Banc of America Securities cuts its earnings estimates and price targets on Blackstone Group and Fortress Investment Group.
London-based hedge fund taps emerging markets expert to run a $1.2 billion special situations fund.
The Alternative Investment Management Association is preparing the first-ever practice standards for funds of hedge funds.
Smart advisers don’t rely on a client’s memory about beneficiary designations; they ask to see paperwork.
Hedge fund fugitive Samuel Israel today told a judge that he unsuccessfully tried to overdose on drugs.
Americans reacted to soaring gasoline and food prices and the worst stock market since the Great Depression.
The decrease in non-farm payrolls follows a decline of 49,000 jobs last month.
The European Central Bank raised its benchmark interest rate a quarter point to 4.25% to combat fears about inflation.
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.
