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Hedge funds took in $6.1 billion in net new flows in August, marking the seventh month of inflows since January, according to BarclayHedge and TrimTabs Investment Research. For the first eight months of the year, hedge funds have seen $51 billion in inflows.

Citigroup is adopting a managed service from Fidessa Group for tracking orders and executing trades globally in listed derivatives.

Financial services professionals and firms need to do a better job of implementing globally accepted international standards for financial reporting, according to a new report from a task force led by the International Federation of Accountants.

Municipal bonds are at some of their cheapest levels, relative to Treasuries, in market history. The problem is, most muni buyers don’t care.

While the Standard & Poor’s 500 Index fell 14.3% in the third quarter, many mutual fund categories performed worse, according to Lipper.

In the wake of economic and stock market volatility, many 401(k) investors are questioning the wisdom of 401(k), 403(b) and 457 plans, a survey by Allianz Life Insurance Company finds.

Automatic enrollment greatly increases participation in 401(k) plans for all racial and ethnic groups, with particular success for blacks and Hispanics, even among low earners, Vanguard research shows.

Bank of America Merrill Lynch has unveiled a new set of features for its 401(k) and employee financial benefit programs including new mobile access to retirement account information.

Soon after the tragic news of Steve Jobs' death broke, people began wondering what would become of the Apple co-founder and innovator extraordinaire's fortune. Forbes recently estimated Jobs’ wealth at $7 billion. According to legacy expert attorneys Andy and Danielle Mayoras, it appears Jobs had his estate planning act together.

Automatic enrollment greatly increases participation in 401(k) plans for all racial and ethnic groups, with particular success for Blacks and Hispanics, even among low earners, Vanguard research shows.