Investments

Ask recruiter Michael Castine about the state of mutual fund hiring now, and he brings up the Brad Pitt movie "Moneyball."

New Rule G-43 requires that broker's brokers make reasonable efforts to obtain fair and reasonable prices when conducting secondary-market "bid-wanted" auctions.

Ask recruiter Michael Castine about the state of mutual fund hiring now, and he brings up the Brad Pitt movie "Moneyball."

The Dow Jones Industrial Average shed 138.12 points to close at 12.502.66 Monday while the Nasdaq and S&P 500 lost 56.26 points and 21.30 points, respectively.

On June 25, 2012, Hennessy Advisors, Inc. today revealed that the Board of Trustees of The FBR Funds trust has approved the proposed deal between the two fund firms.

On June 25, 2012, Fidelity Investments earlier this month launched the Fidelity Stock Selector Mid Cap Fund to bet on domestic and foreign growth or value stock issuers.

On June 25, 2012, Delaware Investments is beefing up its distribution with the addition of Bryce Bulman, who joined the firm as regional director supporting Chicago, a newly created territory.

On June 25, 2012, Sentinel Investments has made two key appointments to its senior sales team as well as the hiring of a new wholesaler.

“The past few years of market volatility have demonstrated the importance of guaranteed income in retirement,” said Alison Salka, LIMRA corporate vice president and director of retirement research,

On June 25, 2012, Jackson National Life Insurance Company today launched the Elite Access iPad application, following the rollout of the firm’s newest product offering.

On June 25, 2012, T. Rowe Price today launched its T. Rowe Price Personal App for iPhone and iPod touch, which provides investors the opportunity to manage their accounts and view fund information on the go.

Investors need to look beyond their investment statements to see an impending “triple threat” that may impact their portfolios, according to a new report from Merrill Lynch Wealth Management and Eurasia Group.

On June 25, 2012, John Hancock has beat out Fidelity Investments and ING for bragging rights as defined contribution investment-only manager top dog, according to a study by Cogent Research.

Forget Apple and Google. Ask portfolio managers for their top tech stock picks and you may get some less familiar names.

First Trust Advisors L.P. introduced an actively managed exchange-traded fund, First Trust North American Energy Infrastructure Fund that invests in the energy infrastructure sector through master limited partnerships, pipeline companies and utilities.

Fund firms are beginning to like social media and the devices their staffs use to communicate online with customers.

The Dow Jones Industrial Average moved up 67.21 points Friday to close at 12,640.78 while the Nasdaq and S&P 500 added 33.33 points and 9.51 points, respectively.

kasina is beefing up its sales and marketing unit by promoting Mariel Donnelly to the newly created position of Business Development Specialist.

As regulators and investors impose increasingly stringent transparency and reporting requirements, asset managers face new challenges in all aspects of data management.

Deutsche Bank has concluded its exclusive negotiations with Guggenheim Partners over a potential sale of RREEF, its global alternative asset management business.