As it faces $6 billion in new write-downs, Merrill Lynch may sell its BlackRock and Bloomberg interests.
The Alternative Investment Management Association is preparing the first-ever practice standards for funds of hedge funds.
London-based hedge fund taps emerging markets expert to run a $1.2 billion special situations fund.
The decrease in non-farm payrolls follows a decline of 49,000 jobs last month.
Hedge fund fugitive Samuel Israel today told a judge that he unsuccessfully tried to overdose on drugs.
Smart advisers don’t rely on a client’s memory about beneficiary designations; they ask to see paperwork.
The European Central Bank raised its benchmark interest rate a quarter point to 4.25% to combat fears about inflation.
Americans reacted to soaring gasoline and food prices and the worst stock market since the Great Depression.
The job cuts mark the largest decrease since November 2002, according to the monthly ADP National Employment Report.
Former chief executive Martin Sullivan's package includes equity and cash awards valued around $28 million.
