Mr. Wood's retirement ends a 13-year career at the Life and Health Insurance Foundation for Education.
The Boston-based money manager reported earnings of $61.4 million, or 47 cents per share.
Construction of new homes rebounded in October, increasing for the first time since June.
The dollar slid to a new low against the euro today, sending the price for a barrel of crude oil to a new record high.
Mark Ernst resigned as chairman, president and CEO of H&R Block following losses tied to subprime mortgages.
Although exchange traded funds increasingly provide an inexpensive way for financial advisers to gain access to international markets, analyzing such ETFs is more difficult than analyzing those that stick to domestic securities.
Registered investment adviser and independent-contractor-broker-dealer firms looking to attract high-producing wirehouse brokers are increasingly seeking to differentiate themselves in a crowded and competitive marketplace.
With three mutual fund giants well on their way to capturing nearly 40% of all U.S. fund assets, thousands of smaller fund companies are left competing for the rest, and some even contemplate exiting the business.
Fund boards have adopted governance practices that are thought to serve the best interests of shareholders "in advance, or in the absence, of any regulatory mandate to do so," according to a new study from Independent Directors Council.
Money market funds usually are as boring as it gets in the investment business.
