El-Erian’s PIMCO Exit: A Game Changer?
Experts say the CEO wasn't pushed out, but it may prove difficult for PIMCO to fill his shoes at the firm and in the media.
PIMCO CEO El-Erian Resigns
The leadership change comes after annus horribilis for the firm's flagship bond fund, says an S&P Capital IQ expert.
Indexed, Income Annuity Sales Beat Quarterly, YTD Records
Beacon Research announced Monday that annuities in several categories broke sales records in the third quarter.
Millennial Women More Interested in Finance, but Lack Confidence
Younger women are more interested in financial issues than their older counterparts, but lack the confidence to take action, according to an Allianz Life study.
Top Portfolio Products: ProShares Rolls Out Emerging Market Bond ETF; China Gets S&P 500-Based ETF
Meanwhile, Franklin Templeton and K2 roll out multi-strategy product, and a Power Dividend Index Fund is introduced in the U.S.
New Hire Roundup: Marvin Davis Goes to Edelman Financial Services
Also this week, Michele Buck was elected to the board at New York Life, and Lisa Parry Howard and Kathleen Parsons joined New York Private Trust Co.
Costa Concordia Salvage Highlights Higher Risks to Maritime Insurers
As ships grow larger, so do potential losses for both insurers and reinsurers—something investors might want to keep in mind.
New Hire Roundup: IMCA Announces 2014 Board
Also this week, Celine Colgan joined the Presidio Group, Girard Securities welcomed David Bombart and National Planning Corp. promoted Scott Montgomery.
Suddenly Single in a Financial Fog
You’ve heard me lament that women’s financial sophistication doesn’t seem to be improving.
Bag-Lady Specter Haunts Even Savvy Women’s Retirement
Despite the fact that more women have significantly boosted their financial savvy and become “women of influence” since the financial crisis, they still worry at similar rates to other women that they’ll run out of money in retirement and become bag ladies, according to a survey by Allianz Life.