Bloomberg

Bloomberg
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ALTERNATIVES APR 20, 2010
Thesis 'democratizing hedge funds' with new alternative offering

Stephen Roseman has introduced the Thesis Flexible Fund, which aims to providers investors and advisers that want a hedge-fund-like investment but also the liquidity of a mutual fund

Charles Schwab profit takes a tumble in 1Q
RIA NEWS APR 20, 2010
Charles Schwab profit takes a tumble in 1Q

First-quarter earnings were down 45% at the discount brokerage. One positive sign: the number of net new accounts rose

TD Ameritrade's Tomczyk: We have 'firepower' for an acquisition
RIA NEWS APR 20, 2010
TD Ameritrade's Tomczyk: We have 'firepower' for an acquisition

E*Trade Financial Corp. shares gained the most since December after TD Ameritrade CEO noted that his firm could pull off a major deal

RIA NEWS APR 19, 2010
Deutsche Bank earns $2.4B in 1Q

Germany's biggest lender said record pretax profit at its corporate and investment bank unit along with improved revenues from selling and trading debt and equities, lifted its first-quarter results higher

REGULATION, LEGAL & COMPLIANCE APR 19, 2010
Adviser promising 483% returns—in less than two months—charged with $18M fraud

Gryphon Holdings Inc.'s owner and four employees of the Staten Island, New York-based investment firm were charged with conspiracy to commit securities fraud and wire fraud in an alleged $17.5 million scheme.

REGULATION, LEGAL & COMPLIANCE APR 19, 2010
Fed paper looks at ways to detect risks

After being blamed for failing to spot indicators leading to the latest recession, the Fed comes up with "an early warning system" to help detect problems before they reach crisis proportions.

RIA NEWS APR 19, 2010
Citi exec William R. Rhodes to retire

After 53 years with Citigroup, the senior vice chairman steps down from his position to serve the company as a senior adviser.

ALTERNATIVES APR 16, 2010
Paulson said to pare bets on recovery as main funds decline

Billionaire hedge-fund manager John Paulson, whose $32 billion firm has been betting on an economic recovery by 2012, has pared bullish bets across his funds, according to a person briefed on the investments.

REGULATION, LEGAL & COMPLIANCE APR 16, 2010
Obama finds ally in Bank of America boss

The Obama administration has found a banker it can do business with: Bank of America Corp.'s Brian Moynihan.

Merrill Lynch auction rate securities suit dismissed
RIA NEWS APR 16, 2010
Merrill Lynch auction rate securities suit dismissed

Merrill Lynch won dismissal of an investors' class-action lawsuit over auction-rate securities, at least the seventh such victory since the market collapsed in February 2008.