A consortium of RIAs is “actively looking elsewhere” for custodial partners after Charles Schwab said it would stop accepting custody of alternative investments.
The number of people signing contracts to buy homes tumbled to a new low in January.
Investors yanked about $147 billion from hedge funds worldwide in the fourth quarter of 2008, a 689% decline from the third quarter.
Investors worldwide pulled money out of stock funds last week at levels last seen in mid-October.
Ratings agencies today painted a bleak outlook for AIG, following news of the insurer’s massive fourth-quarter loss and an additional $30 billion lifeline from the U.S. government.
Harbor Funds of Chicago launched a new global fund to its lineup today.
Publicly traded asset management companies tend to lead market recoveries, but the fast and brutal decline in mutual fund assets makes the firms' ability to front a recovery doubtful.
Neither investors nor their advisers are feeling particularly positive these days, according to research conducted by OppenheimerFunds.
Standard and Poor’s yesterday announced ratings downgrades for 10 major life insurers, including Genworth Financial Inc., Lincoln National Corp. and MetLife Inc.
Standard & Poor's of New York today revised upward its fund volatility ratings on 10 U.S. offshore and European fixed-income funds.
A money-market mutual fund that notoriously "broke the buck" has set aside a $3.5 billion reserve to cover litigation costs and damages.
President Obama’s proposal to raise taxes on affluent households, detailed in his budget plan today, could be a boon for tax-managed mutual funds.
Sales of new single-family homes dropped more than 48% to a record low in Jan.
While it’s not wise to change your entire mutual fund investment strategy based on recent performance, it may be time to consider some alternatives like ETFs.
All carried-interest distributions from private-equity funds and hedge funds would be taxed as ordinary income instead of capital gains under Obama's proposed budget.
Fidelity Investments plans to increase its presence in the municipal-bond market, firm executives said in an interview.
Congress today commenced an effort to determine whether legislation needs to be enacted to protect the retirement security of the country's aging population.
E*Trade Financial Corp. has closed its line of four index funds with liquidations to take place no later than March 27.
Eaton Vance Corp. said Wednesday its fiscal first-quarter profit shrank by more than half.
