In a bid to take advantage of the stock market's volatility, mutual fund companies are reopening closed funds at a record pace.
The minor-league status of WisdomTree Investments Inc. in the world of exchange traded funds could change following a deal struck last month with The Dreyfus Corp.
The forces that drove the retirement marketplace in 2007 — the automatic enrollment and default option provisions of the Pension Protection Act of 2006, the aging baby boomers and a focus on the rollover market — will continue to shape product launches this year.
Two mutual funds that offer set payouts and principal guarantees have been launched, with more expected, but financial advisers think the guarantee is flimsy.
The company has bought HedgeWorks, a Southern California hedge fund with more than $10 billion in assets.
Shares of Ambac and MBIA rose after CNBC reported the names of eight banks that have banded together with the New York state Insurance Department to rescue the beleaguered bond insurance industry.
The Morgan Stanley Global Long/Short Fund aims to offer an institutional-quality portfolio of long/short equity hedge funds.
Daniel Marino, who faced a maximum sentence of 50 years, had sought leniency due to his cooperation with prosecutors.
Claymore Securities has unveiled the Claymore/AlphaShares China Small Cap Index exchange traded fund on Amex.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
Efforts to bail out bond insurers may be too late to prevent a ratings downgrade, a research firm says.
A Euro Fund and Sterling Fund will be rolled out, most likely sometime this summer, said founder Bruce Bent.
By recruiting Perella Weinberg, the state regulator would focus on protecting the policyholders of “monoline” insurers.
When projects went into default or were failing, Heartland didn't accurately re-price the funds, the SEC said.
InvestmentView, one of the first software tools to use hypothetical comparisons to help advisers recommend mutual funds, is being re-launched today by Thomson Financial.
The Investment Company Institute has created a committee for exchange traded funds in what some say is an effort to head off the possibility that ETF providers will create their own trade association.
A gloomy market outlook is making gold shine bright, but financial advisers are divided as to whether it deserves a place in most clients' portfolios.
The fund, which is offered by the Franklin Templeton Fixed Income Group, seeks to generate income by investing in foreign fixed income markets.
Federated Investors Inc. launched the Federated Kaufmann Large Cap Fund this month in a bid to capitalize further on the success of star managers Lawrence E. Auriana and Hans P. Utsch.
One very large player figured only marginally in the scandals of the 1990s — the $7 trillion mutual fund industry.
