Portfolio

Traditional value has its fans Benjamin Graham for one but Evermore’s David Marcus says that approach can lead to a “value trap.”

Whitehouse plans to tax the “non-earned” income of high earners to pay for Medicare could hurt annuity sales, claims a lobbyist for the insurance industry.

Although women are just as optimistic as men about the stock market, women are much less confident about their investment decisions, according to a survey by MassMutual.

The International Organization of Securities Commissions, of which the U.S. Securities and Exchange Commission and the U.K. Financial Services Authority are members, starting in September will ask hedge funds to provide high-level, bi-annual snapshots of: their stock and bond holdings, geographic and underlying currency exposure, leverage levels, sales and redemptions, investor classifications, primary marketing channels, recent performance, and operations and technology details, including turnover, clearing mechanisms and risk measures.

Privately held Fidelity Investments 2009 annual report indicated a 5% increase in operating profit to $2.51 billion, up from $2.39 billion in 2008, excluding interest expenses and taxes.

Wyden, Gregg ­Address Munis

Privately held Fidelity Investments 2009 annual report indicated a 5% increase in operating profit to $2.51 billion, up from $2.39 billion in 2008, excluding interest expenses and taxes.

The International Organization of Securities Commissions, of which the U.S. Securities and Exchange Commission and the U.K. Financial Services Authority are members, starting in September will ask hedge funds to provide high-level, bi-annual snapshots of: their stock and bond holdings, geographic and underlying currency exposure, leverage levels, sales and redemptions, investor classifications, primary marketing channels, recent performance, and operations and technology details, including turnover, clearing mechanisms and risk measures.

AXA Equitable uncovered a dismal outlook for the economy and retirement in “Retirement in America: A Survey of Concerns and Expectations,” in which it polled both investors and economists and found a large percentage of both groups bearish on the economy and the markets.

Long-term mutual funds had positive sales for the 49th straight week, taking in $5.68 billion in the week ended Feb. 17, according to the Investment Company Institute. This brings sales over the last 11 months to a total of $476 billion.