Bloomberg

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MUTUAL FUNDS APR 21, 2008
Amid downturn, some financial firms bolster sales staff

While some financial services firms tighten their belts in times of economic uncertainty, others see it as a good time to add sales jobs.

RIA NEWS APR 21, 2008
BofA takes $1.9 billion in write-downs

Bank of America Corp. reported a 77% decline in first-quarter earnings, to $1.21 billion, or $0.23 cents a share.

ALTERNATIVES APR 21, 2008
Unhedged hedge optimism

The current economic and market challenges apparently aren't enough to derail the growth and prosperity of the $2 trillion hedge fund industry, according to a survey of hedge fund managers.

LIFE INSURANCE AND ANNUITIES APR 21, 2008
NAIC slams NAIFA on charter support

“We are certainly ... disappointed that NAIFA’s board would suddenly change course on this important consumer protection issue"

ETFS APR 21, 2008
Active ETFs are, well, less active

If investors were expecting the first actively managed exchange traded funds to look anything like their mutual fund counterparts, they are probably disappointed by three ETFs that Invesco PowerShares Capital Management LLC introduced this month.

RIA NEWS APR 21, 2008
Embracing strategies based on derivatives

A small but growing number of advisers are turning to derivatives-based strategies to help manage increased levels of market risk.

MUTUAL FUNDS APR 21, 2008
ICA launches FundSelect

Investors Capital Advisory Services has released a new mutual fund wrap program named FundSelect.

REGULATION AND LEGISLATION APR 21, 2008
Auction rate securities class actions are filed

A spate of class actions involving auction rate securities may be behind an expected rise in securities class actions this year.

FINTECH APR 21, 2008
XLR8 takes CRM online

Advisers in the market for customer relationship management tools and aware of the popularity of giant Salesforce.com might be interested in examining XLR8 (pronounced "accelerate").

FINTECH APR 21, 2008
Resolver solves spreadsheet quagmire

What do you get when you combine an electronic-circuit designer turned accountant with an equity analyst turned fund manager, both of whom like to dabble in programming?