Investing

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INVESTING ETFS JUL 26, 2007
Vanguard creates MSCI EAFE-based ETF

The new ETF tracks the Morgan Stanley Capital International Europe, Australasia and Far East index.

By Bloomberg
INVESTING ALTERNATIVES JUL 26, 2007
Fortress closes two funds

Fortress Investment Group today closed a pair of funds with a final total of $5 billion in third-party commitments.

By Bloomberg
INVESTING ALTERNATIVES JUL 26, 2007
FERC floats fines for Amaranth and traders

Amaranth Advisors LLC and a pair of its traders face $291 million in penalties for price manipulation, the Federal Energy Regulatory Commission said today.

By Bloomberg
INVESTING FIXED INCOME JUL 26, 2007
Cox calls for muni securities upgrades

SEC chairman Christopher L. Cox delivered Congress a "white paper" calling for upgrades to accounting and disclosure in the municipal securities market.

By Bloomberg
INVESTING ALTERNATIVES JUL 25, 2007
Hedge fund manager pleads guilty

Former hedge fund trader Mark Lenowitz pleaded guilty to profiting from inside tips allegedly leaked by a former UBS executive.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES JUL 25, 2007
National Insurance Act repitched

The first bipartisan House version of the National Insurance Act of 2007 was reintroduced today.

By Bloomberg
INVESTING ALTERNATIVES JUL 25, 2007
SAC considers stake sale

The $14 billion hedge fund manager run by billionaire Steven Cohen is considering selling up to 20% of itself in a private offering.

By Bloomberg
INVESTING ALTERNATIVES JUL 25, 2007
Hunter faces heat from Amaranth mess

The U.S. Commodity Futures Trading Commission today filed civil charges against Amaranth Advisors LLC and its ex-head energy trader Brian Hunter.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES JUL 24, 2007
NAIFA names new chief executive

The National Association of Insurance and Financial Advisors has named John J. Healy as its new chief executive.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES JUL 24, 2007
Insurer settles bid-rigging case for $115M

The Hartford said it has reached a $115 million settlement with three states to resolve a bid rigging and market timing case.

By Bloomberg
INVESTING ALTERNATIVES JUL 23, 2007
Hedge funds inflows dip below 1Q

Hedge funds pulled in $58.7 billion in new flows during the second quarter, according to Hedge Fund Research.

By Bloomberg
INVESTING ALTERNATIVES JUL 23, 2007
Correction

An article about Credit Suisse/Tremont hedge fund indexes revising performance data did not include a correct comparison of indexes.

By D Hampton
INVESTING LIFE INSURANCE AND ANNUITIES JUL 23, 2007
Suitability czar plan raises questions

Is the creation of a top-level suitability monitoring job by Allianz Life Insurance Company of North America a step forward in annuity marketing or a defensive position in response to a battery of lawsuits?

By Bloomberg
INVESTING MUTUAL FUNDS JUL 23, 2007
Morningstar reverses stance on board governance

PHILADELPHIA — Morningstar Inc., the mutual fund research company, is backing off its long-held position that fund boards that oversee multiple funds are less effective stewards than those responsible for just a few funds.

By Bloomberg
INVESTING MUTUAL FUNDS JUL 23, 2007
Sentinel’s changing of the guard a way to get distributors’ attention

BOSTON — Say goodbye to the Green Mountain Boy. As part of an ambitious growth strategy designed to get its mutual funds noticed by distributors, Montpelier, Vt.-based Sentinel Asset Management Inc. is retiring its decades-old icon.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES JUL 20, 2007
Senate eyes insurer sales to seniors

The Senate opened an investigation into insurers that use suspect tactics when dealing with seniors.

By Bloomberg
INVESTING ALTERNATIVES JUL 20, 2007
Robin Hood stops investing in rich

The Robin Hood Foundation said it would stop investing in its donors’ and board members’ hedge funds.

By Bloomberg
INVESTING ALTERNATIVES JUL 19, 2007
Hedge index revises its numbers

The failing subprime mortgage market caused a hedge fund index to revise its performance returns.

By Bloomberg
INVESTING ALTERNATIVES JUL 19, 2007
HFR unveils Asian indicies

Hedge Fund Research Inc. today introduced five new indices to track hedge fund performance in Asian markets.

By Bloomberg
INVESTING ALTERNATIVES JUL 18, 2007
Bear Stearns hedge funds tapped out

Investors in Bear Stearns’ two failed hedge funds have lost their money and will probably not get it back, according to published reports.

By Bloomberg