Hedge fund returns fell November, reflecting declines in the major stock markets, the credit crunch and concerns about business slowdowns.
Load funds significantly underperform a buy-and-hold strategy with the same funds, says the Zero Alpha Group.
The European Central Bank held its key interest rate at 4%, while The Bank of England cut interest by a quarter-point.
The regulator is investigating whether financial entities are investing in hedge funds in order to share inside information.
Investors in Bear Stearns' two collapsed hedge funds have filed arbitration claims against firm, according to Reuters.
The ETF seeks to track the total return performance of the Lehman Brothers High Yield Very Liquid Index.
On Dec. 20, the firm will list the PowerShares DJIA BuyWrite and S&P BuyWrite portfolios on NYSE Arca and the Nasdaq-100 BuyWrite Portfolio on Nasdaq.
Sandy Praeger was voted in as the Kansas City, Mo.-based association's new president.
Daniel Glaser, currently managing director of AIG’s European arm, will start Dec. 10, filling the position vacated in August by Brain Storms.
Dennis Slusarski, Mr. Blumenthal’s predecessor, will assist through the leadership transition.
An insurance policy that provides an income guarantee to holders of a unified managed account at Lockwood is in registration at the Securities and Exchange Commission.
The Investment Company Institute, the powerful mouthpiece of the mutual fund industry, is trying to torpedo the tax advantages of exchange traded notes, and industry insiders think that it has a pretty good chance of being successful.
As the market-timing scandals recede into financial history, the cautionary practices instituted in their wake could face the same fate.
These days, Legg Mason Inc. is a bit weak in the knees.
The Securities and Exchange Commission might adopt a shortened prospectus that could save the industry $300 million a year in printing and mailing costs — and help preserve the environment.
More advisers are turning toward fixed-income annuities as a new asset when they create retirement plans for their baby boomer clients.
Raymond James Financial Inc. of St. Petersburg, Fla., last month rolled out a series of research reports on variable annuity riders designed to help its reps sort through the confusing array of products.
Bear market mutual funds have come out of hibernation. For the 30 days through last Monday — the day major stock market indexes ended 10% down from their October peaks, signaling a market correction — the bear fund category had risen 11.27%, according to Morningstar Inc. of Chicago.
Mr. Strangfeld, currently vice chairman of Prudential, now runs all of the company’s U.S. businesses.
While many of the 45.8 million people born between 1965 and 1975 would like help with investing, the 32- to 42-year-old members of so-called Generation X probably won't be receiving much attention from financial firms anytime soon.
