Portfolio

AXA Equitable has introduced the Retirement Cornerstone annuity, a dual-track product that offers exposure to both aggressive growth and investment protect.

With asset managers continuing to slice and dice the investment landscape by introducing niche products, Lazard Asset Management LLC announced Tuesday that it launched an actively managed mutual fund that focuses on infrastructure companies.

The tax preparation company agreed to pay as much as $20.2 million to customers that bought its Express IRAs.

Long-term mutual funds took in $12.25 billion in the week ended Dec. 23, bringing the sales streak to 41 weeks and a total of $413 billion, according to the Investment Company Institute.

With investors pouring money into emerging markets many are forgetting that along with potentially stellar returns are enormous risks that can slam investors’ wallets.

After a strong 2009, the company hopes to leap into the top five by the end of 2011.

A number of executives at Saturna Capital donated their holiday bonuses to charities, the second year in a row they did so.

After years of adding innumerable bells and whistles to annuities to attract investors, insurance carriers have begun to prune their offerings—not just to simplify them but to reduce their indemnification, The Wall Street Journal reports.

Third Avenue Management announced Monday that Martin Whitman, one of the company’s co-founder, has stepped down from his role as co-CIO.

A number of executives at Saturna Capital donated their holiday bonuses to charities, the second year in a row they did so.