.
Federated Investors Inc. announced today that the firm has reached a definitive agreement to acquire $233 million in assets of two of Cincinnati-based Touchstone Investments’ mutual funds.
Variable annuity net sales rose nearly $1 billion from the fourth quarter of 2008 to the first quarter of 2009, according to a report released today by NAVA Inc., a Reston, Va.-based VA trade group.
The Janus Capital Group Inc. has announced plans to expand into Canada with a goal of capturing a larger portion of subadvised mandates.
Asset management firms will experience higher earnings than expected following the recent market rally, according to research released from FBR Capital Markets Corp. of Arlington, Va.
The Certified Financial Planner Board of Standards Inc. today announced that slightly more than half (52.3%) of the 2,063 individuals who sat for the March 20-21, 2009, CFP certification examination passed the test.
Mutual fund expense ratios declined in 2008 for the fourth consecutive year, seeing an average reduction of 0.036% industrywide, according to a report by New York-based research firm Lipper Inc.
Investors poured money into equity mutual funds, including exchange traded funds, in April in a reversal from the previous month, when those funds experienced net outflows, according to a report released yesterday by Financial Research Corp. of Boston.
Optimal Investment Services, the Geneva-based hedge fund arm of Banco Santander SA, has reached a settlement with Irving Picard, trustee for the liquidation of Bernard L. Madoff Investment Securities LLC, for $235 million.
The Vanguard Group Inc. today announced expense cuts across the lineup of investment options in The Vanguard 529 College Savings Plan, sponsored by the state of Nevada.
