Puerto Rico Agency Poised to Default on $58 Million Payment
Officials are pushing for what may be the biggest restructuring ever in the municipal market.
SEC’s Former IM Director Returns to Help Craft Fiduciary Rule
Andrew "Buddy" Donohue's "deep knowledge of asset management will be especially useful" as the SEC considers a uniform fiduciary standard, said Chairwoman Mary Jo White.
Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers.
Top Portfolio Products: New MLP ETNs From Barclays, OFI Global
Brinker Capital offers three liquid-alternative mutual funds, and Marathon Value Portfolio cuts fees.
Top Portfolio Products: LPL Adds New Offerings to Wealth Platform
MFS rolls out equity income fund and more product-related developments.
OppenheimerFunds to End Donor Advised Fund Program
OppenheimerFunds will end its Legacy Donor Advised Fund Program and transfer the assets to Fidelity Charitable, the firm’s chief marketing officer, Marty Willis, announced in a Sept. 9 letter to account holders.
OppenheimerFunds Promotes Steinmetz to CIO
Mutual fund behemoth OppenheimerFunds, Inc. announced Wednesday that Art Steinmetz has been promoted to chief investment officer.
A catalyst to rebuilding retiree trust
No secret; in the current bear market, retirees and near-retirees are hardest hit. They've accumulated the largest assets levels, and with interest rates at historically...
Oppenheimer's Wilby to Retire
Bill Wilby, who gained wide renown for his long tenure as portfolio manager for the Oppenheimer Global Fund (OPPAX), will retire from OppenheimerFunds Inc. on June 30 after 16 years at the firm.
Retirement Market Looks Slow and Steady
The majority of financial planners believe that the retirement income market will continue to grow substantially, but at a slow pace, according to a recent study conducted by the Financial Planning Association (FPA).