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The asset manager cut about 90 jobs this week, including those of analysts, portfolio managers and distribution workers. AllianceBernstein also will consolidate or close some of its smaller funds.
February 17 -
ICI president Paul Schott Stevens Thursday argued that the SEC's upcoming proposal to tighten the regulation of money market funds will harm investors, damage financing for businesses and governments and jeopardize the economic recovery. Heres his speech.
February 17 -
After two weeks of decline, total money market mutual fund assets increased by $2.86 billion to $2.659 trillion in the week ended Wednesday, Feb. 15, according to the Investment Company Institute.
February 17 -
S&P Capital IQ has published a paper that outlines a new method for analyzing how macroeconomic figures can lead to microeconomic results. That is to say, choices of what companies to put in a mutual funds holdings.
February 17 -
Had NYSE Euronext merged with Deutsche Börse, NYSE Technologies could have claimed perhaps the most formidable portfolio of trading tools and services in the world. Here's the bill Fixnetix fills instead.
February 17 -
After two weeks of decline, total money market mutual fund assets increased by $2.86 billion to $2.659 trillion in the week ended Wednesday, February 15, according to the Investment Company Institute.
February 16 -
S&P Capital IQ has published a paper that outlines a new method for analyzing how macroeconomic figures can lead to microeconomic results. That is to say, choices of what companies to put in a mutual funds holdings.
February 16 -
Growth will be selective, so while some countries enjoy good times others will suffer severe recessions forecast global economy
February 16 -
Seventeen muni groups are urging members of Congress to reject President Obama's proposal to place a 28% cap on the value of tax-exempt interest, warning it will hurt the market and that its retroactivity will reverse nearly 100 years of legislative history.
February 16 -
BlackRock has launched seven iShares exchange-traded funds, including its first fixed-income ETFs to focus on specific industries and mortgage-backed securities.
February 16 -
Investors poured an estimated $13.17 billion into equity, bond and hybrid mutual funds during the week ended Wednesday, Feb. 8, the largest weekly inflow this year.
February 15 -
Wave Management AG, the asset management unit of the German VHV insurance group with over 14bn in assets under management, has chosen SimCorp Dimension as its future investment management system
February 15 -
The U.S. economy may be growing. But confidence in it isn't, said economic futurist Jeff Thredgold.
February 15 -
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At Oppenheimer Funds, even customer service representatives become stewards of the quality of data. Who should own your data?
February 14 -
'I truly believe that we've entered the greatest bull market in the history of advice and it will continue for decades to come,'' the president of national sales and marketing for LPL Financial said Tuesday.
February 14 -
A year ago, marketing of a digital mailbox service for delivery of bills, fund documents and everything under the sun was supposed to start by mid-year. Its going to happen this year, a vice president for digital strategy at Broadridge Financial Solutions says. Really.
February 14 -
BNY Mellon Asset Servicing has developed a new platform, OmniAccess, that will make it easier for asset managers and broker-dealers to post, process and view data related to their omnibus, or combined futures, accounts.
February 14 -
The U.S. equities market has been losing the order flow battle for three straight years and will continue to fall until 4th quarter 2012, a Tabb Group Research Report says.
February 14 -
In 2010, The Dreyfus Corporation gave iPads to every one of its 70 salespeople, to save on Federal Express billings in shipping them marketing materials. Now the manager of roughly $300 billion in mutual fund assets has decided that it should not be presenting its nine boards of directors with bulky binders any more, either.
February 14