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In a survey of 1,000 people, Putnam Investments found the majority expect the economy to rebound in 2010 but that they are still planning to save more in the New Year.

AQR Capital Management has launched the AQR Managed Futures Strategy Fund to appeal to investors’ and advisers’ increased interest in alternative investments in the wake of the Great Recession. AQR funded the no-load fund, available to retail and institutional investors, with $10 million in seed money.

Bob Doll, global chief investment officer for fundamental equities at BlackRock, said U.S. corporate earnings growth—fueled by productivity gains, expanding markets in the developing world, low inflation and a declining dollar—should jump about 20% this year. As a result, stock prices, as represented on the Standard & Poor’s 500, should rally another 12% from their Jan. 4 open of 1116.56, he said.

Vanguard will pay $300,000 to settle a lawsuit filed by the U.S. Equal Employment Opportunity Commission accusing it of racial bias against a black financial planning candidate and overall bias in its hiring practices.

Investors’ aversion to stock funds and wholesale embracing of exchange-traded, bond and go-anywhere funds in 2009 may not be an aberration but a true turning point in investor behavior, The Wall Street Journal reports.

Slow growth combined with large debts from the current crisis could set the stage for another crisis by the middle of the decade.

The merger, effective Jan. 1, boosts the assets under management of the Seattle-based firm to more than $1 billion.

Morningstar has announced its three Fund Managers of the Year for domestic stock, international stock and fixed income.

December saw the biggest number of wirehouse advisors changing firms since August.

The unit is expecting double-digit growth as it expands its array of investment products.

A two-year consent decree requires the company to provide more anti-discrimination training for managers and supervisors.

TCW Group and Huntington Funds have both launched emerging markets funds, the TCW Emerging Markets Equities Fund and the Huntington Global Select Markets Fund.

He was previously a partner in the financial services regulatory practice at PricewaterhouseCoopers, where is was also known for his expertise in corporate governance, enterprise risk management and regulatory compliance and ethics.

The American Bankers Association made a pitch Tuesday to the Senate Banking Committee on its wish list for regulatory reform legislation, highlighting its opposition to a separate consumer agency for banks, efforts to gut federal preemption of state standards and taxing large institutions in advance for resolution costs.

The TCW Group Inc., an international asset management firm, has voluntarily withdrawn its UST/TCW Senior Mortgage Securities Fund LP from the Treasury's Public-Private Investment Program.

The banking industry is entering 2010 in better shape than last year, but much rebuilding remains to be done.

WASHINGTON — With rock-bottom interest rates expected to begin rising soon, regulators and industry representatives are increasingly concerned about institutions' ability to weather a boomerang effect on their funding costs.

Lower-producing UBS advisors have been given six months to boost their production.

The Securities and Exchange Commission has named Carlo V. di Florio director of the Office of Compliance Inspections and Examinations. He was previously a partner in the financial services regulatory practice at PricewaterhouseCoopers, where he was also known for his expertise in corporate governance, enterprise risk management and regulatory compliance and ethics.

The Wealth Hazards Worry Index now indicates that the number of people who believe the U.S. economy could enter another recession in 2010 now stands at 40%. Only 28% are confident a recession will not reoccur in 2010.