Portfolio

In an effort to alleviate investor anxiety, fixed-income guru Bill Gross has taken over daily responsibility of four of Pacific Investment Management Co.’s close-end bond funds.

Jay Peroni had been a financial advisor for over seven years when a client asked him a question he could not answer: “Can I expect God to bless my investments if I’m investing in things that oppose his word?”

New York-based American International Group Inc. scored a victory in California Superior Court after a judge dismissed a lawsuit filed by a financial planner.

Corporate greed, moral hazard, lax oversight and foolhardy underwriting all contributed to the crisis in finance. Another factor, less useful for sloganeers but no less insidious, was the simple mispricing of risk.

The Securities and Exchange Commission is adjusting fees for some transactions as part of its requirement to keep collections stable.

Fidelity International has named Arne Lindman as president and CEO of its Asia Pacific operations.

Total assets of money market mutual funds continued their fall with a drop of $51.13 billion in the latest week to $3.269 trillion, according to the Investment Company Institute.

A growing number of employers are planning to incorporate annuities into their 401(k) plans as companies look for ways to provide workers with steady benefits in retirement, according to a survey by Watson Wyatt.

Regulators have agreed to delay plans to treat equity-indexed annuities like securities, but many bank-affiliated brokerages are already doing so.

The Securities and Exchange Commission has adopted rules that substantially increase protections for investors who turn their assets over to investment advisers, which hopefully will prevent another massive, Madoff-like Ponzi scheme.