The appeal of alternative-investment strategies is becoming increasing apparent to traditional money management firms trying to capture a piece of that market, according to the latest research from Cerulli Associates Inc. in Boston.
The asset management arm of JPMorgan Chase & Co. held the top spot in a ranking of assets managed by hedge funds, with $48.1 billion as of July 1.
Raymond James & Associates Inc. analyst Paul Puryear downgraded homebuilder Toll Brothers Inc. to market perform from outperform today.
Luxury homebuilder Toll Brothers Inc. posted a loss and a 27% decline in net new-home orders in its fiscal third quarter.
The Morgan Stanley Real Estate Fund VII Global will invest at least $1.46 billion in China over the next few years.
Janus Capital Group Inc. today launched Janus Adviser Modular Portfolio Construction Fund (JSMPX), a fund of funds.
U.S. construction spending slipped 0.6% in July to a seasonally adjusted annual rate of $1.084 trillion, its lowest July level since 2004.
Despite consistently having generated above-average returns during much of the past six years, industrial real estate investment trusts, especially those with a global reach, are slipping along with the economy.
Five firms are said to have expressed interest in buying a stake in Lehman's investment management business.
An index covering all nine U.S. census divisions fell 15.4% compared with the year-over-year decline of 14.2% in the first quarter.
Sales were up 3.1% from June, but down 13.2% from the same month a year ago, according to NAR.
The funds gained some momentum during the quarter ended June 30, but are still struggling, according to HFR.
Paul Eustace will pay more than $279 million in restitution to settle charges that he defrauded commodity pool participants.
LandCap Partners has announced plans to buy $40 million of troubled land and construction loans from Wachovia Corp.
The cost of doing business increased to a 26-year high while housing starts crumbled to a 17-year low.
Funds of hedge funds, after enjoying steady growth since the beginning of the decade, are now seen by some in the industry as victims of their own success.
The number of homes receiving foreclosure notices surged to 272,171 in July, up 8% from June.
The firm plans to categorize and rate the 3,500 funds of hedge funds in its database.
The hedge fund industry faces growing opposition to its efforts to hold back restrictions on naked short selling.
Morgan Stanley Investment Management is counting on overseas growth to help get it back on track as revenue continues to fall.
