Bloomberg

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REGULATION, LEGAL & COMPLIANCE MAR 03, 2009
$138M in ND investments frozen by fraud case

Federal authorities have frozen $138 million in North Dakota's state pension and workers compensation funds, records show.

MUTUAL FUNDS MAR 03, 2009
Smith Barney ends exclusive Legg fund deal

Smith Barney's exclusive deal with Legg Mason to distribute funds run by Bill Miller has come to an end.

RIA NEWS MAR 03, 2009
Raymond James snags outsider to succeed CEO

Raymond James Financial announced that Paul Reilly, executive chairman of Korn/Ferry International, will join the company as president May 1, and after one year will succeed Thomas James as chief executive.

ALTERNATIVES MAR 03, 2009
Citi to lower some mortgage payments

Citigroup Inc. said Tuesday that it will lower mortgage payments for some homeowners for three months as part of a new program to help the unemployed.

REGULATION, LEGAL & COMPLIANCE MAR 03, 2009
Mutual fund industry calls for superregulator

The mutual fund industry today called for combining the Securities and Exchange Commission and the Commodity Futures Trading Commission into a one entity.

REGULATION, LEGAL & COMPLIANCE MAR 03, 2009
Fed rolls out consumer credit program

The Department of the Treasury and the Federal Reserve today launched a program designed to increase lending to consumers and small businesses.

RIA NEWS MAR 03, 2009
At a glance: American Recovery and Reinvestment Act

You have received a barrage of telephone calls from your clients asking how the new stimulus package might affect them.

MUTUAL FUNDS MAR 03, 2009
T. Rowe promotes two managers to new posts

T. Rowe Price Group Inc. has restructured its equity leadership, elevating two top portfolio managers into new posts overseeing domestic and international equities.

RIA NEWS MAR 03, 2009
Sen. Levin seeks to close tax-haven loophole

The offshore tax-haven loophole could be getting a lot smaller if Sen. Carl Levin, D-Mich., has his way.

ALTERNATIVES MAR 03, 2009
Hedge funds 4Q outflow largest since ‘94

Investors yanked about $147 billion from hedge funds worldwide in the fourth quarter of 2008, a 689% decline from the third quarter.