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.
The Goldman Sachs Group today established Goldman Sachs Gives, a donor-advised charitable fund.
The Boston-based money manager reported earnings of $61.4 million, or 47 cents per share.
He joins chief executive Sy Sternberg and Ted Mathas, chief operating officer on the board.
The dollar slid to a new low against the euro today, sending the price for a barrel of crude oil to a new record high.
