Portfolio

The class-action lawsuit initiated by Third Avenue Management against the Reserve Primary Fund is only just beginning and will undoubtedly make for salacious headlines in the months ahead.

State Street Corp., known for its passive asset management, may soon expand its small active management business.

Vanguard has launched eight index mutual funds and nine exchange-traded funds based on Standard & Poor's domestic stock benchmarks.

Allianz Alternative Asset Management has offered fund of hedge funds since 1981. The company’s funds are expected to compliment Nexar’s fund of hedge funds group, which is primarily located in New York.

Invesco PowerShares has launched four specialized ETFs, one on REITs, based on exclusive rights to indexes from Keefe Bruyette & Woods.

The Securities and Exchange Commission Friday approved the expansion of its post-Flash Crash circuit breaker program to include all stocks in the Russell 1000 Index and a test group of exchange-traded funds.

Invesco PowerShares has contracted for exclusive rights to four Keefe Bruyette & Woods indexes to offer specialized exchange-traded funds in real estate, financial services and property and casualty insurance.

While fees and transparency are still topics of concern for institutional investors, a new study claims that there has been shift in uneasiness toward the alternatives vehicle, with many enlisting some of their trust back into hedge funds.

The firm is the latest in a string of high-profile financial services firms to adopt the term, all in an effort to take excellent care of their customers and distinguish themselves from competitors.

Douglas Lee Campbell, a former senior vice president and marketer in Bank of America’s municipal derivatives group, pleaded guilty Thursday to three criminal counts for engaging in bid-rigging and fraud conspiracies connected with guaranteed investment contract and other municipal finance agreements.