Portfolio

Advisor Xi is Tamarac’s comprehensive suite of investment and technology solutions for RIAs. The $54 million deal gives Envestnet’s clients access to those services.

What terms will you need to get familiar with as clearing of what can be considered exchange-traded swaps starts up? Here’s one answer, in a gallery of key acronyms.

Here are acronyms you will need to keep track of as clearing of what can be considered exchange-traded swaps starts up.

Seventeen muni groups are urging members of Congress to reject President Obama's proposal to place a 28% cap on the value of tax-exempt interest, warning it will hurt the market and that its retroactivity will reverse nearly 100 years of legislative history.

The Dow Jones Industrial Average fell 97.33 points to finish at 12,780.95 Wednesday while the Nasdaq and S&P 500 lopped off 16 points and 7.27 points, respectively.

Investors poured an estimated $13.17 billion into equity, bond and hybrid mutual funds during the week ended Wednesday, Feb. 8, the largest weekly inflow this year.

Hedge fund manager and long-time gold bull John Paulson cut his gold ETF bullion holdings by about $600 million in the fourth quarter, a second straight reduction that was likely driven by client redemption needs as he remained upbeat on the metal.

F-Squared Investments, an investment firm and RIA, has named industry veteran Mark Marinella, a former executive vice president and Global CIO of State Street Global Advisors, as its new head of investments.

Wave Management AG, the asset management unit of the German VHV insurance group with over €14bn in assets under management, has chosen SimCorp Dimension as its future investment management system

Citi has entered into an agreement with Credit Suisse’s Asset management division to provide a comprehensive suite of milled office, custody and hedge fund administration services to support part of its U.S.-based alternative investments business.