Fund performance

Speaker of the House Nancy Pelosi earned a government salary of $212,100 last year, which made her the highest paid official in Congress by $47,000, according to the Associated Press.Not too shabby for civic duty.However, when one also considers the combined incomes of spouses, other investments, and overall assets, things suddenly become financially astronomical.

In pursuit of new investments, developed countries are turning their focus towards the booming economies of frontier nations, The Wall Street Journal reports. Fast-developing countries throughout Africa, Central and Eastern Europe and the Middle East are averaging annual growth rates five times that of developed nations.

Peter Suhr Joins CFG As Enterprise EVP

Fidelity Investments is having one of its weakest first five months in recent history. Only 39% of Fidelity's equity funds are in the company of the top half of their peers, whereas 64% were a year ago, according to Morningstar.

When News Corp. Chairman and CEO Rupert Murdoch speaks, we in the financial publishing world listen, just as fund managers hang on words from Warren Buffett, Bill Gross or Peter Lynch.

Japan’s domestic asset management reports are not disclosing the way they vote on various resolutions brought up at annual shareholders meetings, according to the Nikkei Report. That disclosure could significantly improve corporate governance.

Charles Schwab has announced that the Charles Schwab Trust Company (CSTC) will offer target-date collective trust funds for retirement plans.

Below-average results are really starting to hurt investors, but new research by Rik Frehen, a Dutch finance scholar, suggests that mutual funds are not bound to under perform or be overshadowed by pension funds. The trick is to not follow the trends of buying and selling based on short-term emotions, but instead to be patient and think more about the long term.

Total assets of money market mutual funds fell by $5.51 billion to $3.515 trillion for the week ending June 11, according to the Investment Company Institute.

Financial services firms continue to battle against one another for wealth management talent even though companies are forced to pay hefty salaries that crimp profits.

Fidelity Investments is having one of its weakest first five months in recent history. Only 39% of Fidelity’s equity funds are in the company of the top half of their peers, whereas 64% were a year ago, according to Morningstar, The Wall Street Journal reports.

NEW YORK – Timothy Geithner, president and CEO of the Federal Reserve Bank of New York, called for substantial reforms to the structure of the regulatory system of the U.S.

While Morningstar certainly has carved out its niche and made a name for itself arming individual investors with mutual fund data and insight, the company plans to increase its focus on financial advisers and institutions, or the “pros” eager to pay for quality research. That’s according to an interview with Morningstar CEO Joe Mansueto in this week’s issue of BusinessWeek.

David Glaser, co-head of investment banking at Bear Stearns, is the latest of several of his former colleagues to join Bank of America.

Hedge funds may be coming off their worst first quarter in history, including, surprisingly enough, a poor showing in the energy sector, but not everyone is doing poorly.

NEW YORK - Days before the European Union celebrated the 10th anniversary of the Euro last week, Dechert LLP held a widely popular seminar here on the how-to's of Undertakings for Collective Investment Trusts, or UCITS, which have been growing at a rapid pace not only on the Continent, but also in Latin America, Asia and the Middle East.

NEW YORK - Although the summer has only just begun, it was "Back to School" last week here at a State Street Global Advisors (SSgA) seminar for financial advisers, on the finer points of exchange-traded funds.

NEW YORK - As the turbulent economy begins to calm down, investors will likely gravitate toward index-based, middle-of-the-road mutual funds, opening the door for opportunists to sweep up bargains, industry experts say. And the safer, the better.

As Citigroup looks to restore confidence and drive up its profits, rumors are circulating that the financial giant has received the first round of bids for its mutual fund and insurance sales unit, Primerica Financial Services.

Money market mutual funds assets rose by $18.06 billion to $3.520 trillion for the week ending June 5, according to the Investment Company Institute.