Fidelity Investments of Boston spent $940,000 — both directly and via third-party firms — during the second quarter to lobby lawmakers in Washington on financial regulatory reform, retirement, taxes and other issues, according to recent filings with the House of Representatives' Office of the Clerk.
Boston's Fidelity Investments spent $940,000 — both directly and via third-party firms – during the second quarter to lobby Washington lawmakers on financial regulatory reform, retirement, taxes and other issues, according to recent filings with the Office of the Clerk of the House of Representatives.
The Vanguard Group Inc. last week filed a registration statement with the Securities and Exchange Commission to offer seven bond index exchange traded funds in what some industry experts think will be a direct challenge to iShares, the dominant fixed-income ETF provider.
It was listed for $26 million, but bond guru Bill Gross bought a bay-facing home on Harbor Island in Newport Beach, Calif., for $23 million, according to reports.
Vanguard today filed a registration statement with the Securities and Exchange Commission to offer seven new bond index exchange traded funds in what some industry experts believe to be a direct challenge to iShares, the dominant fixed-income ETF provider.
Massachusetts regulators sent subpoenas to four brokerage firms July 31 seeking information about the way they sold inverse and leveraged exchange traded funds. The subpoenas were issued weeks after the firms restricted the sale of the products or stopped selling them altogether.
Despite the improved performance of its mutual funds, Fidelity Investments isn't likely to recapture the crown as the firm that controls the most long-term-fund assets anytime soon.
Morgan Stanley Smith Barney LLC today announced restrictions on the sale of leveraged, inverse, and leveraged-inverse exchange traded funds by its brokers and advisers.
Exchange traded fund assets worldwide hit an all-time high of $862 billion at the end of July, 7% above the previous record of $805 billion set in April 2008, according to data released today from the London-based research team of Barclays Global Investors in San Francisco.
AIG Investments, the asset management arm of American International Group Inc., is close to being sold to a group that includes private equity firm Crestview Partners for $300 million to $400 million, Reuters reported today, citing a source.
