Derek Kaufman, who spent 12 years at JPMorgan, will serve as the hedge fund's senior managing director.
Greg Coffey, a portfolio manager with the hedge fund, who oversees $7 billion in assets, is stepping down May 1.
Sales of existing homes decreased by 2% last month to a seasonally adjusted rate of 4.93 million units.
The current economic and market challenges apparently aren't enough to derail the growth and prosperity of the $2 trillion hedge fund industry, according to a survey of hedge fund managers.
“We are certainly ... disappointed that NAIFA’s board would suddenly change course on this important consumer protection issue"
If investors were expecting the first actively managed exchange traded funds to look anything like their mutual fund counterparts, they are probably disappointed by three ETFs that Invesco PowerShares Capital Management LLC introduced this month.
While some financial services firms tighten their belts in times of economic uncertainty, others see it as a good time to add sales jobs.
Investors Capital Advisory Services has released a new mutual fund wrap program named FundSelect.
Activist hedge fund manager Phillip Goldstein will create a non-profit to help the industry challenge "regulatory injustices."
The regulator wants to delay a rule that governs the review of deferred variable annuity sales.
ActivePassive Funds group has launched on several platforms including those of Fidelity, Pershing and TD Ameritrade.
The number of mutual funds voting against climate change resolutions declined from 77.8% in 2004 to 65% in 2007.
A bill would create a federal office inside the Treasury to provide expertise on regulating the insurance industry.
Paulson & Co.'s John Paulson was paid $3.7 billion in 2007, surpassing George Soros, who received $2.9 billion.
Hedge fund managers prepared one set of recommendations; investors with money in the funds compiled the other.
Joseph P. Brandon, chairman and chief executive of General Re Corp., left his post following a rocky court case.
Samuel Israel III, former CEO of the defunct Bayou hedge fund, was also ordered to pay $300 million in restitution.
Tomorrow is the deadline for filing income taxes, but investors are already thinking about ways to pay less next year — driving more to consider tax-managed mutual funds.
Responding to advisers who complain that the iShares brand means little to their clients, Barclays Global Investors is modifying its marketing.
