Twenty-eight percent of the RIA firms surveyed have experienced growth of more than 100%.
The number of mortgage applications filed increased by 28.4% for the week ended Jan. 11.
Despite a troubled economy, the hedge fund industry attracted a record $194.5 billion in new investor capital in 2007.
JPMorgan Chase said forth-quarter profit fell 34% after the firm posted a $1.3 billion write-down on subprime mortgages.
“The NAIC investigated itself with an attorney who used to work for the insurers,” said the Life Insurance Settlement Assoc. chief.
U.S. consumer prices rose 0.3% in December of 2007, followoing an 0.8% bump in November, the largest of 2007.
Outgoing Rep. Richard Baker, R-La., will be the new president and chief executive of the Managed Funds Association.
Producer prices were up 6.3% in 2007, the largest full-calendar-year rise since 7.1% in 1981.
Ex-Fed chief Alan Greenspan’s guidance will be exclusive during his tenure at Paulson & Co.
Knight Capital has bought EdgeTrade, a privately-held agency-only trade execution and algorithmic software company.
