Portfolio

The Dow Jones Industrial Average shed 45.57 points to finish at 13,124.62 Wednesday while the Nasdaq rose 1.17 points to close at 3,075.32.

Alternative investment manager Direxion has launched an exchange-traded fund that provides investors with equal weighted exposure to the constituents of the NASDAQ-100 index.

Placing its individual annuity business into runoff, The Hartford is pursuing the sale or "other strategic alternatives" of its individual life, Woodbury Financial Services and retirement plans businesses.

Global accounting firm Ernst & Young has expanded its West Coast asset management tax practice with four new hires.

Quantitative hedge fund manager Hagin Investment Management has launched an equities market neutral product aimed for mutual fund investors.

U.S. equity funds take a lashing, posting estimated outflows of $2.88 billion for the week ended March 14.

Loomis, Sayles & Company has hired Jeffrey Schwartz to serve as the new co-manager of the firm’s small and mid-cap core strategies, including the Loomis Sayles Small Cap Value Fund.

The SEC’s 
Office of Compliance Inspections and its Division of Enforcement are getting ‘increasingly collaborative.’ That may be turning routine exams into launchpads for enforcement actions.

Some seniors paid extra for riders that no longer applied because of their age, FINRA says.

Market Vectors, the exchange-traded product arm of Van Eck Global, is tapping into the resilience of Indonesia’s economy by launching a fund focusing on the country’s small cap equity sector.