Shares of Fortress Investment Group LLC today dipped below the price at which the hedge fund and private-equity manager filed its initial public offering in February.
The Hartford generated second-quarter core earnings per share of $2.39, up 31% from the same period last year.
The head of Goldman Sachs’s equity proprietary trading desk will start a hedge fund inside the firm, said a report.
Bear Stearns has seized the assets from one of its troubled hedge funds, according to published reports.
Leon Black could hold a stake worth $3 billion once the private equity firm sells part of itself to investors, the New York Post reported.
A bill that would increase 401(k) disclosure should be put on hold, according to the American Benefits Council.
The SEC approved a new accounting standard that would lower costs on Sarbanes-Oxley compliance.
FSC Securities of Atlanta was taken to task in a recent NASD arbitration panel decision.
Democratic presidential candidate John Edwards wants to raise the capital gains tax from 15% to 28%.
SEC chairman Christopher L. Cox delivered Congress a "white paper" calling for upgrades to accounting and disclosure in the municipal securities market.
