Bloomberg

Bloomberg
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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.

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.

FIXED INCOME MAR 03, 2009
Fitch’s plan to change muni ratings put on hold

Fitch Ratings is putting off a review of its municipal ratings program because of the economic downturn.

ALTERNATIVES MAR 03, 2009
Homes sales hit new low in January

The number of people signing contracts to buy homes tumbled to a new low in January.

REGULATION, LEGAL & COMPLIANCE MAR 03, 2009
SIPC raises assessment fees on brokerage firms

The Securities Investor Protection Corp. will raise member brokerage firm assessments to 0.25% of net operating revenue. The new rate, up from the current flat $150 per year, is effective April 1.

RIA NEWS MAR 02, 2009
The Dow drops below 7,000; lowest since '97

The Dow Jones industrial average has fallen below 7,000 Monday for the first time in more than 11 years.

RIA NEWS MAR 02, 2009

LIFE INSURANCE AND ANNUITIES MAR 02, 2009
Conseco posts 4Q loss of $406.8M

Conseco Inc. today announced a whopping $406.8 million loss, or $2.20 a share, for the fourth quarter of 2008, and warned it will be late in filing its annual report late.

MUTUAL FUNDS MAR 02, 2009
Investors bailing out of stock funds: Report

Investors worldwide pulled money out of stock funds last week at levels last seen in mid-October.