Bloomberg

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MUTUAL FUNDS SEP 22, 2008
The Reserve to halt redemptions on funds

Reserve Management Corp. New York filed with the SEC on Friday to suspend all redemptions from its Primary Fund and the U.S. Government Fund and postpone the date of payment of redemption proceeds for a period longer than seven days after the tender of shares for redemption.

ALTERNATIVES SEP 22, 2008
Hedge funds set to sue U.K. regulator

A group of the world's largest hedge funds are planning to sue the Financial Services Authority for millions of pounds of losses allegedly resulting from the regulator's ban on short selling, according to a report in the Sunday Telegraph.

ALTERNATIVES SEP 22, 2008
Report: Legg Mason eyeing private sector move

Baltimore-based Legg Mason is weighing a privatization move that could include one or two private-equity investors, with Kohlberg Kravis Roberts & Co. being one of the interested parties, the New York Post reported.

MUTUAL FUNDS SEP 22, 2008
Tax-exempt money market funds to be covered

The Department of the Treasury’s plan to back money market funds will include both taxable and tax-exempt funds.

LIFE INSURANCE AND ANNUITIES SEP 22, 2008
MBIA set to weather downgrade

The bond ratings agency said it has “sufficient” cash and government securities to fund potential termination payments related to guaranteed insurance contracts even if the notes issued by its MBIA Insurance Corp. unit are downgraded.

PRACTICE MANAGEMENT SEP 22, 2008
September Week 3: Checklists for retirement assets

Checklists don’t have to be complicated, but each client must have one that’s customized just for them.

INDEPENDENT BROKER DEALERS SEP 22, 2008
Assets at RIA firms hit $42.3 trillion

At a time when major investment banks are failing, the independent-advisory business is flourishing, according to a recent research report.

PRACTICE MANAGEMENT SEP 22, 2008
How to ease in-family succession

Although family members may work with them, most financial advisers do not think of their firms as family businesses. In their minds, the businesses are theirs — even when ownership is shared with other family members.

MUTUAL FUNDS SEP 22, 2008
As asset levels drop off, funds act to cut costs

Mutual fund families are cutting expenses because asset levels have dropped, reflecting the rocky markets.

ALTERNATIVES SEP 22, 2008
Bright spot in the dark

In a year of seemingly endless bad news for hedge funds, many hedge-fund-of-funds managers, especially institutionally focused firms, actually thrived.