Investments

As a result of debt issues and fiscal deficits, BlackRock said Tuesday that it expects to economic recovery to be "meaningfully slower" in the second half of this year.

Eaton Vance Management Tuesday announced the launch of the Eaton Vance Global Macro Absolute Return Advantage Fund.

Eze Castle Integration said it has created a new subsidiary called Ledgex Systems to pull together performance data for managers of funds of hedge funds, pension plans and private equity funds.

Observers note the move comes amid intensifying competition among equity funds.

With so much money in motion as people change jobs, qualified-account conversions are the quick ticket for advisors looking to grow assets fast.

NEW YORK-Many investment firms dealing in complex asset-backed securities did not have sufficient computing capacity to figure out the risks they were taking, as the global financial crisis unfolded, said the managing director and chief technology architect of Bank of America Merrill Lynch Monday.

Fewer hedge funds closed their doors in the second quarter, but there were also fewer hedge fund launches, as investors continued to shun startups and smaller firms in favor of large, established players.

A wealth management firm has identified a growing niche serving clients in the United States and north of the border.

The sell-off in municipal bonds finally appeared to sap some retail demand for state and local government debt last week as muni mutual funds reported taking in the paltriest amount of new money in six weeks.Municipal bond mutual funds that report their figures weekly posted a net inflow of $638.2 million during the week ended Sept. 15, according to Lipper FMI, the lightest inflow since early August.

PIMCO co-Chief Investment Officer Bill Gross is said to be planning to one-up himself on touting Canadian companies as good fixed income opportunities; he is planning a big expansion into Canada.

David Corkins, a star manager at Janus who sucessfully ran the Janus Mercury and Janus Growth & Income funds and executed an impressive turnaround on the flagship $12 billion Janus Fund, started hedge fund Arrowpoint Partners in 2009 - delivering returns of 33%.

Fund managers may soon be faced to make a tough choice if they want to reduce operating risk and cost.

Life used to be so simple.

She was hired by GAMCO in December 2005 with 20 years experience in mutual fund treasury operations with various fund companies. In May 2009, she was promoted to senior vice president.

The sell-off in municipal bonds finally appeared to sap some retail demand for state and local government debt last week as muni mutual funds reported taking in the paltriest amount of new money in six weeks.

Lyxor Asset Management named Fabian Pavlowsky as head of quantitative strategies within the Societe Generale subsidiary’s Hedge Fund Research team based in New York.

Banks, losing fees elsewhere, are looking to investment services to make up the difference.

The high-yield market has been going great guns this year, but there’s a new caveat for those kicking the tires: a slower-than-expected recovery.

Fixed-income and commodity ETFs move up as equity prices slide.

Senate Finance Committee Chairman Max Baucus on Thursday proposed to extend the Build America Bonds program for only one year in legislation he unveiled that would extend several expiring or expired bond and tax provisions.