Tag: Investment Managers

PIMCO Hires Former TARP Czar

PIMCO announced that it hired Neel Kashkari, the former czar of the Troubled Asset Relief Program (TARP), as well as two portfolio managers from Franklin Templeton Investments.

MFS Hires Three for DCI Unit

MFS Investment Management (MFS) has added three new members to its Defined Contribution Investments (DCI) group to focus its sales and relationship management efforts in various DCI market segments.

FRC Predicts Growth in Use of External Managers

The Financial Research Corporation (FRC) predicts that if the market remains stable and does not go through another crisis within the next five years, sub-advised mutual fund and variable annuity assets will grow to $2 trillion by 2014, up from $1 trillion at the end of 2008.

Fidelity Offers Roth Calculators for Advisers

With the new Roth Conversion laws set to go in place January 1, Fidelity Investments said it offers an online Roth IRA conversion calculator for its independent registered investment adviser clients and broker/dealer clients of National Financial.

NY Life Makes DCIO VP Appointments

New York Life Investments has appointed David Giannini, James (Val) Van Deventer, and Deborah Vince as regional vice presidents in its DCIO unit, the company announced.