Special Program Root Tag

JPMorgan Chase executives have been deposed and thousands of pages of internal documents subpoenaed as part of an SEC investigation into whether senior asset-management executives at the bank developed a policy of improperly steering clients into investments for JPMorgan's own financial gain, according to people familiar with the investigation.

The news that Mohamed El-Erian has his portfolio largely in cash has many investors wondering if they should follow suit. But what may make sense for a mega- millionaire’s portfolio isn’t necessarily a good move for people with much more modest portfolios.

Neuberger Berman, the employee-owned money manager that oversees $250 billion in client assets, named MetLife Chief Executive Officer Steven Kandarian to its board.

Placing the opportunity for ordinary investors to invest in hot pre-IPO companies in a fund required SharesPost to first answer a question: how exactly would the fund be structured?

BlackRock, the world’s largest asset manager, said it would change its lineup of money-market mutual funds to make them comply with new federal regulations.

Retirement product providers say that they continue to struggle with reluctant employers and misinformed employees about the benefits of their offerings.

Redemptions at Pimco's biggest mutual fund slowed for the third straight month as performance rebounded this year.

ETFs are not only for the retail investor looking to make investments on the cheap; product providers and researchers report institutions are increasingly driving ETF inflows by adding them to portfolios.

The most dangerous time for the Treasury market this month will be when the U.S. issues employment data on Friday, if February and March are any guide.

While market trends indicate an attractive environment for new entrants in the ETF space, fund managers need to make sure they are prepared from an operational standpoint.

The SEC furthered its investigation into whether senior asset-management executives at JPMorgan Chase developed a policy of improperly steering clients into investments for the firm’s own financial gain.

Ronald O’Hanley, who stepped down last year as head of Fidelity Investment’s asset management business, is set to run State Street Corp.’s $2.45 trillion investment arm.

With the inclusion of data analytics, wholesaler compensation can be adjusted to put more attention on asset retention, says Matthew Fronczke, a director of research at kasina.

The demands of Baby Boomers nearing retirement have pushed product providers to market their offerings as not just investments, but also financial wellness tools to manage retirees' lives.

The Japanese unit of Massachusetts Mutual Life Insurance sold six times more bonds this year, shoring up capital as customers bought foreign currency policies amid a weakening yen.

This week's roundup of notable industry news includes how fear over Fed interest rate hikes spurred investors to withdraw billions from bond ETFs this month.

Fischer said regulators must be attuned to the growth and evolution of the asset management industry after funds “that track the returns of indexes of relatively illiquid assets have mushroomed in size.”

BlackRock endorsed stress tests of mutual funds and reiterated its view that individual asset managers don’t pose a risk to the financial system.

Howard Marks said the impact on liquidity of ETFs, liquid alternatives and new rules designed to stop banks from trading with their own money has yet to be tested.

A paradigm shift in operational strategy and approaches to managing data is needed that can only be put in motion by leaders with the imagination to believe that we really can deliver data to investors in real-time.