Bloomberg

Bloomberg
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RIA NEWS MAY 23, 2007
Eaton Vance IPO erodes 2Q profits

Eaton Vance Corp. reported a 42% fall in profits for the<br>second quarter today.

ALTERNATIVES MAY 23, 2007
Gotham founds cancer research prize

Two hedge fund managers have joined forces with scientists to launch a $1 million prize for cancer research.

LIFE INSURANCE AND ANNUITIES MAY 23, 2007
Aon CFO to depart

Aon Corporation announced today that chief financial officer David P. Bolger will leave the Chicago-based insurance broker after the appointment of his successor.

ETFS MAY 23, 2007
Lipper launches target-risk ETFs

Lipper Inc. of New York announced today it has created a suite of target-risk fund benchmarks made up exclusively of exchange traded funds.

ALTERNATIVES MAY 23, 2007
UBS sued by ex-hedge fund

Defunct hedge fund Wood River Partners LP is suing its prime broker, UBS, for $200 million.

ETFS MAY 22, 2007
Euronext profits down, revenues up

Euronext NV today reported a 4.4% profit loss during the first quarter, due to a reclassification of the company&#8217;s stake in LCH.Clearnet.

WIREHOUSES MAY 22, 2007
JPMorgan Chase debuts ADRs

JPMorgan Chase &amp; Co. has launched 12 indexes comprising exchange-listed American Depositary Receipts and Global Depositary Receipts.

ALTERNATIVES MAY 22, 2007
Hedge funds return 2.04% in April

Hedge fund returns were up in April but fell short of several leading major indicators.

ETFS MAY 21, 2007
Vanguard files for fifth ETF

The Vanguard Group Inc. announced it filed a registration statement with the SEC for its fifth international exchange traded fund.

ALTERNATIVES MAY 21, 2007
Merrill buys big stake in GSO hedge fund

Merrill Lynch &amp; Co. Inc. is purchasing a 20% minority stake in a hedge fund with $8 billion in assets under management.