Lehman Brothers plans to raise $500 million for a fund that invests in private equity companies, according to published reports.
The London Stock Exchange has launched a new electronic trading system which promises to execute trades in 10 milliseconds.
Noted academic Frank J. Fabozzi will serve as senior adviser to ETF and index research firm IndexIQ Inc.
Morgan Stanley scored record levels of income and net revenues during the second quarter.
Federal court trials have started for Gregory L. Reyes, former chief executive of Brocade Communications.
Compensating brokers for servicing mutual fund shareholders was anticipated by the SEC when it first adopted12(b)-1 fees in 1980.
Hedge fund net inflows picked up $20.7 billion during the first quarter, bringing 12-month inflows to $99.3 billion.
Pyramis Global Advisors, a Fidelity Investments Co. subsidiary, has appointed Daniel E. Crowe as a portfolio manager of mid-cap growth equities for institutional clients.
The cost of owning mutual fund shares fell to the lowest levels in more than a quarter century last year.
Bear Stearns’ investment bank may lend $1.5 billion to save one of the company's struggling hedge funds, according to a Wall Street Journal report.
