News

The trustee charged with liquidating Bernard Madoff's investment firm has brought a $6.4 billion suit against JPMorgan Chase.

BNP Paribas announced that John Catizone has joined its Commodity Derivatives group as Managing Director for Institutional and Investor sales in New York.

BlackRock’s iShares exchange-traded funds (ETFs) business is launching the iShares Barclays 0-5 Year TIPS Bond Fund (NYSE Arca: STIP).

AXA announced that Christopher 'Kip' Condron, President and CEO of AXA Financial, has decided to retire effective January 1, 2011.

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 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 Roland|Criss has launched the Stewardship Development Center (SDC) to train fiduciary leaders and their teams.

ETF Securities announced that ETFS Physical White Metals Basket Shares (Ticker: WITE) was introduced on the NYSE Arca today.

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 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 in Seattle, Washington, announced Egor Rybakov has joined Edge as a portfolio manager for International Equity, effective December 1, 2010.

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.

Wilmington Trust appointed Richard F. Pagnoni as vice president for the Client Development team.

Bay Colony Partners and Dynamic Wealth Advisors are working together to provide a wealth management platform for customer portfolio management and client reporting.

Four Invesco PowerShares exchange-traded funds based on Keefe, Bruyette & Woods, Inc. (KBW) indexes began trading on the NYSE Arca today.

Cerulli Associates’ latest report predicts that wirehouse firms' managed account marketshare will fall to 50% by 2014. 

Russell Investments has hired Cynthia Steer as managing director, investment strategy.

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 Investments has launched a mobile application for its fee-benchmarking tool. 

Reaction from some in the retirement services community to President Obama’s fiscal commission’s final report was harshly negative, warning of dire consequences if the ideas in it are...