News
JPMorgan Chase Sued over Madoff Fraud
The trustee charged with liquidating Bernard Madoff's investment firm has brought a $6.4 billion suit against JPMorgan Chase.
BNP Paribas Hires Director for Commodity Derivatives Sales
BNP Paribas announced that John Catizone has joined its Commodity Derivatives group as Managing Director for Institutional and Investor sales in New York.
iShares Launches TIPS ETF
BlackRock’s iShares exchange-traded funds (ETFs) business is launching the iShares Barclays 0-5 Year TIPS Bond Fund (NYSE Arca: STIP).
AXA Financial CEO to Retire in January
AXA announced that Christopher 'Kip' Condron, President and CEO of AXA Financial, has decided to retire effective January 1, 2011.
Legg Mason Creates Retirement Think Tank
Legg Mason, a global asset management firm, has created the Retirement Advisory Council, bringing together 14 industry leaders to delve into the major challenges facing the retirement industry. ...
REITs Lose Ground in November
REITs nearly tripled the performance of the S&P 500 Index in the first 11 months of the year, although they lost ground in November, according to new data.
Fiduciary Adviser Unveils Training Program
Fiduciary adviser Roland|Criss has launched the Stewardship Development Center (SDC) to train fiduciary leaders and their teams.
ETF Securities Launches White Metals ETF
ETF Securities announced that ETFS Physical White Metals Basket Shares (Ticker: WITE) was introduced on the NYSE Arca today.
Munder Acquires Integrity Asset Management
Munder Capital Management, a money management firm serving institutional and individual investors, is acquiring Integrity Asset Management, a Louisville, Kentucky-based institutional investment management company.
DWS Launches World Dividend Fund
DWS Investments, the U.S. retail unit of Deutsche Bank’s Asset Management division, has announced a change in name and strategy for the DWS Europe Equity Fund.
Edge Asset Management Hires International Equity Manager
Edge Asset Management in Seattle, Washington, announced Egor Rybakov has joined Edge as a portfolio manager for International Equity, effective December 1, 2010.
Schwab Investment Management Announces New CEO
The Charles Schwab Corporation selected Marie A. Chandoha as president and CEO of Charles Schwab Investment Management, Inc. (CSIM), the investment adviser to Schwab and Laudus Funds.
Pagnoni Signs on at Wilmington Trust
Wilmington Trust appointed Richard F. Pagnoni as vice president for the Client Development team.
Bay Colony and Dynamic Wealth Team Up
Bay Colony Partners and Dynamic Wealth Advisors are working together to provide a wealth management platform for customer portfolio management and client reporting.
Invesco Lists Four Financial Sector ETFs
Four Invesco PowerShares exchange-traded funds based on Keefe, Bruyette & Woods, Inc. (KBW) indexes began trading on the NYSE Arca today.
Wirehouse Managed Account Marketshare to Shrink
Cerulli Associates’ latest report predicts that wirehouse firms' managed account marketshare will fall to 50% by 2014.
Russell Hires Managing Director of Investment Strategy
Russell Investments has hired Cynthia Steer as managing director, investment strategy.
Holiday Cheer Likely to Include Holiday Work
American workers plan to juggle work and play by staying connected to the office while simultaneously celebrating the season, according to a holiday Omnibus survey from Adecco Staffing...
Ridgeworth Develops Mobile App
RidgeWorth Investments has launched a mobile application for its fee-benchmarking tool.