Infrastructure investing is the new name of the game for the Phoenix Global Utilities Fund (PGUAX), which will become the Phoenix Global Infrastructure Fund, effective Aug. 18.
Performance fees appear to deliver what they promise, at least by a little, according to a study by New York-based research firm Lipper Inc.
“Invest as I say, not as I do,” is the philosophy of many fund managers, according to a study by Morningstar.
Ameriprise Financial Inc. hopes its new Threadneedle Funds brand will appeal to third-party financial intermediaries.
In a move to bolster its battered image, long-suffering Putnam Investments last week said that it is hiring industry veteran and former Fidelity Investments executive Robert L. Reynolds as its president and chief executive, effective July 1.
Two former hedge fund managers at the soon-to-be-defunct Bear Stearns may soon be indicted.
The debate about high mutual fund commissions and conflicts at the point of sale should be put to bed because sales of funds with high upfront commissions are a small part of overall sales, according to a recently released report.
Managers of target date funds have increased their allocations to equities, on average, but some of the funds' specific investment strategies are difficult to discern, a new study from Financial Research Corp. has found.
Two-thirds of asset managers surveyed are planning to develop blended alternative investments or products.
Total assets at the end of the month were $612 billion, according to State Street Global Advisors.
A former SAC Capital Advisors LLC trader accused of workplace harassment is looking to raise $500 million for his own hedge fund.
Ex-hedge fund manager Samuel Israel III disappeared Monday, hours before he was to begin serving a 20-year sentence.
The data from RealtyTrac also showed a 48% increase in foreclosures year over year.
Select Sector ETFs aim to offer magnified and inverse exposure to indexes in the energy, financial, technology and health-care sectors.
Eliot L. Spitzer, former scourge of Wall Street, is thinking of starting a vulture fund, according to published reports.
Police are investigating the disappearance and possible suicide of Samuel Israel III, CEO of defunct hedge fund Bayou.
Fitch Ratings Inc. downgraded eight publicly traded homebuilders but affirmed ratings on five others.
While there has been a lot of talk among lawmakers and regulators about the so-called retailization of hedge funds, the one trend that has appeared to dominate the nearly $2 trillion hedge fund industry over the past decade has been the increased influence of institutional-class investors.
Activist groups urging fund firms to divest from companies doing business in Sudan are finding evidence that stocks of some of the companies have delivered lower returns than some of their peers that have no connection to the country.
The mutual fund industry, buffeted by volatile markets, unprecedented scandals and new competition, has had a tough time over the past 10 years.
