The hedge fund industry experienced gains in the first half of the year, according to data released today by Hennessee Group LLC of New York.
African Americans and Hispanics are less prepared for retirement than their white and Asian counterparts, according to a survey released today.
While new mutual fund launches are lagging last year's total, fund firms continue to introduce new products, even in the down market.
In a move to increase awareness of its large-cap mutual funds, Lord Abbett & Co. LLC announced today it has changed the names of four of its large-cap offerings and lowered the expense ratio on one of them.
Low-quality, beaten-down stocks played a role in driving many stock fund groups to the top percentile of performance in the most recent market rally, according to an analysis published by Morningstar Inc.
To lure 401(k) business, Putnam Investments will upgrade its technology and expand its service offering, according to a top executive.
Russell Investments today signed an agreement with Jadwa Investments of Riyadh, Saudi Arabia, to launch the Russell-Jadwa Indexes.
The Securities and Exchange Commission today voted unanimously to propose rule changes for the $3.8 trillion money market mutual fund industry — including new liquidity requirements to prevent runs on such funds.
Stock and bond mutual funds had net inflows of $55.5 billion in May, according to a report released today by Financial Research Corp. of Boston.
