Portfolio

A new, unconventional mutual fund debuted last week that will invest in the scorching-hot private equity market.

Although there have been a smattering of articles about a reformation at Janus Capital appearing over the past few months, none has been as colorful or as compelling as one last week in Kiplinger's Personal Finance.

NEW YORK-Despite the near dizzying deluge of exchange-traded fund listings, investment advisers say they still want more. Yet while their appetite for more tactical, more specialized splices of indexes seems insatiable, experts warn that sponsors may have had their fill.

Looking at the cultural chasm between independent and wirehouse broker/dealers, the fast-growing fee-based separately managed account business seems, to date, to have stayed on the wirehouse side of the divide.

Although there have been a smattering of articles about a reformation at Janus Capital appearing over the past few months, none has been as colorful or as compelling as one last week in Kiplinger's Personal Finance.

Former Fidelity Lawyer Sues Firm Over Policies

Offshoring functions save companies millions of dollars a year, and as the practice matures, financial institutions are moving to the next stage of optimizing their offshoring operations, according to Deloitte & Touche's fourth "Global Financial Services Offshoring" report, based on interviews with 36 financial institutions in eight countries.

An intended class-action lawsuit filed in Illinois in mid-May has the potential to challenge how all state Treasury offices apply tax deductions for contributions to in-state, versus out-of-state, 529 college savings plans.

Score one for the mutual fund industry.

NEW YORK-Including exchange-traded funds in defined contribution platforms isn't just a good idea for plan sponsors, it's darn close to a fiduciary duty, said panelists at a recent ETF summit held here.