New York Life Investments said it is expanding its defined contribution investment only (DCIO) efforts through its lineup of stand-alone stable value products to third parties.
Tag: Investment Managers
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.
State Street Global Advisors (SSgA) has launched its US Community Investing Index strategy.
Northern Trust's asset management arm, Northern Trust Global Investments (NTGI), has selected seven emerging and minority/women-owned broker/dealers for its list of preferred equity trading partners.
Fidelity Investments has announced enhancements to its seven state-sponsored 529 College Savings Plans.
Transamerica Asset Management Group has introduced a new institutional share class to the Transamerica Funds lineup.
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.
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.
Family health problems have prompted an executive in Fidelity Investments’ workplace investing client management group to take a leave of absence starting at the end of the year, the Boston investment firm said.
Target-date funds with high equity allocation at retirement have come under fire lately, but T. Rowe Price is sticking with its strategy.
While exchange-traded-fund (ETF) assets will continue to grow rapidly, ETF providers see 401(k) accounts as a continued challenge, according to Cerulli Associates.
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.
The state of Oregon has reached a $20-million settlement with MassMutual Financial Group's OppenheimerFunds Inc. of losses in a bond fund in the state's 529 college-savings plan.
PineBridge Investments is the new brand name of the former asset management and investment advisory business of American International Group, Inc. (AIG).
Two months after his announced retirement from Bank of America Merrill
Lynch, Steve Bodurtha has joined Citi Private Bank as managing director
and head of investment for North America.
Putnam Investments has named Alan Dumas, John Leeson, and Chris Doucet to sales posts on its defined contribution team.
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.
Lord, Abbett & Co. LLC said its new Web site for advisers offers interactive content about investment solutions, market insights, and practice management.
Asset managers are using more creative methods such as social networking to reach financial advisers, according to Cerulli Associates.
The latest Bank of America (BofA) Merrill Lynch Fund Manager Survey found that risk appetite among investors is tip-toeing upward.