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ETFS APR 08, 2009
Assets held in ETFs plunged 13.5% in the first quarter

Exchange traded fund assets fell by 13.5% during the first quarter, to $430.15 billion, according to data released today by Barclays Global Investors of San Francisco.

By David Hoffman
ALTERNATIVES APR 08, 2009
Hedge funds sat out March stock rally

The March stock market rally left hedge funds in the dust, according to the latest report from Hennessee Group LLC.

By Jeff Benjamin
LIFE INSURANCE AND ANNUITIES APR 08, 2009
Uncle Sam to the VA rescue

For most of us, the best alternative to a prescription sleep inducer is a discussion about insurance.

By Bloomberg
MUTUAL FUNDS APR 07, 2009
MFS names national sales manager for fund distribution unit

MFS Investment Management of Boston has named Douglas Bailey as national sales manager for its mutual fund distribution unit, MFS Fund Distributors Inc.

By Sue Asci
EMERGING MARKETS APR 07, 2009
Mutual funds invested in emerging markets post big gains

The average emerging-markets-equity fund gained more than 10% in March — outpacing the returns posted by funds that invest in developed countries, according to Lipper Inc.

By Sue Asci
LIFE INSURANCE AND ANNUITIES APR 07, 2009
Lincoln National eyes selling divisions to shore up insurance businesses

Lincoln National Corp., which paid off a $500 million debt just yesterday, today said it is considering whether to sell assets in an effort to bolster its insurance businesses.

By Darla Mercado
LIFE INSURANCE AND ANNUITIES APR 06, 2009
Stifel moves into insurance with new hires

Stifel Nicolaus & Co. Inc. has hired two executives from KeyBanc to fill newly created positions in the Financial Institutions Group.

By Jamie Burns
ETFS APR 06, 2009
Vanguard adds to its ETF roster

The Vanguard FTSE All-World ex-US Small-Cap Exchange Traded Fund (VSS), which seeks to track the performance of the FTSE Global Small-Cap ex-US Index, began trading today, The Vanguard Group Inc. of Malvern, Pa., announced.

By Bloomberg
ALTERNATIVES APR 06, 2009
Private equity shop Quadrangle halts fundraising

Quadrangle Group has confirmed that it has halted fundraising for its third planned fund, which has stalled since last fall when the financial crisis squeezed credit markets in earnest.

By Hilary Potkewitz
LIFE INSURANCE AND ANNUITIES APR 06, 2009
Lincoln digs deep to repay $500M debt

Shares of Lincoln National Corp. fell today as the insurer prepared to pay down $500 million in debt.

By Darla Mercado
ETFS APR 05, 2009
ETF providers hope funds will be used to absorb toxic assets

Some providers of exchange traded funds hold out hope that the government will still turn to ETFs to purchase toxic assets — illiquid real estate loans and securities backed by loan portfolios — from banks.

By David Hoffman
LIFE INSURANCE AND ANNUITIES APR 05, 2009
Insurers slow production of fixed-index annuities

Insurers, concerned about conserving capital, have put the brakes on their fixed-index-annuity production, a move that advisers say could put a crimp in their business.

By Darla Mercado
LIFE INSURANCE AND ANNUITIES APR 03, 2009
House again floats federal insurance regulator

In the latest iteration of a plan that’s been steadily gaining support from both Democrats and Republicans on the Hill, legislation was introduced yesterday that would create a federal insurance regulator.

By Bloomberg
ALTERNATIVES APR 03, 2009
Carried-interest tax bill in the House once more

Legislation to tax carried-interest compensation at ordinary income tax rates instead of lower capital gains rates was reintroduced today by Rep. Sander Levin, D-Mich.

By Sara Hansard
LIFE INSURANCE AND ANNUITIES APR 03, 2009
Gen Re ex-finance chief prison-bound in fraud case

Elizabeth A. Monrad, the former finance chief of General Re Corp., is heading to prison for her part in a scheme that inflated American International Group Inc.’s financial statements.

By Darla Mercado
MUTUAL FUNDS APR 03, 2009
American Funds to eliminate Class B shares

American Funds will no longer sell Class B and 529-B shares of its mutual funds, effective April 21, the firm said today.

By David Hoffman
MUTUAL FUNDS APR 03, 2009
Labor Dept., SEC to probe target date funds

The Department of Labor will begin an "immediate review" of target date funds — one that could lead to new regulations placed on the all-in-one investment strategies — according to a letter sent to a key Senate committee.

By Bloomberg
ALTERNATIVES APR 02, 2009
Madoff's home in Florida lost almost $2M in value

Even Bernie Madoff isn't exempt from the real estate slump.

By Bloomberg
LIFE INSURANCE AND ANNUITIES APR 02, 2009
Florida annuity-sales fraud bill advances

A Florida Senate bill that would levy heavy penalties on agents and financial advisers who make fraudulent annuity sales has moved closer to becoming law — though not without a few insurance industry-friendly changes.

By Darla Mercado
LIFE INSURANCE AND ANNUITIES APR 02, 2009
Bank backs out of Protective Life deal, dooming TARP dreams

Protective Life Corp.’s quest to acquire a Florida bank holding company abruptly ended yesterday because of the insurer’s inability to participate in the Troubled Asset Relief Program.

By Darla Mercado