The Markets

Mellon Releases Target Maturity Funds

Mellon Capital Management Corporation has launched the Mellon Capital Target Maturity Funds, a group of portfolios designed to systematically adjust investors' asset allocation as they approach their projected...

Evergreen Settles With NASD for $4.2M

Evergreen Investments, a unit of Wachovia Corporation, agreed to pay a $4.2 million civil penalty to settle National Association of Securities Dealers (NASD) allegations that it adopted improper...

DoL QDIA Proposal Prompts 98 Comment Letters

The Department of Labor’s (DoL) September proposal governing qualified default investment alternatives (QDIAs) evoked applause from the retirement industry, but that approval was soon followed by a flood...