Subject Root Tag

Despite concerns over the debt crisis in Europe and the growing debate over a second global recession, recent news on the domestic economic front has been “relatively decent,” according to Mark Luschini, chief investment strategist at Janney Montgomery Scott.

The Securities and Exchange Commission, the Federal Reserve and other regulators are not likely to adopt an emergency liquidity facility funded by fund sponsors to backstop money market funds, according to Gregory Johnson, CEO of Franklin Resources.

Clearinghouses, not regulators, should be responsible for imposing risk management practices on clearing brokers when it comes to monitoring their end customers, says the trade group representing futures commission merchants.

Investors withdrew $5 billion from U.S. stock and bond long-term funds in September, Strategic Insight reports.

Fidelity Information Services tops the rankings in 2011 of the largest financial technology vendors in the world, according to the eighth annual FinTech 100 survey compiled by IDC Financial Insights, American Banker and Bank Technology News.

Financial Tracking Technologies said its insider trading detection technology has been expanded to cover international markets.

The Hartford is taking part in the upcoming National Save for Retirement Week of Oct. 16 with the “It’s In Your Power Campaign,” based on superheroes.

Gemini Fund Services is expanding its portfolio, building out its Northern Lights Fund Trust I shared mutual fund trust with the addition of three new funds from Ascendant Advisors.

Having gone into bankruptcy, Financial Research Corp. is now being evaluated by Strategic Insight parent Asset International for potential purchase.

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.

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.

LPL Financial Retirement Partners has rolled out the next iteration of its portfolio of tools for retirement plan advisors working with plan sponsors.

Having gone into bankruptcy, Financial Research Corp. is now being evaluated by Strategic Insight parent Asset International for potential purchase. Asset International, however, is only interested in purchasing certain FRC research products: those covering 529 college savings plans, alternative investments, target-date funds, industry assets under management by company and distribution channel, sub-advised funds and its “Monitor” research.

The Consumer Reports Sentiment Index remained weak in October, dropping minimally to 47.6 from 48.8 the month before—but showed some glimmers of hope for the economy.

The Hartford is taking part in the upcoming National Save for Retirement Week of Oct. 16 with the “It’s In Your Power Campaign,” based on superheroes. The campaign, aimed at 1.4 million participations in 32,500 plans, shows two superheroes flying around on scooters, enjoying leisure time with friends and family and generally just enjoying being retired.

Advisor Software this week launched goalgamiPro, a web-based financial planning tool that lets advisors create and maintain multiple household balance sheets to help prioritize and access their clients’ long-term financial goals.

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.