-
Seventeen muni groups are urging members of Congress to reject President Obama's proposal to place a 28% cap on the value of tax-exempt interest, warning it will hurt the market and that its retroactivity will reverse nearly 100 years of legislative history.
February 16 -
BlackRock has launched seven iShares exchange-traded funds, including its first fixed-income ETFs to focus on specific industries and mortgage-backed securities.
February 16 -
DST Systems has designed a new program, Retirement Income Clearing Calculator (RICC), which will widely distribute retirement income products to sponsors and participants of defined contribution plans.
February 15 -
Investors poured an estimated $13.17 billion into equity, bond and hybrid mutual funds during the week ended Wednesday, Feb. 8, the largest weekly inflow this year.
February 15 -
Hedge fund manager and long-time gold bull John Paulson cut his gold ETF bullion holdings by about $600 million in the fourth quarter, a second straight reduction that was likely driven by client redemption needs as he remained upbeat on the metal.
February 15 -
Wave Management AG, the asset management unit of the German VHV insurance group with over 14bn in assets under management, has chosen SimCorp Dimension as its future investment management system
February 15 -
Citi has entered into an agreement with Credit Suisses Asset management division to provide a comprehensive suite of milled office, custody and hedge fund administration services to support part of its U.S.-based alternative investments business.
February 15 -
The U.S. economy may be growing. But confidence in it isn't, said economic futurist Jeff Thredgold.
February 15 -
Financial exchange operator TMX Group announced that its friendly offer to buy over 90% of the shares of Sydney-based Razor Risk Technologies Ltd. was accepted.
February 15 -