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The Dow Jones Industrial Average plunged 168.32 points to close at 13,038.27 while the Nasdaq and S&P 500 endured their worst week of the year, lopping off 68 points and 22 points, respectively.
May 4 -
Fidelity Investments has added four mutual funds to a variable annuity product it launched in 2005, opting for simplicity in an era where advisors and clients are wary of complexity in variable annuities.
May 4 -
On May 4, 2012, Pioneer Investments has named Howard Weiss as associate portfolio manager of Pioneer Multi-Asset Real Return Fund (PMARX).
May 4 -
On May 4, 2012, MME reported that The Litman Gregory Masters International fund garnered a gold star rating from Morningstar, Inc.
May 4 -
On May 4, 2012, IGM Financial Inc.s earnings for the first quarter of 2012 were down 5.8%, to $199.7 million, compared to a year ago.
May 4 -
On May 4, 2012, Integrity Viking Funds has launched the Integrity Dividend Harvest Fund (IDIVX), designed to offer investors a stable source of income and the potential for capital appreciation via a portfolio focusing on dividend-paying stocks of companies that have a history of raising their dividends.
May 4 -
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May 4, 2012 story: Efficient and effective mutual fund Board meetings are vital to the success of a mutual fund family, no matter their size and/or complexity.
May 4 -
May 7, 2012 story: Investors act emotionally, not logically, toward the securities they buy or sell.
May 4 -
May 7, 2012 Story: The big guns are now squaring off in one of the tiniest slices of the fund business.
May 4 -
Two groups representing mutual fund independent directors and trustees are joining together to voice their concerns about the changes to money market funds currently being considered by the Securities and Exchange Commission.
May 4 -
Hedge fund-turned-mutual fund RiverPark Advisors LLC has launched the RiverPark/Gargoyle Hedged Value Fund, a conversion of the Gargoyle Hedged Value Fund L.P.
May 4 -
The Dow Jones Industrial Average shed 62 points to finish at 13,206.59 Thursday ahead of the much-anticipated April jobs report.
May 3 -
Clients interested in guaranteed lifetime income? Now you have one more option to offer, courtesy of Great-West Life & Annuity Insurance Co.
May 3 -
On May 3, 2012, TCW hired Jerry Cudzil as Head of U.S. Credit Trading, a new role within the firm.
May 3 -
On May 3, 2012, Gargoyle revamped its hedge fund into a mutual fund.
May 3 -
On May 3, 2012, Eagle Asset Management unveiled a new hire.
May 3 -
On May 3, 2012, UMB said it added FPA Funds as a new client.
May 3 -
On May 3, two mutual fund groups vocied their concerns over the SECs money market fund proposals.
May 3 -
Mutual funds that invest in domestic stocks have been an object of scorn.
May 3
