Fidelity Investments winds down $3.5 billion index fund

Fidelity Investments is winding down a fund that had more than $3 billion in assets last year, with the Boston-based money manager citing an overlap in holdings of other funds used in its target-date…

Standard Chartered to part ways with three senior Asia bankers in coverage revamp: sources

Standard Chartered is parting ways with three senior Asia-focused bankers and possibly with some mid- and junior-level bankers, as the British lender moves ahead on a plan to cut costs and revamp its…

Three senior StanChart Asia bankers, including telecoms head, to leave: sources

Three senior Asia-focused bankers at Standard Chartered Plc are set to leave the bank, as it seeks to prune coverage of some industrial sectors while sharpening its focus on others, two people…

Australian insurer hired a private eye to surveil mentally ill woman

An Australian life insurer paid a private investigator who covertly filmed a mentally-ill woman eating breakfast, holding hands with her partner and undressing at a swimming pool in a bid to find…

iM Global buys stake in U.S. liquid alternatives firm

Investment firm iM Global Partner bought a stake in Dynamic Beta investments, a U.S. firm that tries to duplicate large hedge funds’ strategies but for far lower fees.

Australia regulator allowed insurer to avoid fine over misleading ads

Australia’s corporate regulator allowed an insurer to make a A$300,000 community donation to resolve cases of misleading advertising which could have drawn fines of up to A$8 million ($5.7…

COLUMN: U.S. government seeks to help small-business workers save for retirement

Both approaches have advocates when it comes to a critical retirement security goal: getting more workers at small businesses to save for retirement.

U.S. mutual fund investors flee domestic stocks in latest week: ICI

U.S. mutual-fund investors sprinted out of domestic stocks at the fastest pace in nine weeks as trade talks seemed to deteriorate and social media executives were grilled by lawmakers, Investment…