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Morningstar has unveiled new research and ratings for the 3,000 mutual funds offered in Europe and Asia. With this new service, Morningstar is now offering written analysis on more than 5,000 funds. Worldwide, Morningstar tracks performance and operational data on 110,000 funds globally.
February 4 -
The Federal Reserve is extending a number of liquidity programs set to end on April 30 through Oct. 30 in light of continuing substantial strains in financial markets.
February 3 -
Fifty-five percent of the hedge funds in the U.S. are registered with the Securities and Exchange Commission, according to Hedge Fund Research.
February 3 -
Vanguard is entering the UK mutual fund business for the first time and has chosen Tom Rampulla, director of sales for Vanguard Advisor Services in the U.S. to head up the unit, since it will initially focus on selling through financial advisers.
February 3 -
The New Jersey Bureau of Securities has barred three former Merrill Lynch brokers for allegedly enabling Millennium Partners to place more than 25,000 market-timing trades. Further, the threeChristopher Chung, Kevin Brunnock and William Savino must pay $1.15 million in civil penalties.
February 3 -
Mutual fund prospectus provider NewRiver is suing Morningstar for using Internet espionage to steal information from its patent-protected system.
February 2 -
Charles Schwab Corp. said it plans to cut 500 to 600 jobs this quarter in its effort to contain costs.
February 2 -
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With other safe investments paying so little these days, it's hard to ignore the glowing rates that some insurance companies are guaranteeing on long-term fixed deferred annuities.
February 2 -
Remember when markets were rising, profits were strong and fund distribution was all about having a large wholesaling staff, generous compensation programs to incent wholesalers and support staff to track sales and calculate payouts?
February 2