Bloomberg

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ALTERNATIVES SEP 18, 2008
U.S. hedge funds blast U.K. short-selling ban

A ban on the short-sale of financial stocks put into effect today by Britain’s Financial Services Authority today was criticized by the U.S. trade group that represents hedge funds.

RIA NEWS SEP 18, 2008
Advisers reaching out to anxious clients

More than 77% of 1,003 advisers who responded to an <i>InvestmentNews</i> survey over the past 36 hours fear the news coming out of Wall Street is likely to get worse before it gets better.

ALTERNATIVES SEP 17, 2008
Housing starts fell 6.2% in August

Housing starts fell 6.2% last month from July to a seasonally adjusted annual rate of 895,000 units. That is 33.1% below the figure reported in August 2007, according to a report that the Department of Commerce released this morning.

LIFE INSURANCE AND ANNUITIES SEP 17, 2008
MetLife has $800M exposure to Lehman, AIG

MetLife Inc. has some $800 million in exposure to the now-collapsed Lehman Brothers Holdings Inc. and the just-rescued American International Group Inc. and is assessing the recoverability of those investments.

RIA NEWS SEP 17, 2008
'Blank check' firm buys Advanced Equities

Dekania Corp., a special-purpose acquisition company looking to invest in an insurance business, announced Monday that it was merging with Chicago-based Advanced Equities.

MUTUAL FUNDS SEP 17, 2008
Huge money market fund 'breaks the buck'

The nation&#8217;s oldest money market mutual fund, The Reserve Primary Fund (RPRXX), fell below $1 in net asset value yesterday because of its exposure to debt from Lehman Brothers Holdings Inc.

RIA NEWS SEP 16, 2008
Morgan Stanley rushes out earnings

Morgan Stanley, which saw its stock fall as much 28% at one point on Tuesday after a drop of 13.5% on Monday, rushed out its fiscal third-quarter earnings report after the market closed today, trying to reassure investors that it is standing up to the market turmoil that has felled some top competitors.

RIA NEWS SEP 16, 2008
No tax advantage to spreading out settlement

An employer provided a worker with a lump-sum payment of approximately $35,000 during the first year of his disability, which he declared as income when he completed his tax return.

PRACTICE MANAGEMENT SEP 15, 2008
September Week 2: Committing to a review-plan calendar

Unless you position your value as a retirement rollover resource for your top clients now, you risk losing out on the significant assets these clients hold away from you.

LIFE INSURANCE AND ANNUITIES SEP 15, 2008
Advisers watch grim AIG saga unfold

After a weekend of turmoil, shares of American International Group Inc. lost more than half their value in the first hour of trading.