Toll Brothers reported double-digit declines in new home orders, revenue and home prices in its second quarter.
California has backed away from a controversial proposal to regulate hedge funds under strong opposition from its hedge fund industry.
The private-equity fund is part of a move to invest in sectors that haven’t been hit by the credit crunch.
Advisers may see increasing numbers of mutual fund products that include alternative-investment strategies.
Hedge funds gained ground in April, rebounding from a rough March, according to industry indicators.
Plus Money and its principal allegedly raised $30 million from approximately 300 investors.
One culprit driving volatility is the “significant increase in the number and impact of 130/30 funds,” according to the Security Traders Association.
As hurricane season approaches, financial advisers continue to look warily upon catastrophe bonds
Home foreclosure filings increased 112% during the first quarter of 2008, according to RealtyTrac Inc.
The Managed Funds Association, following the direction of many of its hedge fund members, is moving to get ahead of an expected trend toward increased regulatory oversight.
Ex-execs committed securities fraud by allowing a hedge fund to profit by quickly trading shares, the SEC alleges.
Greg Coffey, a portfolio manager with the hedge fund, who oversees $7 billion in assets, is stepping down May 1.
Derek Kaufman, who spent 12 years at JPMorgan, will serve as the hedge fund's senior managing director.
Sales of existing homes decreased by 2% last month to a seasonally adjusted rate of 4.93 million units.
The current economic and market challenges apparently aren't enough to derail the growth and prosperity of the $2 trillion hedge fund industry, according to a survey of hedge fund managers.
Activist hedge fund manager Phillip Goldstein will create a non-profit to help the industry challenge "regulatory injustices."
Paulson & Co.'s John Paulson was paid $3.7 billion in 2007, surpassing George Soros, who received $2.9 billion.
Samuel Israel III, former CEO of the defunct Bayou hedge fund, was also ordered to pay $300 million in restitution.
Hedge fund managers prepared one set of recommendations; investors with money in the funds compiled the other.
Headstart Advisers and its chief investment adviser, Najy N. Nasser, reaped $198 million in illicit profits, the SEC alleges.
