By OTTAWA — The minority Conservative government’s budget, released last Monday, drew immediate fire from two Canadian opposition parties, the Liberals and New Democrats.
LONDON — If you can’t beat it, trade it. That approach toward volatility is increasingly making inroads among institutional investors, including pension funds such as the $275 billion Stichting Pensioenfonds ABP of Heerlen, Netherlands.
Merrill Lynch & Co. analysts are mad as hell that people are simultaneously belittling and stealing their investment ideas, according to Crain's New York Business.
In the first criminal case against a hedge fund for market timing, Beacon Rock Capital LLC and a former broker were charged with defrauding mutual funds of $2.4 million.
OptionsXpress Holdings Inc. announced today that it promoted its chief financial officer to the role of president and its chief operating officer to the role of executive vice-chairman, according to published reports.
Morgan Stanley today posted a 69% increase in first-quarter profits on strong advisory fees from higher trading levels and increased investment banking fees.
IRVINE, Calif. — In an expected move, Wachovia Securities LLC this month launched a client loyalty program called 4front.
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.
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.
