In the wake of plunging investor confidence, mutual fund firms have developed advertising messages that stress solidity.
Hedge fund managers and other short sellers will have to continue to work around an emergency SEC rule that prohibits short selling of more than 800 banks and related financial companies — but the prospect of a permanent ban has the industry up in arms.
The House of Representatives on Friday approved a $700 billion bailout package and passed it along to President Bush who immediately signed it into law.
Reserve Management Co. denied claims of insider trading related to its Primary Fund in response to a lawsuit that Ameriprise Financial Inc. filed.
The non-manufacturing sector is experiencing anemic growth, reflecting difficult economic times and the financial crisis.
Research on the often opaque hedge fund industry is about to get a little easier for qualified investors because of a new online platform.
Advent Software completes acquisition of Tamale Software, and Minuteman Advisor Services offers an online portfolio rebalancing platform.
Hedge funds had their worst month in a decade in September because of short selling restrictions, the liquidity crunch and stock volatility.
All Schwab money market funds will participate in the temporary guaranty program for money funds announced by the Department of the Treasury on Sept. 19.
The Securities and Exchange Commission today charged five brokers in the Los Angeles area with securities fraud.
