Subject Root Tag

Argues it wasn't the only money market fund to break the buck.only

The municipal market sold off Friday, heading into the three-day Labor Day weekend with a third consecutive session of rising yields after weeks of historic firmness.

Investors continue to stuff cash into municipal bond mutual funds, exacerbating a supply-demand imbalance that has kept yields on tax-exempt bonds near historic lows.

Though Democrats scored a big political victory in passing regulatory reform, many are already paying for it as the financial services industry directs more of its contributions toward Republicans and moderates who tried to pare back the revamp.

Reserve Funds filed with the U.S. District Court for the Southern District of New York Friday to dismiss a class-action lawsuit originated by Third Avenue Managment over the Reserve Primary Fund. The Third Avenue Institutional Value Fund LP opposed the motion to dismiss on the grounds that Reserve misled investors into believing its once $62 billion Primary Fund was safe despite its $785 million exposure to Lehman Brothers paper.

Fidelity Investments has enhanced its custodial platform, WealthCentral, for registered investment advisors, so that it is now possible to create block orders from the portfolio modeling and rebalancing tool, as well as conduct searches more effectively.

John Harris wants the Securities and Exchange Commission to die. And the Texas native told it so, in no uncertain words, in a comment letter on August 12.

In its ongoing effort to expand its middle-market defined contribution and defined benefit business, The Hartford has hired Denise Diana as VP, retirement plans mid-market.

Buy-side firms and other market players want to expand the scope of transaction reporting to comply with European legislation on best execution to over-the-counter derivatives and introduce position reporting for OTC derivatives as well.

In the past few years, a series of converging trends have combined to place hedge funds, separately managed accounts and private banks under greater pressure than ever before. First, firms whose clients include high- and ultra-high-net-worth individuals face a never-ending battle to hold innovative, well-financed competitors at bay. At the same time, internal management continually seeks techniques to boost the productivity of relationship managers while struggling to implement sophisticated, faster trading and processing systems.

WASHINGTON - A National Bureau of Economic Research study has concluded that while Build AmericaBonds have succeeded in their mission to lower financing costs for state and local governments, traditional tax-exempt bonds still offer more enticing after-tax yields to individual investors.

The Securities and Exchange Commission has given money market funds a reprieve from following an amendment to money market fund regulations requiring them to approve of the credit rating agencies they must use to determine whether a security is eligible for investment.

Frances A. McMorris, On Wall Street’s editor-in-chief, continues her new blog with a closer look at the comments streaming in to the SEC regarding a new fiduciary standard

Martin McLaughlin Sr. and Martin McLaughlin Jr. joined the Westport office of UBS Wealth Management Americas.

New report by Allianz says U.S. pension market is expected to see slower growth.

So will we have inflation or deflation in the next 12 months? I can say with some authority: Yeah, probably.

A closer look at the comments streaming in to the SEC regarding a new fiduciary standard.

Can dollar-cost averaging help investors and advisors find the best stock bargains?

Things look up for the bank channel after a challenging few years.

Pinnacle Capital Markets has once again has been slapped with a fine for inadequate anti-money laundering and customer identification procedures involving foreign investors using its direct market access system.