As with all of the firm's funds, socially-conscious investing criteria -- including environmental, social and governance considerations — will be given priority.
A 25-year veteran of the retirement and investment management industry, John Y. Kim comes to NYLIM from Prudential Retirement.
The firm announced its foray into the life settlements industry as the first insurance carrier to buy unwanted policies.
Insurance company Conseco announced a fourth-quarter earnings loss yesterday attributed to exposure to subprime loans.
Last month, there were 791 new bond issues valued at $39 billion, according to Thompson Financial.
The Charles Schwab Corp.'s largest bond fund has lost more than 80% of its assets over the past 10 months as investors have fled the mortgage-backed securities in which it invested heavily.
Where some see devastation and loss, others see opportunity.
Providing guidance on the provision of the Pension Protection Act of 2006 that now allows a plan participant to convert a plan balance directly to a Roth IRA, the Internal Revenue Service has issued a set of new rules (Notice 2008-30).
Dow Jones Indexes of New York continues to add components to its 2008 Summer Games Index, which measures the performance of the official partners, sponsors and suppliers of the 29th Olympic Summer Games in Beijing.
