PHILADELPHIA — First Trust Advisors LP is betting that investors will want exchange traded funds that seek alpha.
One-third of investment management firms will increase their use of outsourcing over the next two years.
Pioneer Investments today has launched the Pioneer Diversified High Income Trust.
JPMorgan Asset Management is now the world’s largest hedge fund managers, according to Alpha Magazine’s 2007 list of “The Hedge Fund 100.”
Two hedge fund managers have joined forces with scientists to launch a $1 million prize for cancer research.
Aon Corporation announced today that chief financial officer David P. Bolger will leave the Chicago-based insurance broker after the appointment of his successor.
Lipper Inc. of New York announced today it has created a suite of target-risk fund benchmarks made up exclusively of exchange traded funds.
Defunct hedge fund Wood River Partners LP is suing its prime broker, UBS, for $200 million.
Euronext NV today reported a 4.4% profit loss during the first quarter, due to a reclassification of the company’s stake in LCH.Clearnet.
Hedge fund returns were up in April but fell short of several leading major indicators.
The Vanguard Group Inc. announced it filed a registration statement with the SEC for its fifth international exchange traded fund.
Merrill Lynch & Co. Inc. is purchasing a 20% minority stake in a hedge fund with $8 billion in assets under management.
Other banks may follow Bank of America Corp.’s decision this month to cut mortgage clients’ borrowing costs drastically, including waiving the requirement for private mortgage insurance, industry observers say.
Bank of America Corp. has been sued for race discrimination by allegedly steering wealthy clients to white co-workers.
Bank of America appoints Moynihan and Sevilla-Sacasa to head a wealth team that incorporates U.S. Trust Corp.
Russia's customs service is suing the Bank of New York for $22 billion over alleged misdeeds dating from the 1990s, according to Russian news agencies.
An affiliate of Edward Lampert's ESL Investments Inc. hedge fund now owns 15.24 million shares of Citigroup Inc.
The first hedge fund to go public today posted a 52% drop in first-quarter net income.
Morningstar Inc. has announced that Claymore Securities Inc. has licensed three Morningstar Super Sector Indexes to create three new exchange traded funds.
The Federal Reserve chief today warned against creating "ad hoc" securities regulations—especially for derivatives or hedge funds.
