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After graduating from Boston College in 1971, John V. Murphy began his career at Arthur Andersen & Co.
March 23 -
It's counterintuitive-wealth managers are ratcheting up the price and providing lower returns on variable annuities. Some providers have doubled prices in the past six months, and more changes are expected.
March 23 -
Mutual funds have been able to thrive for the past 85 years thanks to their ability to adapt to changing markets and help investors stay diversified during good times and bad.
March 23 -
Investors seeking safety and stability have recently been moving massive amounts of their assets into money market mutual funds, causing the funds to swell to nearly $4 trillion and making them the single largest mutual fund asset class, according to the Investment Company Institute.
March 23 -
State Street Corp. has introduced a new automated service to help fund companies lower their operating costs. Linked to the firms global accounting and fund administration systems, it automates manual or partially automated accounting processes in the back office.
March 19 -
Financial advisers proved their worth in the second half of 2008, with their clients' average returns 16 percentage points higher than the S&P 500, Fidelity found in a survey of 300 investors and 200 advisers.
March 19 -
Fifteen percent, or 778 hedge funds, closed in the final quarter of 2008, directly due to the financial markets meltdown, according to Hedge Fund Research. That topped the previous record for quarterly closings, which occurred in the third quarter of 2008 when 344 hedge funds shut down.
March 19 -
IndexIQ has submitted filings to roll out five exchange-traded funds, each of which will track indexes created by IndexIQ subsidiary Financial Development HoldCo LLC.
March 19