Portfolio

ING Group, the Dutch-based financial services institution, said today that it has decided to sell the “majority” of its ING Real Estate Investment Management businesses in two separate transactions worth more than $1 billion.

The “Who Knew” campaign showcases the firm’s four- and five-star-rated funds.

The $3.7 trillion fiscal 2012 budget proposed by President Obama Monday would permanently reinstate an expanded Build America Bond program but at a lower 28% subsidy rate.

The date was October 13, 2008. One month after Lehman Brothers was left to twist quickly in the wind and die.

Asian hedge funds attracted $518 million in net new capital in the final three months of last year, according to Hedge Fund Research, Inc., making it the best quarter of the year for the industry.

The enhanced system will provide more than 30 data points on each bond, with performance information going back 10 years.

New survey finds tighter regulation, investment in new technology and enhanced marketing efforts have Canadian asset managers perched in the catbird's seat.

Exchange-traded funds are continuing to gain traction among Charles Schwab’s clients.ETF assets held by the firm’s clients climbed 34% in 2010, compared with 28% growth in the ETF industry overall, according to Schwab. The brokerage’s clients hold more than $111 billion in ETF assets.

Letting the net value of assets in a money market fund would "change the shape and form" of such funds -- and could create system risk, according to Maria F. Dwyer, the chief regulatory officer of MFS Investment Management.

Smaller Asian nations, namely Hong Kong, Singapore and South Korea, will lead global growth over the next year, asst management, private equity and hedge fund executives said in a survey conducted by RBC Capital Markets.