Portfolio

Despite ongoing litigation, less than stellar ratings and continued losses on structured finance products, MBIA Inc. managed to post positive net income last year.

529 college savings plans have attracted $100 billion in 11 million accounts, roughly a quarter of the money parents in the U.S. have set aside for their child’s education. But that’s far short of the hundreds of billions of dollars asset management firms expected them to attract.

At a luncheon, which honored 13 women for their work with New York charities, BofA's Sallie Krawcheck talked about her devotion to the scholarship fund she set up for her childhood prep school.

Total assets in exchange-traded funds fell 5.8%, or $45 billion, in January from a month earlier, according to monthly data from State Street.

Mutual funds brought in $377 billion in assets last year, while exchange-traded funds attracted $104.1 billion and separately managed accounts garnered $80 billion, according to Morningstar’s Fund Flows and Investment Trends 2009 Annual Report.

Hedge fund assets grew last year to $1.96 trillion, levels not seen since the pre-crisis days of 2007, according to Hennessee Group LLC, an adviser to hedge fund investors.

Mission statements are meant to develop a purpose for family wealth that all members can support.

Over the past decade, the firm's mission has remained the same: to help women build confidence and an open dialogue around financial responsibility and knowledge.

Investors recover their appetites on a steady diet of bonds and fixed income, but can you have too much of a good thing?

More than one in four, 28%, of wealthy Americans with at least $500,000 in investable assets and annual incomes of $150,000 or more have or plan to cut back on charitable giving due to the economic climate.