Updated December 7 at 5:07pm
Investing
318 results total, viewing 81 - 90
The R.I. State Retirement Commission last month decided to cut its roughly $1 billion investment into hedge funds in half, saying the asset has underperformed and cost the state too much in fees over the last five years. The precarious … more
Jonathan Nelson is one of the 400 richest Americans, according to Forbes. more
A Morgan Stanley unit allegedly set up a high-pressure contest to spur financial advisers to cross-sell loans backed by investment accounts in an effort to boost banking and lending business and gain ground on rivals, the Massachusetts securities regulator said in a complaint against the company. more
Morgan Stanley is in trouble in Massachusetts for allegedly running a sales contest for some of its financial advisers in which the advisers could win valuable prizes by convincing clients to borrow against their brokerage accounts. Except that the prize money could only be spent on entertaining more clients: more
Universal Wealth Management, an independent financial services firm, has moved its headquarters from Providence to Cranston. more
Randal Poirier, a financial planner and partner at Independence Financial Partners, recently received an ACE Gold Award from Signator Investors Inc. more
Banco Santander SA lowered its profitability target for 2018 as growth expectations worsened in the U.K. and other countries where the Spanish bank does business. more
General Treasurer Seth Magaziner has said he is going to reduce the use of hedge funds in the state's $7.6 billion pension fund. Given the poor returns and high fee structures of hedge funds, a change makes sense. But there is a much larger … more
Rhode Island's college-savings 529 plan has changed. How does it look? In 2015, Rhode Island selected a new investment firm and program administrator to run the state's college-savings 529 plan. The transition was completed in July 2016. … more
(Updated 11:51 a.m.) Faced with high fees and poor performance, Rhode Island’s general treasurer plans to reduce the state’s investment in hedge funds, walking back a strategy implemented during the Great Recession. more
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