Portfolio

When it comes to making investment decisions, the wealthy “seem very self confident and will turn to their peers before turning to advisers,” according to the Knight Frank/Citi Private Bank’s Global Wealth Report 2010.

WASHINGTON — President Obama's successful fight to pass healthcare reform has given a bill to revamp the financial system a dramatic boost, lawmakers from both parties said Wednesday.

ING Solutions Funds Portfolio Manager Paul Zemsky has been bullish about the economy since the second quarter of last year and he expects strong growth to continue.

Hedge funds were up just slightly in February, mostly in line with global markets. But is the lack of skyrocketing returns making investors increasingly averse to these high-fee funds?

Pending hedge fund regulations in the European Union are “protectionist [and] discriminate against U.S. firms and activities,” Sen. Charles Schumer (D-N.Y.) said in a letter to Treasury Secretary Timothy Geithner.

Timing of Senate Action Is Unclear

Pending hedge fund regulations in the European Union are “protectionist [and] discriminate against U.S. firms and activities,” Sen. Charles Schumer (D-N.Y.) said in a letter to Treasury Secretary Timothy Geithner.

Sixty-one percent of leading mutual fund companies are taking advantage of the provision in the 2010 Tax Increase Prevention and Reconciliation Act that allows investors to convert a traditional IRA to a Roth, by proactively educating investors, a Corporate Insight analysis found.

Bullish sentiment toward equities has shifted from Europe to America and Japan, according to a BoA Merrill Lynch fund manager survey.

HSBC Global Asset Management is planning a UCITS III European absolute-return fund, the HSBC GIF European Alpha Equity Fund, scheduled to debut next month. The fund will use both quantitative and qualitative factors in a market-neutral strategy to invest in stocks, equity swaps and short positions in developed European nations.