Angelo Haligiannis was arrested in Greece and then freed pending an extradition hearing next week.
Money managers are finding a bevy of opportunities in the subprime-mortgage fallout.
The lack of a benchmark is impeding the growth of target-date funds, according to The Vanguard Group.
The variable annuity has a withdrawal base that will grow at least 7% annually during its first 10 years.
Equity markets pulled back during June, but hedge funds still posted positive returns, according to the Lipper Hedge Funds Insight report.
Total assets under management globally in ETFs are expected to top $2 trillion by 2011, up from $669 billion as of June 30, according to a report by Morgan Stanley.
The Securities and Exchange Commission has begun its voluntary electronic filing program for mutual funds.
Financial advisers sometimes outgrow relationships — including relationships with software.
Some financial advisers fear that a proposal backed by the Financial Planning Association that would allow brokers to make principal trades in their fee-based accounts would result in a new loophole that brokers can use to skirt investment adviser regulations.
Charitable-remainder trusts have grown in popularity at universities that control the trusts using their own investing strategies, but financial advisers are often loath to hand over control to the schools, as the strategies are sometimes risky.
