CHICAGO (Reuters) - The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but employers are doing surprisingly little to prepare to meet the challenges or adapt to employees' needs.
NEW YORK (Reuters) - Equity exchange-traded funds, which draw a diverse set of clients including fast-trading hedge funds, attracted $7.54 billion of net new cash in the week ended June 13, according to Investment Company Institute data released on Wednesday.
LONDON (Reuters) - The majority of hedge funds are passing on charges for investment research to investors under new European Union rules, despite years of poor average performance and as many large traditional asset managers absorb the cost themselves.
NEW YORK (Reuters) - Hedge fund Tourbillon Capital Partners, which has made headlines with negative returns lately, hired former hedge fund manager Ross Berman as its president and chief strategy officer, a spokesman said on Wednesday.
(Reuters) - Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.
WASHINGTON/NEW YORK (Reuters) - Bank of America Corp's Merrill Lynch unit admitted to misleading brokerage customers about which firms processed their trades and agreed to pay a $42 million fine under a settlement with the U.S. Securities and Exchange Commission announced on Tuesday.
NEW YORK (Reuters) - State Street Global Advisors said on Tuesday that it had launched an exchange-traded fund (ETF) that will track the recently refreshed communication services sector, which includes telecom and social media firms such as Facebook Inc and Verizon Communications Inc.