Sue Asci
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Managers have moved to a net underweighted position in bonds for the first time since last August, the survey said.
The trustee for the liquidation of Bernard L. Madoff Investment Securities LLC has filed suit against several hedge funds seeking $3.2 billion that allegedly was withdrawn by the defendants prior to the scandal that resulted in a guilty conviction for the swindler.
OppenheimerFunds Inc. of New York announced today a new management team for its three Main Street funds — a 12-person team pulled from RS Investment Management Co. LLC of San Francisco, a subsidiary of New York-based Guardian Life Insurance Co. of America.
Kirlin Securities Inc. was expelled from the securities industry for alleged manipulative trading on the Nasdaq Stock Market Inc., Finra announced today.
Sheila C. Bair, the head of the Federal Deposit Insurance Corp., and Brooksley Born, the former chairman of the Commodity Futures Trading Commission in Washington, were honored today for sounding the alarm about the economic crisis.
Citing a growing interest in options trading, Charles Schwab & Co. Inc. today announced the launch of more-advanced options-trading tools, including screening capabilities and historical-options-price charts for its traders.
The Putnam Capital Spectrum Fund (PVSAX) and Putnam Equity Spectrum Fund (PYSAX) will invest in a range of securities, including stocks, bonds, bank loans and convertible securities.
Although the majority of consumers who participated in the National Financial Literacy Survey gave themselves good grades for their knowledge of personal finance, many admitted that they aren't saving money for the future.
The Financial Industry Regulatory Authority Inc. will likely take a more active role in the examination of registered investment advisers as a result of regulatory reform, the Tower Group Inc. concluded in a study to be released Monday.
Investors poured billions into emerging-markets stock funds this week, continuing a 10-week trend of inflows for the category worldwide, according to a report released by Emerging Portfolio Fund Research Inc.
