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Last year was a record year for breakaway brokers and this year could be even stronger, according to an executive at Fidelity Investments.
January 19 -
New York Life Insurance has committed $100,000 in donations to the American Red Cross Disaster Relief Fund for Haiti and has pledged $150,000 in matching contributions to this and other charities serving Haiti made by both employees and agents, for a potential total donation of $400,000.
January 19 -
BrightScope is offering a Personal 401(k) Fee Report that will permit investors to sign up for free to see fees on 30,000 plans, how they compare to fees on comparable funds and how much money they would gain or give up over the remaining course of their working years.
January 19 -
The Managed Funds Association has formed an alliance with the Connecticut Hedge Fund Association whereby the MFA hopes to further unify and strengthen the hedge fund industry.
January 19 -
Despite the fact investors are more conservative after getting slammed by the recession, advisers and their clients are optimistic about the year ahead, with advisers looking to grow their business and improve their use of technology.
January 19 - Money Management Executive
Man Group reported that its total assets under management in the fiscal third quarter ended Dec. 31 fell 4% from $44 billion to $42.4 billion, as a result of $1.5 billion in redemptions and investment losses of $1.2 billion.
January 19 -
If the emerging absolute-return exchange-traded funds succeed in delivering outsized returns at low cost, the one-two punch to the traditional mutual fund industry could gain steam, The Wall Street Journal reports.
January 19 -
The time has come for mutual funds and other institutional investors to vote their proxies in favor of individual investors and truly exert their fiduciary duty, John Bogle, founder and former chief executive officer of Vanguard, writes in a Wall Street Journal editorial titled, “Restoring Faith in Financial Markets.”
January 19 -
Hedge funds had their best year last year since 1999, according to the Hennessee Group. The Hennessee Hedge Fund Index gained 24.6% in 2009. Equity indices also gained in 2009, with the S&P 500 up 24.7%, the Dow Jones Industrial Average up 18.8%, and the Nasdaq Composite Index gaining 43.9%. In 1999, the Hennessee Hedge Fund Index was up 30.78%.
January 18 -