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.
NEW YORK — Just as Federal Reserve monetary policymakers will use economic data to determine what to do with the federal funds rate this week, financial advisers and asset managers rely on such data to pick investments.
OTTAWA — The Certified General Accountants Association of Canada has addressed the subject of a national securities regulator and has offered up suggestions about how it should work.
Merrill Lynch & Co. Inc. is planning to increase the scope of its Indian private banking business, with a focus on providing financial services to that country’s growing wealthy population, according to the Economic Times in India.
SAN FRANCISCO — In need of an alternative to lackluster Treasury bond performance, financial advisers are helping a high-yield and low-profile cash product go mainstream.
Continuing its focus on buying small to midsize firms, Royal Alliance Associates Inc. late last month completed a deal to acquire United Securities Alliance Inc.
Intrigued wirehouse executives who are looking for a change are beginning to check out independent-contractor broker-dealers, and what they see interests them more and more, industry executives, consultants and recruiters say.
Opponents of a merger between the regulatory operations of NASD and the New York Stock Exchange haven’t given up on their efforts to stop the deal.
A wealthy retired couple in their late 70s enjoyed an annual income of $80,000 but wanted to increase their standard of living.
As exchange traded funds proliferate, ETF producers are getting more aggressive when it comes to pitching product.
