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Seventeen muni groups are urging members of Congress to reject President Obama's proposal to place a 28% cap on the value of tax-exempt interest, warning it will hurt the market and that its retroactivity will reverse nearly 100 years of legislative history.
February 16 -
The Dow Jones Industrial Average fell 97.33 points to finish at 12,780.95 Wednesday while the Nasdaq and S&P 500 lopped off 16 points and 7.27 points, respectively.
February 15 -
Investors poured an estimated $13.17 billion into equity, bond and hybrid mutual funds during the week ended Wednesday, Feb. 8, the largest weekly inflow this year.
February 15 -
Hedge fund manager and long-time gold bull John Paulson cut his gold ETF bullion holdings by about $600 million in the fourth quarter, a second straight reduction that was likely driven by client redemption needs as he remained upbeat on the metal.
February 15 -
F-Squared Investments, an investment firm and RIA, has named industry veteran Mark Marinella, a former executive vice president and Global CIO of State Street Global Advisors, as its new head of investments.
February 15 -
Wave Management AG, the asset management unit of the German VHV insurance group with over 14bn in assets under management, has chosen SimCorp Dimension as its future investment management system
February 15 -
Citi has entered into an agreement with Credit Suisses Asset management division to provide a comprehensive suite of milled office, custody and hedge fund administration services to support part of its U.S.-based alternative investments business.
February 15 -
The U.S. economy may be growing. But confidence in it isn't, said economic futurist Jeff Thredgold.
February 15 -
The Great Recession ended 32 months ago. But fear about the sturdiness of its recovery persists.
February 15 -
The U.S. equities market has been losing the order flow battle for three straight years and will continue to fall until 4th quarter 2012, a Tabb Group Research Report says.
February 15