A total of 222,184 consumer complaints were reported to the NAIC last year, a 3.6% fall from 2006.
The Morgan Stanley Global Long/Short Fund aims to offer an institutional-quality portfolio of long/short equity hedge funds.
The firm’s parent company, National Financial Partners, will replace Jeff Montgomery from within.
MBIA, the troubled Armonk, N.Y.-based bond insurer, posted a $2.3 billion loss and a write-down of $3.5 billion.
Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.
Self-reporting in areas such as the retention of e-mails “is more of an art than a science,” said the CEO of ING.
This followed a 4.7% increase in the third quarter, bringing average growth in 2007 to 2.2%, compared with 2.9% in 2006.
Daniel Marino, who faced a maximum sentence of 50 years, had sought leniency due to his cooperation with prosecutors.
UBS posted a $14 billion write-down that will result in a $12.5 billion fourth-quarter loss.
Claymore Securities has unveiled the Claymore/AlphaShares China Small Cap Index exchange traded fund on Amex.
