Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Pension Plan funds drop in October
By Staff WriterFunding ratios at the typical U.S. corporate pension plan fell 3.7 percentage points in October as stocks had their worst month since 1987, according to...
October 14, 2008
Treasury Hires Advisor for TARPThe Treasury Department announced October 13 that it had hired Chicago-based EnnisKnupp and Associates to serve as its investment advisor to help implement TARP.
October 14, 2008
Bank of New York Mellon to Act as TARP CustodianThe Bank of New York Mellon has been chosen by the Treasury Department as the custodian to implement the Troubled Asset Relief Program (TARP)--or the $700 billion bailout fund.
October 07, 2008
U.S. pension plan funding status slips slightly in septemberFunding ratios at the typical U.S. pension plan dipped 0.3 percentage points in September as liabilities decreased almost the same amount as the assets of...
October 07, 2008
Insurers Can Help Treasury Run BailoutThe U.S. Treasury Department wants to hire financial institutions - including big insurers - to help it manage portfolios of whole loans and troubled mortgage-related ...
October 01, 2008
Asset Allocation, October 2008Read this month's recommended asset allocations from Investment Advisor's panel of distinguished economists and money managers here.
October 01, 2008
ETF Assets Decline by $32 BillionAccording to the Investment Company Institute (ICI), the combined assets of U.S. exchange-traded funds fell $32.25 billion to $578.07 billion in June. Even though this is...
September 25, 2008
Ameriprise Responds To Money Market Fund WoesA large financial services company says it will commit its own funds to protect clients who have invested in a troubled money market fund.Ameriprise Financial ...