Massachusetts Regulator Investigating BNY Mellon Tech Glitch
Galvin is also querying six fund providers about a tech failure that caused delays in the pricing of mutual funds and ETFs for several days.
BlackRock Plans Money Fund Changes to Meet New SEC Regulations
The world’s largest asset manager said it would change its lineup of money-market mutual funds to make them comply with new federal regulations.
Dow Erases 2014 Gain Amid Global Selloff as Exxon Tumbles
U.S. stocks joined a global selloff, erasing the year’s gains in the Dow Jones Industrial Average, as Exxon Mobil to Micron Technology tumbled amid weaker corporate results.
Top Portfolio Products: Direxion Rolls Out Leveraged Bear, Bull ETFs
Other new products include a dividend-focused trust from Hennion & Walsh and a Wharton GC hedge fund.
S&P 500 Sees Biggest Increase in Profits Since 1900
The biggest increase in profits in more than a century is telling investors that this is no time to sell stocks, even after the Standard & Poor’s 500 Index rallied 97%.
2010 Q4 Earnings: Federated Investors’ Reports Earnings Per Share of $0.45, Declares Dividend
Pittsburgh-based money management firm Federated Investors Inc. reported earnings per share of $0.45 for the quarter ended Dec. 31, 2010.
Federated Investors to Buy Wayne Hummer Growth Fund
Federated Investors Inc. (FII) has agreed to acquire the Wayne Hummer Growth Fund (WHGRX). Following completion of the deal, the fund would be merged into the...
Manager Joins Federated Capital Appreciation Fund
Federated Investors Inc. (FII) said it appointed Carol R. Miller, a former portfolio manager with Banc One Corp., to help run the $3.2-billion Federated Capital...
Federated Investors to Buy Three Vintage Funds
Federated Investors Inc. (FII) announced on June 29 that it has agreed to acquire three Vintage mutual funds with about $164 million in assets from...