Fund manager Fred Alger Management Inc., has agreed to a $45 million settlement of charges it engaged in a “massive″ market timing scheme that benefited favored investors.
Colorado-based PVG Asset Management Corporation has made its Hedged Portfolio Management accounts available to 401(k) plans and participants.
Assets in multi-manager products grew by 40% during 2005 to exceed $1.3 trillion, according to the recent Cerulli Quantitative Update, Global Multi-manager Products 2006.
Retirement for many Americans these days is not a matter of suddenly exchanging employment for a quiet life of leisure; instead, a majority of Americans age 40-69 expect employment will be a big part of their early retirement years, and that could lead to a change in approach for financial advisers offering retirement planning services.
The Principal Financial Group introduced to its platform the combination of its mutual funds and the funds of newly-acquired money manager WM Group Advisors.
JPMorgan Funds has hired David Musto, formerly of Prudential Retirement, as Managing Director of its Retirement and Defined Contribution Investment Only (DC/IO) business and Glenn Dial, formerly of the Princeton Retirement Group, as a Senior Retirement Sales Specialist.
New employees are being allowed to get up to speed in their company’s 401(k) plan more quickly than a year ago, according to a new survey.
The latest Standard&Poor’s Indices Versus Active Funds Scorecard (SPIVA) shows the S&P 500 outperformed 69.1% of large-cap funds.
The U.S. Senate Finance Committee on Wednesday approved by voice vote a measure that could limit the earnings corporate executives can defer into non-qualified deferred compensation (NQDC) plans.
Newly released results of a study from Fidelity Investments indicate Individual Retirement Accounts (IRAs) are not generally being used as a primary retirement savings vehicle and many investors lack understanding about IRAs.
The investment arm of State Street Corporation launched today an exchange-traded fund family that tracks developed and emerging market stocks outside the U.S.
DALBAR released Wednesday its annual ranking of top customer service providers in the financial intermediary, mutual fund, broker/dealer, annuities, life insurance and retirement plan provider industry.
Vanguard is adding exchange-traded funds (ETFs), which will be structured as separate share classes of existing mutual funds, to its four existing bond index funds in an effort to expand its presence in the U.S. bond market.
Russell Investment Group unveiled a new index Wednesday meant to satiate asset managers’ increasing thirst for more global investment options.
Advisers in the federal retirement marketplace now have a new tool to illustrate retirement savings shortfalls with â€œvivid clarity.â€
Asset manager XTF has added a Sector Rotation Portfolio and a Country Rotation Portfolio to its lineup of exchange-traded fund (ETF) offerings, which will be offered to investors as separately managed accounts.
An Overland Park, Kansas advisory firm has unveiled a program under which it chooses a 401(k) planâ€™s investment option lineup and assumes fiduciary responsibility for its choices.
Recordkeeping technology provider SaveDaily.com can now post vesting to 401(k) participant statements and is now offering fulfillment options including electronic and mail distribution.
2006 proved to be a quiet trading year for 401(k) plans, with just 0.034% of balances shifted per day on a net basis during the year, according to the Hewitt 401(k) index, the lowest level since the inception of the gauge.
The New York Stock Exchange appears to be investigating three advisers, known as the CBS Group, who were involved in market timing five years ago, fining their supervisors at both UBS and Merrill, according to published reports.