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ALTERNATIVES FEB 13, 2009
Institutional investors sticking with alternatives

The current market turbulence combined with some spectacular scandals has not yet jarred institutional investors from their investment strategies.

FINTECH FEB 13, 2009
RolloverSystems; SunGard

RolloverSystems has made WealthConnect, an education and financial planning tool, available to clients.

ALTERNATIVES FEB 12, 2009
Asian hedgers fail to earn performance fees

A brutal 2008 will mean that a majority of Asian hedge funds will not charge performance fees, according to published reports.

RIA NEWS FEB 12, 2009
Housing prices plunge 12.4%

Foreclosures and short sales took a toll on home prices in the fourth quarter as the median price of existing single family homes plunged 12.4% from a year earlier.

RIA NEWS FEB 12, 2009
AllianceBernstein vet tapped as GMO’s first CEO

Marc Mayer, a 20-year veteran of AllianceBernstein, was tapped as the first chief executive of GMO LLC, a spokesman confirmed today.

RIA NEWS FEB 12, 2009
Genworth picks State Street as manager

Genworth Financial Wealth Management selected State Street Global Advisors to manage six portfolios using State Street’s SPDR exchange traded funds.

RIA NEWS FEB 12, 2009
Retail sales rise

After a six-month slump, retail sales rose for the first time in January, according to a Department of Commerce report released today.

REGULATION, LEGAL & COMPLIANCE FEB 12, 2009
Ruth Madoff withdrew $15.5M

The wife of accused swindler Bernard Madoff withdrew $15.5 million from a brokerage account in the weeks before he was arrested.

RIA NEWS FEB 12, 2009
High-quality corporates boost pension fund returns

The rising rates of high-quality-corporate-bond yields are helping pension funds offset the impact of the stock market downturn.

REGULATION, LEGAL & COMPLIANCE FEB 12, 2009
FBI to crack down on financial fraud

To protect consumers against fraud associated with the current economic crisis, the FBI has increased its investigation into corporate financial crimes.