Investments

Placing its individual annuity business into runoff, The Hartford is pursuing the sale or "other strategic alternatives" of its individual life, Woodbury Financial Services and retirement plans businesses.

Global accounting firm Ernst & Young has expanded its West Coast asset management tax practice with four new hires.

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

U.S. equity funds take a lashing, posting estimated outflows of $2.88 billion for the week ended March 14.

Loomis, Sayles & Company has hired Jeffrey Schwartz to serve as the new co-manager of the firm’s small and mid-cap core strategies, including the Loomis Sayles Small Cap Value Fund.

The SEC’s 
Office of Compliance Inspections and its Division of Enforcement are getting ‘increasingly collaborative.’ That may be turning routine exams into launchpads for enforcement actions.

Some seniors paid extra for riders that no longer applied because of their age, FINRA says.

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.

PIMCO and the Vanguard Group received the highest favorable ratings from prospective institutional investors among leading asset managers, according to a new study released by Cogent Research.

The two mutual funds, Emerald Growth Fund and Emerald Banking & Finance Fund, are being transferred from the Forward Funds to Leola, PA-based Emerald Mutual Fund Advisers Trust. The Trust is a wholly-owned subsidiary of Emerald Advisers, Inc.

A growing number of U.S. cities are choosing to fund essential services like public safety and garbage collection over making payments on their outstanding debt, as rising costs and falling revenue deplete their budgets.

Researchers have developed a model that uses data from Twitter to help predict the volume and value of a stock in an upcoming trading session.

Deutsche Bank’s Management Board is expanding the Group Executive Committee from 12 to 18 members, effective June 1.

The Emerald Mutual Funds have made their way home to the investment advisory firm that founded the fund family in 1992.

Third-party administrator CPI Qualified Plan Consultants, Inc. today revealed it added the Alta Trust Tactical Advantage collective investment trust funds to its retirement plan platform.

It might sound elementary but legal eagles from some of the country’s biggest law firms convened today at the ICI Mutual Fund conference in Phoenix, A.Z. to drive home the importance of disclosure when it comes to mutual fund registration.

Omnibus accounts consolidate the trade activity of multiple shareholders in an investment vehicle into a handful of trades, making it difficult to identify individual shareholder activity. How do in-house counsel and mutual fund boards make sure that their omnibus accounts are on the up and up with regulators?

You may think your firm runs like a well-oiled machine. But what happens if you think again?

Financial services firms can get themselves caught in their own tracks on social media, worrying excessively about Securities and Exchange Commission rules on disclosures, marketing and communication, as well as Financial Industry Regulatory Authority guidelines. Here's what to do.

The Dow Jones Industrial Average shed 68.94 points to close at 13,170.19 Tuesday while the Nasdaq and S&P 500 lost 4.17 points and 4.23 points, respectively.