Mutual funds

Two years after their introduction, exchange-traded notes are still relatively unknown even among financial experts, but an increasingly volatile commodities market could alert investors to their hidden potential.

Reaction to the Subprime Crisis in the first quarter of 2008.

Market Outlook

Albany District Attorney David Soares has done an about-face and has told New York Senate Majority Leader Joseph Bruno that ex-governor Eliot Spitzer’s alleged involvement in an investigation into Bruno’s whereabouts was absolutely, positively Spitzer’s orders, according to reports over the weekend.

BOSTON—With auction rate securities in question, Evergreen Investments’ equity managers are now earnestly looking for alternate sources of liquidity, the firm announced in a conference call late yesterday.

Russell Investments has launched six new “strategy” funds in its LifePoints Funds, Target Date Series, including an “in retirement” portfolio

CalPERS' Returns Dip

Citadel Hires Morgan's Foreign Exchange Chief

After a year of record growth, Hartford Financial Services wants to expand its 529 college savings business over the next two years by increasing sales and, perhaps, in what would be a shift in strategy, by becoming a plan sponsor in another state.

While the storied Bear Stearns went up for a fire sale of $236 million to JPMorgan last week, less than one-tenth of its trading price, Bear hit another brick wall.

WASHINGTON-Few question the Federal Reserve Board's recent efforts to stabilize the economy, but plenty of people are wondering how much risk the central bank is taking.

Shareholders in a number of large Fidelity mutual funds, most notably the $73 billion Contrafund, succeeded in forcing a proxy vote at press time on whether the company should institute a "genocide-free" investment policy. Insiders did not expect, however, the unbinding measure to pass.

BOSTON-Asset managers will have to adapt their techniques and operations beyond their current business models to survive the shifting demands in the retirement product marketplace.

Although they may have lost their battle to get Fidelity Investments to drop mutual funds that are linked to genocide in Sudan, activists say they are emboldened that more than one out of four shareholders voted in favor of their proposal.

Charles Schwab is now offering a program fee rebate on its managed mutual fund portfolios, Schwab Managed Portfolios, to investors who put $25,000 or more of assets into a new or existing retirement account.

Rydex Investments is offering a new fund of funds that offers exposure to the alternatives marketplace to individual investors.

Spitzer Resigns After Prostitution Scandal

Two former designers of sports cars and fighter airplanes have formed the hedge fund Solytix Capital, which focuses on quantitative analytics.

Target-date funds are helping average investors get the same type of service wealthy clients have traditionally had when it comes time to transition a retirement plan from being aggressive to a more conservative plan.

Fund.com Appoints Webster as President