Portfolio

Mutual fund managers prided themselves on sticking to their investment mandates early on in the financial crisis of 2008. This, even as the average U.S. stock fund fell nearly 30% in value. They counseled investors to do the same. Three years later, there is a new direction for funds: the flexibility to go anywhere, to pay closer attention to macroeconomic and market trends, and to even hunker down in cash.

Thirty years ago,Russell Investments changed the landscape of how fund firms could evaluate managerial performance, by launching broad benchmarks of stock performance in the United States.

Wall Street high rollers are expecting big bonuses at year-end -- especially hedge fund managers and executives at boutique banks.

Stocks had a strong showing this week and gained 541.37 points, or 4.88%. Blue chips gained 166.36 points on Friday.

Wall Street high rollers are expecting big bonuses at year-end—especially hedge fund managers and executives at boutique banks.

As banks and insurers compete in the lucrative retirement market, new numbers show a marked uptick in the sale of annuities at bank holding companies in the first half of 2011.

In the three years since the financial crisis hit, investors have remained cautious, but their tolerance for risk has actually held steady, according to the Investment Company Institute.

A bond attorney urged colleagues to do more for “market betterment” by supporting legislative efforts to give the SEC authority to develop “a uniform baseline disclosure rule.”

The Dow Jones Industrial Average fell 40.72 points, but recovered some of the day’s losses. The Dow Jones Total Stock Market Index shed 28.61 points.

In the three years since the financial crisis hit, investors have remained cautious, but their tolerance for risk has actually held steady, the Investment Company Institute said Thursday.