- Money Management Executive
Fidelity announced Monday that the interactive “maze” advertisement it created for an advertisement on The Wall Street Journal iPad application has been viewed by more than 180,000 people since it launched on Oct. 22.
November 29 -
Capgemini has acquired IT firm Thesys Technologies Private Ltd. of India. Terms of the deal were not released.
November 29 -
Chinese regulators have approved the first mutual fund to invest in gold, as inflation fears stemming from loose monetary policies in the U.S. are driving interest in the commodity.
November 29 - Money Management Executive
The algorithm has come to research. Fund management firms are quickly embracing a growing set of automated tools to manage and evaluate research on potential investments.
November 29 -
The Securities and Exchange Commission, Federal Bureau of Investigation and the office of Manhattan U.S. Attorney Preet Bharara are readying insider-trading charges against numerous financial professionals.
November 29 -
John C. Bogle is a titan of the mutual fund industry, identified most closely with steadfastly promoting the investing principles of slow and steady growth and truthful financial reporting.
November 29 -
A principal aim of the impending cost basis reporting law is to enable the IRS to capture lost tax revenues due to inaccurate or underreported filings. Brokers and custodians are now scrambling to ensure their accounting systems will be compliant with the regulations, expected to take effect Jan. 1, 2011. However, the law will impact firms in other ways they may not yet realize.
November 29 -
John C. Bogle, founder and former chairman and CEO of Vanguard, has received many awards in his lifetime. In 1999, Fortune designated him one of the investment industry's four "Giants of the 20th Century." Princeton University honored Bogle with the Woodrow Wilson Award for "distinguished achievement in the nation's service." In 2004, Time named Bogle one of the world's 100 most powerful and influential people.
November 29 -
James F. Mullery, a 22-year veteran of the financial services industry, has joined Security Benefit as a corporate senior vice president and president for the company's Personal Retirement Savings initiative set to launch in early 2011.
November 29 -
1774-Adriaan van Ketwih creates investment trust for investors limited capital in Netherlands called Eendragt Maakt Magt ("unity creates strength.")
November 29 - Money Management Executive
Vanguard Groupdoes not avoid head-to-head competition. In fact, it encourages it.
November 29 -
The Build America Bond program is likely to be extended for one year at something less than its current 35% federal interest cost subsidy level, due to the dynamics shaping up around the tax-cut extension Congress will consider when it returns after Thanksgiving.
November 24 -
Janus said Tuesday it has been subpoenaed in the federal investigation into insider trading by “executive networks,” hedge funds and mutual funds. A day earlier, the FBI raided the offices of three hedge funds in Connecticut and Massachusetts.
November 24 -
Cutler Capital Management has launched the Cutler Absolute Return Fund, which aims to provide institutional investors with positive returns, regardless of the market direction.
November 24 -
As it readies for a massive pruning of its mutual fund family, Columbia Management Investment Advisers is promising a stronger, more affordable lineup.
November 24 -
Broadridge Financial Solutions agreed to acquire Matrix Financial Solutions, a provider of retirement products and services for investment administrators, financial advisoers, banks and wealth management professionals.
November 24 -
Prudential Retirement has added the stable value Prudential Protection Account to its suite of institutional 401(k) retirement solutions. The account guarantees up to $250,000 of principal and accrued interest through the Federal Deposit Insurance Corp.
November 23 -
Legg Mason announced Tuesday it has formed the Legg Mason Retirement Advisory Council, comprised of 14 industry leaders who will meet quarterly to discuss major challenges facing retirement products, service provides and best practices.
November 23 -
A survey of affluent investors by research firm TNS shows that the TNS Investor Confidence Index rose to 116 in October, its highest level since hitting 129 in 2007. Its lowest point was 81 in October 2008.
November 23 -
Fidelity Investments announced Tuesday that since it introduced its Fidelity Rewards Card in 2003, which gives back 2% of purchases in cash for investment accounts, customers have earned $300 million. Customers may apply this money to 529 college savings plans, brokerage or retirement accounts.
November 23