Strong VA Sales Aid Pru
By Steve TuckeyStrong variable annuity earnings and a solid performance by the Wachovia securities distribution channel fueled a 30% increase in second-quarter profits at Prudential Financial ...
August 04, 2005
Utah 529 Plan Settles With SECUtah's 529 college savings plan has agreed to settle charges it misled investors about the disposition of funds earmarked for college savings accounts.[@@]The U.S. ...
August 04, 2005
Investments Buoy Nationwide FinancialNationwide Financial Services Inc. posted a sharp increase in second-quarter profits despite large cash outflows at its annuity operations.[@@]Nationwide, Columbus, Ohio, is reporting $141 ...
August 04, 2005
Health Net To Epand Medicare EffortHealth Net Inc. is yet another major health carrier that used its second-quarter earnings conference to emphasize that it is looking for opportunities in ...
August 04, 2005
Fitch Analysts Review VA MarketFitch Ratings is making an effort of its own to use "stochastic model" to analyze insurers in the $1.1 trillion U.S. variable annuity markets.[@@]Users ...
August 04, 2005
Roemer To Lead AIG Internal AuditsAmerican International Group Inc. has promoted Keith Duckett to vice president of administration, and it has hired Michael Roemer to succeed Duckett as director ...
August 04, 2005
Riskdata Tracks Funds of Funds' GrowthNEW YORK (HedgeWorld.com)--Institutional investors are indeed a force of change in the funds of hedge funds business, according to Riskdata. The firm sells risk management software and analysis services to hedge funds and funds of hedge funds. Riskdata officials said that assets under mangement among its clients grew by more...
August 04, 2005
Tremont: Q2 Inflows Fall to '01 LevelsThe second quarter of 2005 saw the hedge fund industry recording its smallest net quarterly inflow of investor assets since the fourth quarter of 2001, according to research compiled by Tremont Capital Management Inc. All told, US$11.6 billion in assets were invested in hedge funds in the quarter, compared to...