New York Life Insurance Co. has promoted Gary Scofield to senior vice president and chief actuary.
Hedge funds have beaten out the major indicators in the month of June.
Runaway hedge fund manager Michael Berger, whose U.S. fund lost $400 million, was caught in Austria last week, according to published reports.
Two-thirds of defined benefit pension sponsors have either closed their plans to new hires or have frozen such pensions for all participants in the last two years.
TD Ameritrade will not open its books to two hedge funds that have urged it to consider a sale or merger.
In an unexpected move, Lincoln Financial Group announced that its chairman and CEO will retire on Sept. 1.
Presidential candidate John Edwards stands behind proposed tax hikes for private-equity and hedge fund managers, the Wall Street Journal reported.
Morgan Stanley has bought Daewoo Engineering & Construction Co.'s Seoul headquarters for $1.04 billion, published reports said.
A controversial proposal to raise wealth qualifications in alternative investments is being put on hold by the SEC.
The cost of fighting money laundering has risen 58% since 2004, according to a survey by KPMG.
