HUNTINGTON BEACH, Calif. — For fixed-income investors, few words cause more fear in the over-the-counter-credit-derivatives market and its whopping $26 trillion notional value than “default” and “bankruptcy.”
LONDON — If you can’t beat it, trade it. That approach toward volatility is increasingly making inroads among institutional investors, including pension funds such as the $275 billion Stichting Pensioenfonds ABP of Heerlen, Netherlands.
WASHINGTON — The Department of Labor has put the issue of enhanced 401(k) fee disclosure on its agenda, a move that could take some of the wind out of the sails of a legislative threat.
NEW YORK — IBM Corp.’s announcement that it will offer financial planning services to all 127,000 of its U.S. employees is the biggest sign yet that companies are increasingly interested in providing workers with more individual — and effective — counseling on financial topics.
By OTTAWA — The minority Conservative government’s budget, released last Monday, drew immediate fire from two Canadian opposition parties, the Liberals and New Democrats.
Merrill Lynch & Co. analysts are mad as hell that people are simultaneously belittling and stealing their investment ideas, according to Crain's New York Business.
Morgan Stanley today posted a 69% increase in first-quarter profits on strong advisory fees from higher trading levels and increased investment banking fees.
In the first criminal case against a hedge fund for market timing, Beacon Rock Capital LLC and a former broker were charged with defrauding mutual funds of $2.4 million.
OptionsXpress Holdings Inc. announced today that it promoted its chief financial officer to the role of president and its chief operating officer to the role of executive vice-chairman, according to published reports.
WASHINGTON — The possibility of limiting pension fund involvement in hedge funds was raised last week by legislators and hedge fund industry representatives at a hearing on Capitol Hill on how much risk hedge funds pose for financial markets.
