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The sovereign debt crisis coupled with persistently high unemployment rates in the United States and continued fears over the 2008 financial meltdown has rocked investor confidence, so much so that investor mood has completely turned around in the past month.
July 13 -
JPMorgan Asset Management has named George Gatch, currently CEO of its mutual funds business, as the new head of investment management services for the U.S. and Canada. He is effectively replacing Eve Guernsey, who is retiring, the firm confirmed Monday.
July 13 -
Charles Boucher is leaving his post as chief information officer of the Securities and Exchange Commission, after 19 months.
July 13 -
The Morningstar 2010 Investment Conference in Chicago was chock-full of sessions on international investing, and the hallways were abuzz with talk of emerging markets. Yet some fund managers damped the excitement, saying that although emerging markets are hot, these investments will not be able to live up to expectations.
July 13 -
The hot topic in the media right now is actively managed exchange-traded funds. But given how relatively small the actively-managed ETF universe is compared to the overall ETF universe, this product has received an outsized amount of attention.
July 13 -
Demand for health savings accounts seems to be reviving after a long period of inertia that preceded the passage of health care reform.
July 13 -
Aon Corp. announced Monday it is buying Hewitt Associates for $4.9 billion, with the aim of creating the world’s leading “human capital solutions” company. The combined company will be called Aon Hewitt.
July 12 -
Hedge funds finished the volatile first half with modest declines. The HFRI Fund Weighted Composite Index lost 0.81% in June, more than offsetting the gains in the first five months of the year to leave the index down 0.18% for the first half of 2010.
July 12 -
Fiduciary Trust Co. International continued its aggressive hiring spree, adding Mary Davey and Lisa Marcus as senior relationship manager and business development officer, respectively.
July 12 -
The Securities and Exchange Commission is making risk disclosures one of its highest priorities, with the goal of doing a better job of regulating derivates, hedge funds and credit rating agencies.
July 12