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Sue Asci

Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.

Displaying 346 results

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Third Avenue Management names senior managing director

Third Avenue Management LLC of New York said today that Steven Johnson has joined as a senior managing director.

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Oppenheimer Holdings to move headquarters from Canada to U.S.

Oppenheimer Holdings Inc. today moved the legal domicile of its corporation to the United States from Canada.

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Non-profits fear charitable giving will be cut by more than 10%

Corporate giving is expected to decline this year, according to a survey released today by The Foundation Center, a New York-based nonprofit service research organization that focuses on philanthropy.

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Despite market gains, March sees major fund redemptions

Investors pulled $87.6 billion out of stock, bond, mixed-equity and money market mutual funds in March, the highest net redemption total since September 2008, according to a report released today by New York-based Lipper Inc.

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Janus to pay $4.8M for breach of contract over pay cut

A Denver district court has ruled that Janus Capital Group Inc. must pay a former portfolio manager $4.8 million finding that the company committed breach of contract, according to Bloomberg.

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Money market mutual funds hit record low in April

The average yield for money market mutual funds hit a record low in April, according to Crane Data LLC.

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Turner Investment Partners introduces long/short equity fund

Turner Investment Partners Inc. today announced the launch of a mutual fund that will invest in six long-short equity strategies.

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Financial reports too confusing for average investor, corporate officers say

Most corporate financial officers think that financial reports are too confusing for the average investor, but in-depth disclosure about a firm's strategies and opportunities would be helpful, a new survey found.

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Vast regulatory reform bill will be law by yearend, Barney Frank says

President Obama will likely sign comprehensive financial services regulatory reform legislation into law by yearend, House Financial Services Committee Chairman Barney Frank, D.-Mass., said today at the Financial Industry Regulatory Authority Inc.’s annual meeting in Boston.

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Congress will review oversight for advisers of municipalities, Frank says

Congress will review legislation next week proposing regulation and oversight for investment advisers of municipalities, according to House Financial Services Committee Chairman Barney Frank, D.-Mass., in remarks today at a meeting of the Financial Industry Regulatory Authority Inc. in Boston.