The Securities and Exchange Commission is considering allowing mutual fund directors to delegate some of their duties, but critics say such a move will weaken the ability of directors to act as investor watchdogs.
As [Lee] Ainslie [founder of Maverick Capital Ltd. of Dallas] began attracting assets and adding investment staff, he created a business model that differs slightly from those of most large funds, which generally fall into two categories.
Because of the market volatility of recent days, determining which hedge funds will perform well is as difficult a task as it has ever been.
Of all the firms targeted by Eliot Spitzer when he was cleaning up abuses on Wall Street, none suffered more than Marsh & McLennan Cos.
Sen. Hillary Clinton's bid for the White House may rekindle momentum behind a bill she co-sponsored last year that would offer a tax break on some annuities, according to a retirement trade group.
If an investor had invested $1,000 in the Pioneer Fund when it was launched in 1928, his or her heirs would be millionaires today.
A new mutual fund is purchasing alternative investments — a strategy designed to defy market volatility when stock and bond prices are plunging.
Investors often ask me why an exchange traded fund they own paid a big gains distribution. The answer is simple, but the lessons can affect the advice you give your clients.
The value of its super-senior-credit-default swap portfolio declined $5.9 billion and not $1.6 billion, AIG reported to the SEC.
Hennesse Hedge Fund Index falls 2.4%, the fourth worst month ever.
John Baum named chief executive, J. Charles Cardona to be president when Tom Eggers retires.
Fourth quarter profits down 50% at Nationwide, off 29% at Protective Life.
Company wants to be a high-net-worth 'pure-play', reports a 90% drop in fourth-quarter income.
Regulators flooded Rep. Paul E. Kanjorski, D-Pa., with their and assessments of the ongoing municipal bond insurer debacle.
The Hennessee Hedge Fund Index declined 2.8% in January after finishing 2007 up 11.64%.
John Hancock Financial's team will act as a resource for financial planners and advisers on tax and estate planning issues.
Prudential's fourth-quarter net income fell to $792 million, or $1.75 per share, from $893 million.
Passive management for target date funds means stronger results for investors, according to a study.
The hedge fund, its adviser, founder and two employees will pay a combined $40 million for an illegal late-trading scheme.
