Faced with an increasingly global market in which the United States plays a diminished role, asset management companies must rethink how they approach investing.
Fred Alger Management Inc. of New York is consolidating all of the open-end mutual funds under the Alger brand.
LMP Corporate Loan Fund Inc., a closed-end fund from Legg Mason Inc., today announced plans to “restructure” the fund’s leverage and add liquidity.
Oil prices shot up again today on comments by the president of OPEC that they could rise to $170 a barrel and fears of a production slowdown by Libya.
Two top stock-pickers are steering clear of financial service company stocks.
Fidelity expects the emerging markets of Brazil, Russia, India and China to generate long-term growth.
Barclays PLC plans to raise $8.9 billion through the issuance of new shares as part of an effort to shore up its balance sheet.
Stock and bond funds had net inflows of $34.6 billion last month, up from $24.7 billion in April, according to FRC.
Home prices continued their freefall in April, with some areas reporting declines of nearly 27% year-over-year.
Financial advisers are looking to punish The Charles Schwab Corp. for leaving them in the lurch after its bond funds suffered when investments in mortgage-backed securities went sour.
The hedge fund is reportedly considering raising another $1 billion to take advantage of Wall Street turbulence.
Competing in a crowded, cost-focused market, 20-year-old Hennessy Funds is putting an emphasis on distribution.
After more than seven years of tapping into the Internet for the best stock pickers who are willing to run a virtual portfolio, Marketocracy Inc. has produced a top-tier mutual fund that is loosely subadvised by an eclectic group of individuals, most of whom have no connection to Wall Street.
Bond insurers are in talks with banks, looking to wipe away some $125 billion of insurance on debt securities.
In a move that likely will make environmentalist and actor Ed Begley Jr. proud, financial services firms are taking steps to make their offices green.
A handful of exchange traded funds are looking to give investors access to frontier markets, or countries that are less developed than traditional emerging markets.
Ten years after the Department of Labor gave its blessing to socially conscious investments in defined contribution plans, the area finally has come of age.
Economic uncertainty and market volatility are taking donor-advised funds on a roller coaster ride.
Legislation that would require municipal bonds to be rated similarly to corporate bonds was introduced today in the House.
