Hedge fund liquidations outpaced hedge fund launches during the third quarter, offering more solid evidence that the weakened state of the global economy is taking its toll on the $1.6 trillion hedge fund industry.
More than 7% of 401(k) assets were invested in target date funds at the end of 2007 and 25% of 401(k) participants held the funds, according to an analysis released today.
A federal jury yesterday convicted two former KPMG LLP executives and a tax lawyer of tax-evasion charges in one of the largest tax-shelter cases of all time, according to published reports.
Does Mary Schapiro have the right stuff to take on the big firms? Although praise is coming in from many quarters for the nomination of the Finra chief to head up the Securities and Exchange Commission, there may be cause for concern.
The Managed Funds Association, the Washington-based organization that represents the hedge fund industry, announced its support for Mary Schapiro as the new head of the Securities and Exchange Commission and Gary Gensler, who will head-up the Commodity Futures Trading Commission.
Homebuilder Lennar Corp. posted a loss in its fiscal fourth quarter that was significantly smaller than last year’s record loss, but executives at the Miami company have yet to see signs that the troubled housing industry has bottomed.
Mutual fund assets will remain in decline unless regulations put them on equal footing with other investment vehicles, such as ETFs, according to a study released this week by Celent, a Boston-based research and consulting firm.
President-elect Barack Obama has nominated Mary Schapiro, the chief executive of the Financial Industry Regulatory Authority Inc. of New York and Washington, as chairwoman of the Securities and Exchange Commission.
Axa SA of Paris, Massachusetts Mutual Life Insurance Co. of Springfield and Swiss Reinsurance Co., as well as other all-star companies, have also been exposed to Mr. Madoff’s alleged $50 billion Ponzi scheme.
Chief executive John Mack sounds the retreat from Morgan Stanley's swashbuckling days after the firm ost $2.34 per share for the quarter ended Nov. 30.
