Nuveen hopes this type of arrangement is just the first of many as it hopes to subadvise more muni bond ETFs
A prominent Brooklyn rabbi has been convicted in a scheme to extort a Connecticut-based hedge fund into paying millions of dollars to two schools.
Rebecca Parrett, who bilked Pimco and others out of $3 billion, had been on the lam since March 2009. Yesterday, she was arrested in a Mexican resort. Said a U.S. Marshal: 'For somebody who was on the run, it was pretty good.'
A former Bend police captain and his wife who have been under investigation by the FBI and IRS over their real estate dealings in Oregon and Indiana have been indicted on fraud charges.
A federal judge has upheld a $1.47 million arbitration award given last fall to former NBA star Horace Grant for losses he sustained on investments in failed Regions Morgan Keegan Select bond funds.
Traxis Partners LLC's Barton Biggs sold almost all his U.S. technology shares last week.
Legg Mason Inc.'s Bill Miller said the U.S. stock market, which has dropped 12 percent from its April high on concerns Europe's debt crisis may spread, will rise after the region's banks complete stress tests.
U.S. stocks could jump as much as 20 percent, led by technology companies, as the global economy rebounds from Europe's debt crisis, said Barton Biggs.
Morgan Keegan & Co. has been granted an administration hearing on allegations that its brokerage firm cost investors, including retirees, more than $2 billion in losses through fraudulent and reckless business practices.
It's been just over a year since Peter Kraus took over as CEO of AllianceBernstein LP.
Financial advisers to some private-equity funds fear that efforts to reduce systemic risk in the financial markets, a key theme of the massive reform bill signed into law last week, are unfairly targeting them.
Invesco PowerShares Capital Management LLC today launched nine small-cap-sector exchange-traded funds, but that's going to be the last new offerings the firm rolls out for a while.
Janus Capital Group Inc. has introduced a value income fund using managers from both its internal fixed-income team and its Perkins Investment Management LLC subsidiary.
Laurent Saltiel, manager of Janus Capital Group Inc.'s $2.44 billion Worldwide Fund, will leave the firm at the end of May.
As a new crop of money managers and investment banks enters the hot market of exchange-traded funds, the challenge already has proved too much for some in a sector where scale is key.
While the market recovered in 2009, most asset managers did not, according to a report Tuesday from The Boston Consulting Group.
Goldman Sachs Asset Management's effort to expand its small defined-contribution business by offering custom target date funds has caught the attention of advisers.
The U.S. economy could well be headed for another downturn — and financial advisers should direct clients to move their money out of the domestic equities market and into long-range opportunities overseas and alternative-asset classes, two well-known investment managers said last week.
Capital Group Cos., the largest U.S. manager of stock mutual funds, asked regulators for permission to open its first new fixed-income products in four years.
Fixed-income fund managers likely will face heightened margin requirements when trading privately negotiated derivatives under the new financial services reform bill.
