Thirty-five new hedge funds with a total of $19.5 billion in assets were launched in the Americas during the first six months of this year.
Investors, brokers and analysts believe the current bond-rating system should be reformed.
Banc of America Securities cuts its earnings estimates and price targets on Blackstone Group and Fortress Investment Group.
As it faces $6 billion in new write-downs, Merrill Lynch may sell its BlackRock and Bloomberg interests.
London-based hedge fund taps emerging markets expert to run a $1.2 billion special situations fund.
The Alternative Investment Management Association is preparing the first-ever practice standards for funds of hedge funds.
Hedge fund fugitive Samuel Israel today told a judge that he unsuccessfully tried to overdose on drugs.
Investors can bet on the price of oil going up or down or hedge other investments with the securities.
Second-quarter volume of long-term muni bonds totaled $226.3 billion, a 1.3% drop from the same period last year.
Hedge fund investors now have the ability to insure themselves against fraud or even the allegation of fraud.
The company completed the reorganization of $2.2 billion in assets of 26 Nationwide Funds into newly created Aberdeen Funds.
Hedge fund performance replication has come to the mutual fund industry in the form of the IQ Alpha Hedge Strategy Fund.
The Baltimore-based firm will contribute $240 million to bail out three money market funds of one of its subsidiaries.
Bank holding company income from mutual funds and annuities rose more than 27% to $5.92 billion in the first quarter.
"The cushion provided by well-covered dividend yields has taken on increased importance," a JPMorgan analyst wrote.
Hypothetical returns utilized by a host of new exchange traded funds are reigniting a debate about the use of back-tested performance data.
The combined total launches last year of exchange traded funds, variable annuities and closed-end funds surpassed open-end mutual fund launches for the first time, according to Boston-based research firm Cerulli Associates Inc.
Faced with an increasingly global market in which the United States plays a diminished role, asset management companies must rethink how they approach investing.
Fred Alger Management Inc. of New York is consolidating all of the open-end mutual funds under the Alger brand.
LMP Corporate Loan Fund Inc., a closed-end fund from Legg Mason Inc., today announced plans to “restructure” the fund’s leverage and add liquidity.
