Portfolio

Citigroup, which seeded Claren Road, and a Goldman Sachs fund, which has a minority stake, are using the deal to exit their investments.

PHOENIX—If the U.S. economy grows at Goldman Sachs’ forecast of 2.7% in 2011 and 3.6%, this will represent three years of respectable growth, said Heather Shemilt, managing director and head of the pensions, endowments and foundations group at Goldman Sachs. Shemilt was addressing Information Management Network’s “Super Bowl of Indexing” here Monday. In the first three quarters of this year, the U.S. GDP has grown 2.63%.

The only software that really has intrinsic value is the software that can predict returns on mutual funds, exchange-traded funds or single stocks.

The Securities Industry and Financial Markets Association has upped the ante in its dispute with the Municipal Securities Rulemaking Board over the self-regulator’s proposal to nearly double the fees it collects from dealers, warning that the MSRB must do a better job of explaining the need for the increase.

In On Wall Street's fourth annual ranking, the young hotshots of The Street talk clients and strategy. Here's how this year's top 40 advisors under 40 stack up.

Looking for a stocking stuffer for your favorite financial planner? Check out the 10 best-selling books for advisors from Amazon.com.

Currently wirehouse market share is at 56% of total fee-based managed account assets, but Cerulli Associates predicts that managed account market share for wirehouses will tumble to 50% by 2014.

ETF Securities’ ETFS Physical White Metals Basket Shares (WITE) began trading on the NYSE Arca Friday.

The municipal bond underwriter and brokerage house hope the tandem will generate broader appeal for investors.

The global economy is in the middle of a scary macroeconomic environment, with fiscal imbalances in Europe, Japan and the U.S. and increased regulation, which is confusing companies as well as individuals, according to T. Rowe Price’s director of global equity.