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While corporations, consumers and governments are trying to get back on their feet following the global recession, continued volatility is pushing investors, especially high-net-worth investors, to pour their money into alternatives, which allow for broader diversification, said Gurinder Ahluwalia, president of Genworth Financial Wealth Management, at a media roundtable on diversification and new asset classes in New York City on Tuesday.
March 22 -
Charles Schwab has launched the Windhaven Portfolios, three broadly diversified separately managed accounts based on the assets and intellectual property of Windward Investment Management that Schwab acquired in November 2010.
March 22 -
Prudential Investments has launched two new real estate funds, the Prudential U.S. Real Estate and the Prudential International Real Estate funds, complementing the existing Prudential Global Real Estate and Prudential Real Assets funds.
March 22 -
Virtus Investment Partners has launched three new funds: the Virtus Allocator Premium AlphaSector, the Virtus Global Premium AlphaSector and the Virtus Global Commodities Stock funds.
March 22 -
The new offering will integrate absolute return funds that seek positive returns over a three-year period with less volatility than traditional asset classes.
March 22 -
Putnam Investments by midyear is planning to roll out three retirement income funds specifically designed for defined contribution plans, IRAs and other retirement accounts. The funds will be offered in conjunction with a planning tool to help both advisers and investors create a range of personalized income strategies.
March 22 -
A pair of Boston-area RIAs this week announced they will team up to provide a variety of advisory services to more than 2,000 high net worth clients holding more than $2 billion in assets after discount brokerage E-Trade agreed to sell Wellesley, Mass.-based Kobren Insight Management to Newton, Mass.-based Adviser Investment Management for an undisclosed amount.
March 22 -
LinkedIn is a powerful networking tool that can have a significant impact on your bottom line.
March 22
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Due to underachievement in certain areas, the head of its P&C arm receives partial payout, while AIG chief Benmosche receives complete bonus.
March 22 - Money Management Executive
Chris Perretta and a project team at State Street are putting in place an "infinitely scalable software mainframe."
March 22
