Portfolio

Buoyed by the strength of the long-term municipal market over the past 18 months, mutual fund assets have climbed to record levels, and portfolio managers have had little need to make major changes to their current investment strategies.

Initially, at least, the firm is staking out a niche in the secondary, rather than primary U.S. market. David Puritz, hired in March as U.S. head of convertible bonds, did just that in his former post at Deutsche Bank.

Buoyed by the strength of the long-term municipal market over the past 18 months, mutual fund assets have climbed to record levels, and portfolio managers have had little need to make major changes to their current investment strategies.

As Federal Express first indicated last November, it announced Monday that it will restore 401(k) matches. But the wait is still a long way off: The matches don’t start until Jan. 1, 2011.

Investors being duped into pouring tens of millions of dollars into fake high-yield opportunities being touted all over the social mediascape.

The Municipal Securities Rulemaking Board is wrestling with how much it needs to increase its staff, technological capability, and funds to implement provisions of the new financial regulatory reform law that require it to make the most expansive changes since its creation in 1975.

The legislation by Rep. Scott Garrett, R-N.J., would establish a regulatory framework for covered bonds, including a regime to handle the failure of a bond issuer.

A new survey from Country Financial found that the number of Americans who think college is a good financial investment plunged to 64%, down 16 points from last year and 17 points from 2008.

As news "broke" Monday that BP [ BP ] CEO Tony "I want my life back" Haywood will step down in October, and news reports of the pervasive greed among the people in the Gulf Coast ... some questions are worth asking.

U.S Trust hired nine senior wealth management experts to their California, Arizona and Washington operations as part of their wealth management expansion efforts.