GAM Holding outlines plan to liquidate absolute return funds

GAM Holding will next month start liquidating funds whose trading it halted in July after suspending the investment director who ran them, the Swiss group said on Tuesday.

Aegon, Transamerica in $97.6 million SEC settlement for misleading investors

Four Transamerica entities will pay $97.6 million to settle U.S. Securities and Exchange Commission charges that they sold investments that were supposedly based on quantitative models but which did not work as intended, the regulator said on Monday.

Legg Mason to pay $34 million to resolve charges related to bribery scheme: SEC

The U.S. Securities and Exchange Commission said on Monday that Legg Mason will pay more than $34 million to resolve a charge it violated the Foreign Corrupt Practices Act in bribing Libyan officials to secure investments.

Australia inquiry finds pension funds broke rules

Initial findings from a powerful inquiry into Australia's financial sector strongly criticized pension funds run by National Australia Bank and Commonwealth Bank for regulatory breaches including overcharging customers and failing to act in their best interest.

U.S. stock fund investors show no fear of King Dollar

U.S. fund investors are in no rush to shore up defenses against the strong dollar.

Column: Idea of payroll deductions to meet emergency needs gains steam in U.S.

(The opinions expressed here are those of the author, a columnist for Reuters)

'Old' bull market sputters on while tech inflows slow: BAML

Investors bought back into U.S. stocks this week which set their longest-ever market rally, although risks ahead spurred anxiety over how much longer the ageing bull can last, Bank of America Merrill Lynch strategists said on Friday.

U.S. fund investors hike China exposure despite trade strife

U.S. fund investors apparently saw a buying opportunity in China despite ongoing trade tensions, adding their most exposure to that market since January, Lipper data for the latest week showed on Thursday.

Fidelity fund votes backed Tesla, potential sign of more support

Funds run by Fidelity Investments sided with Tesla Inc management on director votes and other controversial items this spring, filings showed on Thursday, and experts said that could indicate further support for Tesla CEO Elon Musk as he looks to take the company private.

JPMorgan undercuts discount brokerages on trades

JPMorgan Chase & Co, in a bid to lure customers from the discount brokerage industry, said on Tuesday it will begin offering free stock trades for self-managed accounts through its Chase mobile banking app starting next week.

Related Videos

S&P rises to record high

The benchmark S&P 500 index clinched its longest-ever bull market run on Friday, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the U.S. central bank's current pace of rate hikes. Fred Katayama reports.

Buy experiential retail stocks, says Kim Forrest

Fort Pitt Capital Group's portfolio managers recommends buying stocks of retailers that offer experiences such as Urban Outfitters. She also tells Reuters' Fred Katayama U.S. stocks have momentum that can carry them higher.
Sponsored by IBM: Let’s put smart to work.

Technology today is smart. But is smart enough? You have to know how to apply it, train it, trust it, and make it secure. Let’s put smart to work.

Learn how to put smart to work.