News

Could Americans have learned their lesson about saving versus spending?

The Hartford Mutual Funds renamed its Global Equity Fund as The Hartford Global Research Fund.

Morgan Stanley Investment Management (MSIM) has announced the launch of the Morgan Stanley Emerging Manager Program (EM Program).

The Securities and Exchange Commission (SEC) has adopted Bernard Madoff-inspired rules that make it more difficult for investment advisers to custody their clients’ assets.

State Street Global Advisors (SSgA), the investment management business of State Street Corporation, announced that the SPDR Barclays Capital Short Term Corporate Bond ETF (SCPB) began trading on...

The number of employers planning to offer annuities to participants in their defined contribution plans is expected to grow, according to a survey by Watson Wyatt.

Brian Moynihan will take over as Bank of America’s (BofA) CEO and president following the retirement of Kenneth Lewis on December 31, the company announced.

Prudential Financial, Inc., announced that it will rename its mutual fund family, JennisonDryden, to Prudential Investments.

The next time you see a bad driver on the road, you could blame genetics, recent research suggests.

New research from the Sun Life Financial Unretirement Index revealed that more working Americans seek financial advice from family members and friends than from financial advisers, the media,...

MassMutual's Retirement Services Division has announced plans to introduce its new RetireSmart participant engagement platform in the second quarter of 2010.

Pioneer Investments has announced seven additions to its U.S. sales team, continuing the expansion of its sales force aimed at supporting the firm’s largest retail clients.

U.S. money managers participating in a recent Russell Investments poll are apparently an optimistic bunch, predicting equity markets still have room to grow during 2010.

The SPARK Institute has released a draft of new guidelines for ERISA-covered 403(b) plans that, due to new regulations, must now file a full Form 5500.

Regulators might already be taking a harder look at target-date funds, but it now looks as though Congress will get into the mix as well.

A Bloomberg news report said six of the nine largest U.S. target-date fund providers by assets have junk bonds in their 2010 portfolios.

Financial firms surveyed by Cerulli Associates said examination of fees, such as 12b-1 reform, will be the greatest regulatory impact in the coming year.

Index provider Russell Investments is teaming up with Axioma, Inc., a provider of tools for portfolio optimization and risk analysis, to create a series of factor-based indexes.

Putnam Investments hired Scott Sipple as head of Strategic Relationships, focused on communication with the asset management research platforms of major wealth management firms.

The Newport Group has appointed Ann Ennis to the position of vice president, Financial Institution Services.