Bloomberg

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ALTERNATIVES MAY 30, 2007
Goldman's lead hedge fund takes hit

Global Alpha, Goldman Sachs’ flagship hedge fund, fell 3.4% during the first four months of this year.

LIFE INSURANCE AND ANNUITIES MAY 29, 2007
NYLI promotes two in legal dept.

New York Life Insurance Co. has announced promotions in its general counsel department.

RETIREMENT PLANNING MAY 29, 2007
New 401(k) platform features iShares

A new 401(k) plan featuring iShares ETFs from Barclays Global Investors is now available.

ETFS MAY 29, 2007
State Street to launch SPDR ETFs

State Street Global Advisors announced five new fixed-income SPDR ETFs will begin trading on the American Stock Exchange tomorrow.

ALTERNATIVES MAY 29, 2007
Atkins eyed as CFTC head, says report

Paul S. Atkins, a commissioner of the SEC, is in line to head up the Commodity Futures Trading Commission, the Financial Times reported.

WIREHOUSES MAY 29, 2007
Bear Stearns makes London hires

The Bear Stearns Cos. Inc. today expanded its European investment banking division with a series of new appointments.

LIFE INSURANCE AND ANNUITIES MAY 29, 2007
RBS & Co. bids for ABN

A group of banks led by the Royal Bank of Scotland Group has formally launched a $95.6 billion bid for ABN Amro Holding.

WIREHOUSES MAY 29, 2007
UBS M&A chief jumps ship

Jeff Raich, co-global head of mergers and acquisitions, is the latest high-ranking investment banker to leave UBS AG.

REGULATION, LEGAL & COMPLIANCE MAY 29, 2007
Entrepreneur’s actions garner attention of life insurance industry

Philanthropist and insurance tycoon Barry Kaye is bringing unwanted attention to a university that has benefited from his largess and to the life settlement industry.

INDEPENDENT BROKER DEALERS MAY 29, 2007
NPC’s new CEO aims to fill void in recruiting

Inheriting a depleted recruiting staff, the new head of National Planning Corp. immediately will focus on rebuilding that team. Last Monday, Santa Monica, Calif.-based NPC said that Scott Romine was replacing M. Shawn Dreffein as its CEO.