Portfolio

The Department of the Treasury is proposing legislation that would require all hedge funds and private capital pools with $30 million or more of assets under management to register with the Securities and Exchange Commission.

Sixty-four percent of the calls going to Financial Finesse, which provides financial counseling to employees, are about debt reduction and budgeting, whereas only 15% of the calls are about investing and retirement planning.

More investment managers expect corporate earnings to increase in the next three months, and a majority expect global gross domestic product growth to accelerate in the next six months, according to a survey conducted by Northern Trust Global Advisors.

Janus announced Tuesday that its chief executive officer, Gary Black, has resigned, and will be replaced with Tim Armour, a director, as acting CEO.

Automatic enrollment into 401(k) plans is having the greatest impact on younger, lower-income workers, Fidelity Investments reported Tuesday.

A full 49% of retirees are insecure about their financial future, up from only 20% who were afraid a year ago, a survey conducted by LIMRA, the Society of Actuaries and the International Foundation for Retirement Education found.

Nomura will acquire a 35% stake in LIC Mutual Fund Asset Management Co., a subsidiary of Life Insurance Corporation of India.

ProShares has introduced the nation’s first 130/30 exchange-traded fund, linked to the Credit Suisse 130/30 Large-Cap Index.

AQR Capital Management has launched three momentum indexes and mutual funds, the AQR Momentum Index, AQR Small Cap Momentum Index and AQR International Momentum Index. The three no-load mutual funds are the AQR Momentum Fund, AQR Small Cap Momentum Fund and AQR International Momentum Fund. Each requires a minimum investment of $5,000.

Financial advisers have sworn by asset allocation and diversification for years, but in the face of the market’s demise in 2008, some are rethinking that age-old wisdom, The Wall Street Journal reports.