Portfolio

Balancing saving for college and retirement has grown increasingly difficult in the recent generation, according to a research paper from Putnam Investments. The paper, called “College or Retirement? How to Calance Two of Life’s Biggest Savings Goals,” indicates a variety of reasons for this dilemma concerning families throughout America.

In November of last year, the SEC proposed a rule to decrease the prospectuses of mutual fund firms to summaries of around three pages that could be accessed online, Mortgage Banking reports. According to a report produced by research firm Aite Group, if this rule takes effect, the financial service industry stands to save more than $65 million per year in printing and postage in addition to the rescue of over 42,000 trees annually.

Morningstar Builds Up Adviser Workstation

JPMorgan Chase has expanded its collateral management service for over-the-counter derivatives by adding automated reconciliation through the triResolve solution of Stockholm-based TriOptima.

Massachusetts Secretary of the Commonwealth William Gavin has charged UBS AG's UBS Securities, LLC and UBS Financial Services with fraud and dishonest conduct regarding the firms retail sales of auction-rate securities.

Lundquist Chosen as Head Of JPMorgan RIA Channel

In light of the crisis of confidence in rating agencies following the subprime crisis, the Securities and Exchange Commission will diminish the importance of money market fund managers' reliance on such agencies when investing in short-term debt.

Lately, many frustrated preferred investors have searched for an opportunity to cash in on the subprime crisis and move on. Responding directly to investor woes, several closed-end fund companies like Nuveen Investments and Eaton Vance have scrambled to offer investors a chance to redeem their auction-rate preferred securities.

NEW YORK - The freewheeling days for hedge funds may be numbered.

WASHINGTON - Volatile market conditions and the credit crisis have put the hard brakes on new hedge funds. The number of hedge funds launched in the first quarter was the lowest for a quarter since 2000, while fund liquidations increased from a year earlier.