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The Investment Company Institute has named Dean R. Sackett III and Donald C. Auerbach as leaders of its government affairs staff.
March 12 -
While they have been testing the social networking waters sporadically for as long as the past two years, fund companies are increasingly turning to social networks to communicate with investors.
March 12 -
Fidelity Investments is treating investors unease with the markets as an opportunity to help them revisit their retirement goals, risk tolerance, household budget and preparedness for job loss, by holding 500 seminars around the nation, offering online tools and running ads.
March 11 -
The financial crisis has taken a serious toll on millionaires, with their ranks falling 27% in 2008 from 9.2 million at the beginning of the year to 6.7 million by year-end, Spectrem Group found. That brings the total down to 2003 levels, when there were 6.2 million millionaires in the nation.
March 11 -
Unlike his predecessor, Paul Volcker, the current chairman of the Federal Reserve doesnt believe money market funds should be regulated like banks, with reserve requirements and mandatory insurance.
March 11 -
Last year, the U.S. Court of Appeals for the Seventh Circuit ruled that a case three investors in Oakmark Funds had brought over what they alleged to be excessive fees failed to meet the burden of proof, setting an important precedent that protected fund firms against such cases.
March 10 -
Citis transfer agent business has been awarded five stars by National Quality Review. Servicing 10 million shareholder accounts, it is one of the largest transfer agent providers in North America. National Quality Review bases its ratings on real customer inquiries.
March 10 -
After reaching a peak of $1 trillion last June, hedge funds-of-funds took in $300 billion in redemptions, or a 30% decline, Investhedge said. Today, hedge funds-of-funds have $744 billion in assets.
March 10 -
Despite the plummeting economy, most 401(k) participants are staying calm and behaving normally, according to 2008 year-end data from the Investment Company Institute.
March 9 -
Approximately 37% of investors are participating in target-date funds when their employer offers one, according to the Employee Benefit Research Institute.
March 9