Portfolio

The Hartford is liquidating its Money Market Fund on September 27, according to the firm.

A majority of asset managers said the Federal Reserve’s recent decision to slow the pace of its bond buys will lead to higher interest rates in the next three months, according to a quarterly survey of investment managers by Northern Trust.

Professional athletes are enticing prospects for advisors. They've made it big, encountered a sudden windfall of wealth and many are young- sometimes right out of high school- and do not have the experience to understand how to manage it all themselves. Unfortunately, those conditions have also made for some of the most contentious disputes.

REITs “have been one of, if not the biggest contributors” to the underperformance and volatility in mortgage bonds, said Bryan Whalen, co-head of mortgage bonds at Los Angeles-based TCW Group Inc., which oversees about $131 billion of assets.

Investment pitches by entrepreneurs and hedge funds may get a higher public profile on television, through social media and even at sporting events following the lifting of an 80-year-old rule by U.S. securities regulators.

Mutual funds had outflows of $4.89 billion for week ended Tuesday, July 2, according to the Investment Company Institute.

Dozens of lawmakers are urging House leaders to reject proposals to eliminate or cap the exclusion for tax-exempt bonds.

Following last month's historic sell-off, the municipal market offers solid fundamentals and the most compelling value since 2011, additionally bolstered by the strong demand from July and August reinvestments and the demand from crossover buyers, BlackRock Inc. said in its July municipal report.

Northwestern Mutual, the nation’s 7th largest independent broker-dealer by total-revenue, announced Wednesday it has hired more than 1,100 financial representatives so far this year, and nearly 3,000 financial representative interns.

The acquisition comes just nine days after United Capital acquired an Atlanta wealth manager and is the latest example of the firm’s aggressive, Starbucks-inspired expansion strategy.