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The International Organization of Securities Commissions, of which the U.S. Securities and Exchange Commission and the U.K. Financial Services Authority are members, starting in September will ask hedge funds to provide high-level, bi-annual snapshots of: their stock and bond holdings, geographic and underlying currency exposure, leverage levels, sales and redemptions, investor classifications, primary marketing channels, recent performance, and operations and technology details, including turnover, clearing mechanisms and risk measures.
February 26 -
Privately held Fidelity Investments 2009 annual report indicated a 5% increase in operating profit to $2.51 billion, up from $2.39 billion in 2008, excluding interest expenses and taxes.
February 26 -
More than 800 exchange-traded funds trade daily in the United States. How can advisors choose? Two experts reveal what advisors need to know to successfully use these products.
February 25 -
Ask a broker why 12b-1 fees exist and youll get a variety of answers. The SEC's chairman said there should be greater transparency around the fees, which could be as high as 1%.
February 25 -
The Baltimore fund company is considering fixed income and equity strategies and is not planning on cloning any existing funds.
February 25 -
Sale would be part of effort to sell $715 billion in non-core assets
February 25 -
The investment bank buys the PE advisory business of the former Lehman jewel as it continues its global expansion; will more fund-raisers be targeted?
February 25 -
Robust deal activity seen in the sector
February 24 -
As more affluent individuals lose faith in their advisors opportunities arise for strong wealth managers to scoop up new clients.
February 23 -
Last year alone, the company was hit with $25.5 billion in redemptions, and in the previous year, $16 billion.
February 23 -
The ETFs management fee is 50 basis points, but when you factor in the expense ratios of the underlying funds, the ETFs total expense ratio rockets to 181 basis points.
February 22 -
Only 47% of U.S. respondents were living their ideal life in their golden years.
February 19 -
New stock valuation tools could elevate discussions with clients.
February 19 -
A booming time for exciting variable annuity riders must give way to a new era of stabilization and rationalization.
February 19 -
Bank-based advisors produced an average $16,728 in December, up from just $14,712 in November.
February 19 -
Nearly two-thirds of current ETF owners bought the funds on their own. More than a quarter of them have advisorstheyre just not using them.
February 19 -
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Firms need to beef up customer service staffing and most of them are woefully unprepared for these changes.
February 18 -
Investment managers are cautiously optimistic about stocks in the coming year but more guarded about bonds, Towers Watson found in a survey of 98 managers with $13.3 trillion of assets under management. They foresee economic growth, albeit modestly.
February 18 -
Bank brokerage revenue fell 14% in 2009 in relative terms across banks of all sizes, according to new data from Kehrer-LIMRA.
February 17
