The insurer’s valuation of credit default swaps are in question, according to The Wall Street Journal.
Michael Burson has been promoted to senior vice president for recruiting in Asia.
The platform will include eight product solutions, four mutual fund portfolios and the FundQuest ActivePassive Portfolio.
The net wealth of U.S. households declined by $1.7 trillion, in the first quarter of the year, the largest decrease since 2002.
The bond insurers are also facing downgrades from Moody's Investors Service.
The Current Conditions Index shed nearly 17 points to fall to a reading of 40.5, down from a reading of 57.4 last month.
The joint venture expects to invest $50 million to $200 million per deal, covering a variety of hedge fund strategies.
This year through April, just seven deals for RIAs were struck, in contrast to last year, when 58 deals were struck.
The bond insurers are also facing downgrades from Moody's Investors Service.
The joint venture expects to invest $50 million to $200 million per deal, covering a variety of hedge fund strategies.
