Tremont Group Holdings Inc., which lost more than $3 billion in the Bernard Madoff scam, will auction off its remaining hedge fund assets in an attempt to pay its investors, The Wall Street Journal reported.
The Blackstone Group LP plans to sell bonds for the first time, but offered no details on how much or when.
Foreclosure filings were up 32 percent from the same month last year, RealtyTrac Inc. said Thursday. More than 360,000 households, or one in every 355 homes, received a foreclosure-related notice.
Atticus Capital LLC, a New York-based hedge fund shop, is returning $3 billion to investors as the company founder opts out of the hedge fund business, according to a letter sent to shareholders yesterday.
Vanguard today filed a registration statement with the Securities and Exchange Commission to offer seven new bond index exchange traded funds in what some industry experts believe to be a direct challenge to iShares, the dominant fixed-income ETF provider.
The Municipal Securities Rulemaking Board today proposed new rules aimed at ensuring that municipal bond underwriters honor issuers' wishes to preserve retail investors' access to new bond issues < http://www.msrb.org/msrb1/whatsnew/2009-47.asp>.
Hedge funds lagged the equity markets in July, as many of these alternative asset class managers now appear to be proceeding with caution after several consecutive months of strong gains.
For green investors, patience is not only a virtue, it is a source of profits.
The residential-real-estate market, after virtually falling off a cliff from its apex of a few years ago, is being buoyed by a recent string of positive sales data.
There's good news and bad news for REITs. The bad news is that real estate stocks tend to be late-stage cyclicals, so analysts don't expect much of a rebound until next year.
Massachusetts regulators sent subpoenas to four brokerage firms July 31 seeking information about the way they sold inverse and leveraged exchange traded funds. The subpoenas were issued weeks after the firms restricted the sale of the products or stopped selling them altogether.
Despite the improved performance of its mutual funds, Fidelity Investments isn't likely to recapture the crown as the firm that controls the most long-term-fund assets anytime soon.
The bloom is off the rose in terms of Americans' attitude toward homeownership, according to a survey from the National Foundation for Credit Counseling.
Although Putnam Investments' decision to lower the management fees for some of its mutual funds — and to link its fees on others to performance — didn't go unnoticed by financial advisers, many say that they will hold off putting their clients' money into Putnam's funds until they see signs of improved long-term performance
In the wake of the historic real estate meltdown, it is easy to make a case for investing in non-traded real estate investment trusts.
The REIT industry is in the throes of a debate over how much debt is appropriate.
Exchange traded fund assets worldwide hit an all-time high of $862 billion at the end of July, 7% above the previous record of $805 billion set in April 2008, according to data released today from the London-based research team of Barclays Global Investors in San Francisco.
Low-cost mutual funds make up most of the assets in 401(k) plans, according to a study released yesterday by the Investment Company Institute, a Washington-based industry trade group.
Morgan Stanley Smith Barney LLC today announced restrictions on the sale of leveraged, inverse, and leveraged-inverse exchange traded funds by its brokers and advisers.
A sudden and dramatic pullback in lending by banks in developed countries threatens to stall the global economic recovery, according to a report out today by Hennessee Group LLC in New York.
