Industry News

Briefly:

Due to the historically low short-term interest rates, Fidelity Investments will temporarily waive a portion of management fees charged on its money market funds with the goal to maintain a positive yield for investors. However, Fidelity will not be changing the investment approach of these funds to seek higher yields. The reduced fees will apply […]

By Staff |May 1, 2009

3 min read

Insurance distributors push for electronic data standards

Paper is bad. That was the simple message insurance product distributors sent to carriers at today’s annual CLIEDIS general meeting. The association is dedicated to the development of a viable electronic data exchange between insurance carriers and distributors. “Our management system has been able to give you all this data for years. You just won’t […]

By Philip Porado |May 1, 2009

4 min read

Ravaged by recession, advisors drop licenses

Advisors periodically have to instruct clients to dispose of an unprofitable or troublesome investment. They now face similarly pragmatic decisions on one of their own largest investments — their mutual fund business. Some advisors have recently taken a look at their own “big-picture” and decided to exit the fund business, at least in part because […]

By Al Emid |May 1, 2009

4 min read

Why the tenets of investing sometimes fail

The current crisis in the markets demonstrates a need for investment professionals to rethink everything they were taught about the way markets operate, says Andrew Lo, well-known financial theorist and finance professor. At the annual CFA Institute Conference in Orlando, FL, the Harris & Harris Group Professor of Finance at the Sloan School of Management […]

By Mark Noble |April 30, 2009

5 min read