Investments

Paulson, rating agencies respond to The Hartford’s decision to place individual annuity business into run off and pursue divestiture options for individual life, Woodbury Financial and retirement plans.

Aberdeen Asset Management Inc. has launched the Aberdeen U.S. High Yield Bond Fund, which will bet on below investment grade bonds.

The Dow Jones Industrial Average lopped off 78.48 points to finish at 13,046.14 Thursday as investors reacted to some disconcerting economic data at home and abroad.

Sentinel Investments has announced management changes at four of its mutual funds.

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Fund administrator Gemini Fund Services has launched its third shared mutual fund trust, the Northern Lights Fund Trust III (NLFT III).

Don’t be surprised to see a Vanguard coffee truck at a corner near you.

The uncertainty is ‘unbelievably disruptive’ for advisors at a time when clients are beginning to have more confidence in the markets and investing. Likely candidates to buy could include Cetera and Lincoln Financial, observers say.

Realizing that advisors needed help in the current low-yield environment, Schwab decided to offer an automatic bond ladder investment composed entirely of PIMCO municipal bonds.

Greg Francfort, who most recently served as director of Neuberger Berman’s global equity research team, will be joining the firm’s MLG Group, which manages approximately $7 billion in assets for individuals, institutions and mutual funds.

When Moody’s Investors Service put the short-term credit rating of Bank of America under review for a downgrade back in February, that stirred up the water for tax-exempt money market funds.

Quantitative hedge fund manager Hagin Investment Management has launched an equities market-neutral product aimed for mutual fund investors.

Alternative investment manager Direxion has launched an exchange-traded fund that provides investors with equal weighted exposure to the constituents of the NASDAQ-100 index.

Paul Fenner, president and founder of DreamWorks Capital Management, LLC, has launched a new investment management firm to provide investment advisory services to individuals, institutions and small- and medium-sized businesses.

Market Vectors, the exchange-traded product arm of Van Eck Global, is tapping into the resilience of Indonesia’s economy by launching a fund focusing on the country’s small cap equity sector.

Despite promising signs of a recovering market, a new survey finds that nearly six in 10 investors are waiting for conditions to improve before making investment decisions.

Paul Fenner, president and founder of DreamWorks Capital Management, LLC, has launched a new investment management firm to providw investment advisory services to individuals, institutions, and small- and medium-sized businesses.

Insurer and wealth manager The Hartford is trimming its focus to a few core business areas: property and casualty, group benefits and mutual funds.

The Dow Jones Industrial Average shed 45.57 points to finish at 13,124.62 Wednesday while the Nasdaq rose 1.17 points to close at 3,075.32.

Alternative investment manager Direxion has launched an exchange-traded fund that provides investors with equal weighted exposure to the constituents of the NASDAQ-100 index.