News

Peter J. Smail, president of Fidelity Investments’ institutional investment management business, is retiring from his post, the financial services firm announced.

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, has launched the SSgA Core Edge Equity Fund, a long-short (130/30) mutual fund that seeks...

Standard&Poor’s has launched the S&P Dividend Opportunities Indices, two new indexes designed to “provide investors with exposure to high yielding stocks throughout the world.″

MassMutual has adopted an enhanced regional model for its adviser and plan sponsor service operations that it says offers enhanced synergy between sales and service both before and...

They say you get what you pay for – but maybe it just feels like you do.

Accusations of mismanagement have been leveled against Merrill Lynch by government clients in a second state, the Wall Street Journal reported.

WisdomTree Investments, Inc. has announced that the WisdomTree Trust intends to launch an earnings-weighted India exchange-traded fund (ETF) under the ticker symbol EPI in the latter part of...

Demand from institutional investors for precise and often-custom made indexes to allow them to meet socially responsible investment (SRI) constraints could represent a significant revenue loss problem for...

A new study of the private equity market finds that securitization - bundled funds of publicly traded private equity firms - is changing the private equity asset class.

Almost all (91%) financial planner CPAs surveyed by the American Institute of Certified Public Accountants (AICPA) cited retirement as a top personal finance concern of clients.

Legg Mason, Inc. has launched the Legg Mason Partners 130/30 U.S. Large Cap Equity Fund.

J.&W. Seligman&Co. Incorporated has announced that Seligman Time Horizon/Harvester Series has been renamed and the names of the funds in the series have also been changed.

Massachusetts Mutual Life Insurance Company has announced enhancements to certain deferred variable annuities in its portfolio of retirement income products.

TIAA-CREF has introduced the Lifecycle Retirement Income Fund, intended for investors who are nearing retirement, are looking to roll over assets to an IRA from a retirement plan,...

A federal judge in Indiana is allowing a Merrillville, Indiana law firm to continue with its lawsuit against its 401(k) investment managers and recordkeeper over the amount of...

Standard&Poor’s has launched a family of indices designed to model common arbitrage strategies in the financial markets.

UBS Global Asset Management is teaming with Genworth Financial to introduce a guaranteed income for life option.

After months of research, informal talks with vendors, and not a few inquiries to a few “trusted advisers,″ just before Christmas, we finally made our decision.

After months of research, informal talks with vendors, and not a few inquiries to a few “trusted advisers,″ just before Christmas, we finally made our decision.

More than 50 international iShares funds, all of which previously distributed income annually, will begin distributing income twice per year.