-
Alex Widmer, CEO of Swiss bank Julius Baer, died unexpectedly Dec. 3 at the age of 52.
December 5 -
Investors continued to rush to the safety of cash this week, putting an additional $29.06 billion in money market mutual funds, for a total of $3.743 trillion, according to the Investment Company Institute.
December 5 -
Thrivent Financial is continuing its four-year-old partnership with Habitat for Humanity, pledging $24 million this year, which will help build 314 homes.
December 5 -
Seeing traffic on Yahoos finance website and Marketwatch.com burgeon, Fidelity Investments has decided to try its hand at financial news for itself, and is revamping its website as a result.
December 4 -
State Street Corp. is laying off 6% of its workforce, or 1,800 people, in the first quarter. Initially, the layoffs will cost the company as much as $350 million, or 51 cents to 55 cents a share, but that will then revert to $400 million in annual savings.
December 4 -
Contrary to widely held beliefs in the annuity and insurance industries that they are poised to cash in on the 78 million retiring Baby Boomers, a new report from Diversified Services Group finds that mutual funds are positioning themselves to do a better job of serving this market.
December 4 -
Neuberger Berman managers have bid for and won the right to buy the asset management business in a court-supervised sale, a source confirmed with Investment Dealers Digest.
December 4 -
Confidence among affluent and millionaire investors sunk further in November, according to Spectrem Group.The Spectrem Millionaire Investor Index fell 15 points in November, to an all-time low of 39.
December 4 -
The outlook for exchange-traded products (both funds and notes) is strong, according to a new report from SEI called Exchange-Traded Products: A Look Ahead. Over the past 10 years, assets in such products have grown from $16 billion to $487 billion, for an annual compound growth rate of 41%.
December 4 -
For all of the reports on dismal negative 20% declines in hedge funds this year, PerTrac Financial Solutions found that if the net is cast wider, sound performers can, indeed, be found.
December 4