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Investment managers around the world are cautiously optimistic about stocks in the coming year but more guarded about bonds, Towers Watson found in a survey of 98 managers with $13.3 trillion of assets under management. They foresee economic growth, albeit modestly.
February 17 -
When Mary Schapiro took office as chairman of the Securities and Exchange Commission last year, she faced a myriad of issues related to the financial crisis—and outlined a series of new regulations that, so far, have come up short, The Washington Post reports.
February 17 -
Transamerica Life Insurance Co. has enhanced the guaranteed minimum withdrawal benefit schedule for its Retirement Income Choice 1.2 and Retirement Income Choice 1.4 annuity riders. Each rider now pays one percentage more a year.
February 17 -
BlackRock isn’t satisfied with its December 2009 acquisition of Barclays Global Investors, according to a Daily Mail of London report. Now the $2.7 trillion investment giant is considering buying hedge fund manager of managers Man Group.
February 17 -
Charles Schwab is attracting a slew of new assets, and daily average trades are rising. New and established clients brought the company $6 billion of net new assets in January, according to its monthly market activity report. Total client assets rose 27% from a year earlier, to $1.401 trillion, but were down 2% from December because of difficult market conditions.
February 17 -
Tom O’Halloran, manager of the Lord Abbett Developing Growth Fund, a small-cap fund that has increased 43% over the past year and 5.5% over the past decade—putting it in the top 3% of its peers, believes technology stocks will lead a continued market rebound.
February 17 - Money Management Executive
F-Squared Investments has formed the AllWeather Advisory Board, a diverse group of industry professionals who will work to improve state-of-the-art retirement income solutions for investors and funding requirements for pensions, endowments and foundations.
February 17 -
JPMorgan’s five-year plan to boost its mutual fund business appears to be paying off, with the company attracting $26 billion in 2008, making it the third best-selling fund family for the year, excluding money market funds, behind Vanguard and PIMCO. In 2004, investors redeemed $1.6 billion from JPMorgan funds. Still, however, with $91 billion in assets under management, however, JPMorgan is now the 14th-largest fund company in the nation.
February 17 -
Average 401(k) balances ended 2009 at $64,200, rising 28% for the year and 5.7% in the fourth quarter, Fidelity reported Wednesday, citing the activity of its 11 million participants in more than 17,000 defined contribution plans.
February 17 -
To enable portfolio managers of its target-date funds to respond more nimbly to extreme market volatility, starting in April, AllianceBernstein will allow these funds to move up to 20% of their assets from equities and real estate investment trusts into bonds and cash.
February 17