Global hedge fund assets will return to their 2007 peak level of $2.9 trillion by 2013, according to the latest research from Cerulli Associates Inc. in Boston.
The chairman of the House Financial Services Committee says that Congress will substantially increase the power of government regulators to monitor derivatives, a type of financial instrument that contributed to the U.S. economic turmoil.
Ameriprise Financial Services Inc. of Minneapolis has agreed to pay $17.3 million to settle charges that it received nearly $31 million in undisclosed compensation for selling its brokerage customers real estate investment trusts between 2000 and 2004, the Securities and Exchange Commission announced today.
Hatteras Funds has entered into an agreement to acquire Alternative Investment Partners LLC, which manages the AIP Mutual Funds.
The hedge fund industry experienced gains in the first half of the year, according to data released today by Hennessee Group LLC of New York.
Private-equity firms continue to struggle to raise funds as the recession wears on, according to a report today in the Dow Jones Private Equity Analyst newsletter.
Real estate managers are making a mad scramble to raise cash.
The Charles Schwab Corp., which promised to spell out details of its plan to help advisers move alternative assets from its platform this month, has nearly met its deadline.
Disclosure of specific environmental, social and corporate governance issues was seen as the major challenge facing socially conscious investors in emerging-market companies, according to a survey of institutional investors.
The Securities and Exchange Commission is considering whether trading in over the counter derivatives should be reported like other securities transactions, SEC Chairman Mary Schapiro told a congressional subcommittee today.
For as long as mutual funds have been able to sell stocks short, there have been attempts to bring more-sophisticated hedge fund strategies to the mutual fund world. But it is rare for a hedge fund to undergo a complete transformation into a mutual fund.
Dismal economic conditions are forcing Fidelity Investments to shut down a private-equity unit.
When the economic recovery finally arrives, many small business owners won't try to rebuild their shrunken stock portfolios.
The 50-50 joint venture will be called the New York Portfolio Clearing. It is expected to be operational in the second quarter of 2010, once it gets necessary regulatory approvals.
Hedge funds produced some solid numbers in May, according to the latest report from Morningstar Inc. in Chicago.
Morgan Stanley is expected to introduce a new level of security for hedge fund investors, according to a report by The Wall Street Journal.
The Commerce Department said Tuesday that construction of new homes and apartments jumped 17.2% to a seasonally adjusted annual rate of 532,000 units.
Hedge funds gained 5.77% in May and 10.75% for the year through May 31, according to research from BarclayHedge.
A sprawling case of alleged securities fraud involving an independent broker-dealer and two brokers may wind up costing an insurance company $10.3 million.
Hedge funds averaged positive returns in May after posting the highest return in more than five years in April, according to estimates released yesterday by HedgeFund.net.
