Offering gives investors access to four absolute-return funds; some fees will be waived through 2012
A Rhode Island man was convicted last week of mail fraud and money laundering after creating a fictitious friendship with Fidelity Investments chairman Edward “Ned” Johnson III as a way to bilk investors
Asset manager hires Robert Francis, former COO at B-D's retirement unit
The Securities and Exchange Commission's appointment of Eileen Rominger, an 11-year veteran of Goldman Sachs Asset Management, as its new director of investment management, marks the first time in decades — if ever — that the agency has named an industry executive with no legal background to the position.
Late on Tuesday, the SEC tapped Eileen Rominger to replace Buddy Donahue as the director of investment management. Ms. Rominger knows a little something about the topic: She's been a portfolio manager for three decades.
Mutual funds still dominate retail fund assets in broker-dealer wrap programs
RiverPark looking at launching actively managed exchange-traded funds; 'going to tread slowly'
Acquisition by company's subsidiary gives financial industry giant entrée into the market for active offerings
Brokerage firm's inaugural list of exchange-traded funds targets retail investors; 48 funds in all, 11 from Schwab.
With megabanks besieged by regulators and facing a public backlash over the 2008 credit crisis, portfolio managers increasingly are looking at smaller banks as a value play in the financial services sector
