Optimism plummeted to its lowest level in two years this month, according to the UBS/Gallup Index.
Last year, returns at the fund topped 30% after it took over some assets from Amaranth Advisors.
Top funds operated by Fidelity Investments stopped voting against shareholder resolutions that urge disclosure of corporate political spending for the 2007 proxy season, according to a study by a group that advocates for transparency in political spending.
Kevin Grant has been chosen as senior vice president of business planning services for Jackson National Life Distributors.
Goldman Sachs is aiming to raise up to $6 billion in an effort to patch up the tattered reputation of its hedge fund business.
Rydex Investments of Rockville, Md., is hoping that a glitzy new marketing campaign that includes television commercials will help it overcome the head start its chief rival has taken with regard to inverse and leveraged exchange traded funds.
Daniel Young will be responsible for the day-to-day management of the broker-dealer.
Seven of the 10 indicators were in negative territory, led by building permits and initial claims for unemployment insurance.
Claims now stand at 330,000, lower than earlier this month but still up from 322,000 at this time last year.
Consumer sentiment fell to the lowest level in two years, as rising fuel and food costs strained household budgets.
