Portfolio

OppenheimerFunds Retirement Services has produced a white paper to publicize its retirement assistance program designed to help 401(k) plan participants take advantage of their plans' benefits. The white paper focuses on the value of OppenheimerFunds' Tru(k)ourse, an enhancement to the firm's Pinnacle and Record(k)eeper Pro platforms. Tru(k)ourse is designed to help plan sponsors by combining automatic enrollment, automatic deferral increases and a Qualified Default Investment Alternative (QDIA).

Needles Now President at Touchstone Investments

Paulson Outlines Recapitalization For Banks, Thrifts

Few people know as much about mutual funds as Matthew P. Fink. For more than 40 years, Fink dedicated his career to serving the industry and its 88 million shareholders through his work for the Investment Company Institute, serving as its president from 1991 to 2004.

WASHINGTON - Despite signs of renewed strength in the credit markets, the Federal Reserve Board on Tuesday unveiled a new program to provide more liquidity to money market mutual funds.

JPMorgan Investor Services, PNC and Principal Financial take top honors in Money Management Executive's 2008 Fund Operations Awards. Now in its sixth year, the program honors industry leaders in three categories: Leadership, Innovation and Efficiencies/Streamlining.

HUNTINGTON BEACH, Calif. - Despite the recent daily thousand-point swings in the Dow Jones Industrial Average and the understandable uncertainty among investors, Individual Retirement Accounts and 401(k) plans still remain American's dominant and trusted retirement vehicles.

NEW YORK — J.P. Morgan Investor Services, PNC and Principal Financial have been honored with first-place for Leadership, Innovation and Efficiencies/Streamlining, respectively, in Money Management Executive’s 2008 Fund Operations Awards.

Of the 8,000 hedge funds in existence, as many as one-third will close their doors, Emmanuel Roman, head of GLG Partners predicted at a conference on hedge funds in London, Dow Jones Reports.

Following its $50 billion acquisition of Merrill Lynch, Bank of America plans to move the major part of its wealth management from Boston to New York, The Boston Globe reports. That means that BoA’s U.S. Trust private banking unit and Columbia Management mutual funds groups will also make the move.