The Reserve Primary Fund, which had $4.5 million in assets as of June 10, had total expenses of $16.6 million from Sept. 15 through June 10, which included $15 million in management fees, according to a statement issued by The Reserve Management Co. Inc. last week.
The “liquor indicator” is showing that consumers are still worried about losing their jobs.
Wary investors have been steadily moving assets out of safe — but incredibly low-yielding — money market mutual funds in significant numbers since the U.S. markets bounced off of their lows in early March.
A sprawling case of alleged securities fraud involving an independent broker-dealer and two brokers may wind up costing an insurance company $10.3 million.
Pershing LLC, the largest provider of back-office services and financing to small and independent broker-dealers, this month began charging shareholder servicing fees to brokers and financial advisers who buy certain mutual funds from its Fund Center platform.
Make way for the 1,600-pound gorilla in the money management industry.
Hedge funds averaged positive returns in May after posting the highest return in more than five years in April, according to estimates released yesterday by HedgeFund.net.
More than 321,000 households received at least one foreclosure-related notice last month — 18 percent more than a year earlier — but the smallest annual gain since June 2006.
The recent popularity of small-cap mutual funds may be a sign that recession is giving way to recovery.
The number of U.S. households on the verge of losing their homes dipped in May from April, and the annual increase was the smallest in three years.
Barclays Global Investors North Asia Ltd. announced today that iShares, the firm’s exchange traded fund unit, has expanded its Asia management team.
The ETFs are the RP Growth ETF, RP Focused Large Cap Growth ETF, RP Technology ETF, and RP Financials ETF. They are expected to carry a 0.89% expense ratio, and begin trading on Sept. 1.
Natixis Global Associates, the distribution arm of Natixis Global Asset Management, today announced that it will close the Vaughan Nelson Small Cap Value Fund (NEFJX) to new investors, effective July 31.
The stellar returns that junk bond funds are generating are unsustainable and will come to an end, fund managers and financial advisers agree, but they disagree on when that will be.
Private-equity firms are turning to infrastructure investing now that the credit crisis and deepening recession have put their traditional leveraged-buyout businesses into suspended animation.
Certificates of deposit that link investment returns to stock market indexes are helping prop up the sagging structured-products industry.
Mutual fund managers weary of trying to spin negative trailing returns are suggesting that investors look at rolling returns, but those are often difficult to obtain and can be misleading, some say.
After being written off as an asset class just a few short months ago, emerging-markets equities are back.
ProShare Advisors LLC is extending its dominance of the leveraged exchange traded funds market with the launch of four strategies, the company announced today.
