Stephen Lieber, lead portfolio manager of the Alpine Dynamic Innovators Fund (ADINX), said he is starting 2008 with a portfolio positioned to be nimble by allocating nearly half the $68 million fund to cash.
Mutual fund companies largely have been immune to lawsuits stemming from the subprime-mortgage crisis, but that soon may change.
The typical American financial adviser is 50.4 years old, works with 250 to 500 clients and manages $25 million to $100 million in assets.
The mother convicted with her son in a multimillion-dollar hedge fund scheme will be sent back to Turkey.
A meeting of some 50 independent mutual fund chairmen and lead directors this week could result in the creation of a permanent organization for independent fund executives.
As subprime-related losses mount, the word itself has proved to be a winner.
Although not a major overhaul of its product, Version 3.0 of Money Tree Software Ltd.'s Total Planning Suite offers new reporting features and an updated interface that make it an improvement over the previous incarnation.
Upon implementation of the Pension Protection Act one year ago, sponsors of 401(k) plans gained the opportunity to limit their liability for advice given to participants under eligible investment advice arrangements.
Moody's downgrade of FMR Corp.'s debt rating reflects an unseen mountain of unrated debt the company has accumulated in recent years, according to the rating agency.
A 2008 recession could last longer and be more severe than any since the end of World War II, say economists.
