They are the ultimate go-anywhere funds — global funds that can invest virtually anywhere, regardless of geography — and they are growing in number.
Fears of short supply in the largest oil-producing nations and a weak dollar sent crude oil prices above the $147-per-barrel mark.
The Loomis Sayles Small Cap Value Fund was launched May 13, 1991, and has $1 billion in assets under management.
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The U.S. trade deficit contracted by 1.2% in May as the value of goods and services exported increased faster than those that were brought in.
Mutual funds voted in favor of management proposals more than 90% of the time in 2007, an ICI study found.
Investors in Sandelman Partners $3.2 billion multistrategy hedge fund have been barred from making withdrawals.
U.S. chain store sales rose 4.3% in June — the biggest gain in more than a year — aided by strong performances from discount stores.
Hedge Fund Research Inc.'s Fund Weighted Composite Index fell 0.68% in June and is down 0.75% this year.
