Global hedge fund assets are expected to fall to $1 trillion by midyear, down from $1.4 trillion at the end of 2008 and a peak of $1.868 trillion in 2007.
Although small-business owners think that an employer-sponsored retirement plan helps with hiring and retaining employees, nearly 40% don’t offer the benefit, according to a recent survey.
Passively managed funds outperformed actively managed funds across all categories during the past five years according to Standard & Poor’s Index Services, which was released today.
Financial stocks have made a remarkable comeback in the past month, leaving advisers to make a hard call: Are banks regaining their health after the yearlong shellacking that they have endured?
Equity funds investing primarily in U.S. stocks had a net outflow of $3 billion, reversing the previous week’s inflow of $3.2 billion, TrimTabs reported.
Several Braintree, Mass.-based firms filed suit yesterday in federal district court charging a Citigroup subsidiary with fraudulently selling auction rate securities while the firm was under investigation.
Fidelity Investments, responding to what it called continuing challenges as the recession lingers, told employees in all but its lowest-echelon bonus pool that they will not get merit increases this year.
Mutual fund investors paid $15.8 billion in taxes last year for distributions, according to a report released today by Lipper Inc. of New York.
The Securities and Exchange Commission is exploring structural changes to money market mutual funds, including raising the net asset value standard to $10, from $1.
While investors and pundits have regarded recent economic news with a hopeful eye, a survey of senior financial executives found most do not think the economy will improve over the next six months.
