The 100 largest hedge funds now control about 70% of hedge fund money, up almost 20% from 2003, according to Morgan Stanley's prime-brokerage unit, says a Wall Street Journal report.
Merrill Lynch & Co. Inc.'s first-quarter profits increased 31% from a year ago, when it took a charge related to its acquisition of BlackRock Inc. the company reported today.
CBOT Holdings Inc. posted a 58% increase in net income due to higher trading volume, the exchange announced today.
Fidelity Investments’ vice chairman and chief operating officer, Robert Reynolds, announced his retirement today and Ellyn McColgan was named president of distribution and operations.
Less than a week after Citigroup Inc. agreed to purchase Old Lane LP and tap Vikram Pandit, its founder, to become head of Citi Alternative Investments, Citigroup’s Dean Barr has resigned as head of liquid markets.
The hedge fund industry posted record inflows of more than $60 billion during the first quarter, bringing total assets under management to $1.57 trillion, according to data released today by Hedge Fund Research Inc.
Nasdaq Stock Market Inc. posted a disappointing 1.7% increase in first quarter net income due to charges related to its failed bid to acquire the London Stock Exchange.
E*Trade Financial reported a 19% increase in first quarter profit on growth in client assets.
BlackRock Inc. posted a whopping 176% jump in first-quarter net income as demand for its products has improved following its merger with Merrill Lynch & Co. Inc.'s asset management unit last year.
JPMorgan Chase & Co. posted a 55% increase in quarterly earnings, energized by gains in its investment banking and asset management businesses.
