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In response to the Securities and Exchange Commissions charges that it spent more than $600,000 on improper gifts and entertainment for Fidelity Investments traders, Lazard Capital Markets is paying $2.8 million to settle the charges.
November 3 -
Bear market fund investors have struck it rich, with the best-performing such fund, the Rydex Inverse Nasdaq 100 Fund, up 107% over the past 12 months, businessworld.com reports. Year-to-date, the fund is up 88.7%, and in the past month alone, 16.6%.
November 3 -
While asset flows have continued at a steady clip for exchange-traded fundsthe funds have taken in $100 billion so far this yearwidespread declines in the values of all asset classes have siphoned about 30% of ETF assets, leaving a net of $440 billion in 716 ETFs, Dow Jones reports.
November 3 -
We have plenty of cash and investments on our balance sheet. I think we are in a good position to make acquisitions. That was a recent remark by Morningstar CEO Joe Mansueto to Reuters. Morningstar has $309.6 million in cash and investments on its balance sheet.
November 3 -
Vanguard has reopened the $1.5 billion Vanguard International Explorer Fund, which closed in 2004, and the $3 billion Vanguard Precious Metals and Mining Fund, which closed in 2004. The minimum required initial investment in the international fund is $25,000, and the minimum initial investment in the metals fund is $10,000.
November 3 -
Adviser confidence in the economy and stock market sank this month for the second consecutive month, according to Rydex AdvisorBenchmarking, a division of Rydex Investments.
November 3 -
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NEW YORK - The fragmented, free-for-all liquidity in the marketplace is aggravating the extreme volatility in the stock market, and experts say a more organized, specialized system is needed.
November 3 -
With the stock market down 40% in the past year, many investors are reassessing their investments. Many, in fact, are bailing out of equity mutual funds, vowing never to return.
November 3 -