Investment advisers took to their phones or e-mail to answer client concerns about the possible effect of the crisis in Japan on their investments and on the U.S. recovery in general, according to an InvestmentNews website poll conducted this week.
E*Trade Financial Corp. said Citadel LLC will sell shares of the online brokerage, cutting its stake to less than 10%, after it sold almost 24 million shares less than two months ago.
Pacific Investment Management Co. hasn't seen redemptions from Asia investors following last week's earthquake in Japan, Chief Executive Officer Mohamed El-Erian said.
Southwest Securities Inc., the Dallas-based brokerage fined this month over payments to municipal-bond advisers, will pay $650,000 to resolve claims over improper short sales that caused a $6.3 million loss for the firm.
Bank-loan funds attracted a record $5.2B in January, as investors sought protection from a rise in interest rates
