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Standard & Poors said the potential bill to U.S. taxpayers for bailing out Wall Street firms could grow to $400 billion, reports The Washington Times.
April 15 -
Russell Investments has launched LifePoints Funds, Target Distribution Strategies, a series of multi-manager funds designed specifically for the decumulation phase.
April 15 -
Samuel Israel III, the former Stamford, Conn., Bayou hedge fund manager who authorities found to have cheated investors out of $400 million, was sentenced to 20 years in prison by a federal judge, the Associated Press reported Monday.
April 14 -
Gen Xers are stressed out about the prospect of retirement, with only 31% of them believing they will be able to retire from the workforce.
April 14 -
Mike Henkel, the former president of Ibbotson Associates, has joined Envestnet as managing director of the firms new retirement services group.
April 14 -
Citigroup Inc. is building an advisory unit to focus on "emerging affluent" customers, or those with under $500,000 of investable assets.
April 14 -
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In times of market volatility, many people call their fund manager, their broker or their banker to find out what's going on and how they should adjust their portfolios. But fund executives say that the subprime crisis, so far, has not led to knee-jerk decisions.
April 14 -
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NEW YORK - Equity mutual funds were hit with "drastic declines" across-the-board in just about every sector and style in the first quarter of 2008.
April 14