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Fidelity Investments said it helped a record 191 broker teams go independent last year and one of its executives expects an even stronger 2010.
January 19 -
As earnings season gets into full swing, the market hits a wall of worry comments from JP Morgan, Gluskin Sheff, T. Rowe Price. Plus: the weeks most important numbers.
January 19 -
The company attracted $9 billion in net new assets in its fiscal first quarter as both retail investors and registered investment advisors increased their investments.
January 19 -
Despite the fact investors are more conservative after getting slammed by the recession, advisers and their clients are optimistic about the year ahead, with advisers looking to grow their business and improve their use of technology.
January 19 -
If the emerging absolute-return exchange-traded funds succeed in delivering outsized returns at low cost, the one-two punch to the traditional mutual fund industry could gain steam, The Wall Street Journal reports.
January 19 -
The time has come for mutual funds and other institutional investors to vote their proxies in favor of individual investors and truly exert their fiduciary duty, John Bogle, founder and former chief executive officer of Vanguard, writes in a Wall Street Journal editorial titled, “Restoring Faith in Financial Markets.”
January 19 -
In an effort to accelerate the development of its activities in emerging countries, notably Central and Eastern Europe, AXA acquired Omniasig Life. Created in 1997, Omniasig Life sells protection products, representing premiums of Euro 12 million in 2008, through a network of 1,400 agents, of which a quarter is proprietary channel.
January 19 -
The American Securitization Forum and the Securities Industry and Financial Markets Association have ended their six-year relationship.
January 19 -
Hedge funds had their best year last year since 1999, according to the Hennessee Group. The Hennessee Hedge Fund Index gained 24.6% in 2009. Equity indices also gained in 2009, with the S&P 500 up 24.7%, the Dow Jones Industrial Average up 18.8%, and the Nasdaq Composite Index gaining 43.9%. In 1999, the Hennessee Hedge Fund Index was up 30.78%.
January 18 -