On average, every dollar that funds spend on trading costs translates into a roughly 42-cent reduction in fund value, Virginia Tech Professor Gregory Kadlec said today.
The Security Benefit Group of Companies today announced it will acquire Rydex Investments.
UBS has been accused of "dishonest and unethical" practices in dealings with hedge fund advisers.
Bear Stearns has selected Thomas Marano, head of its mortgage unit, to help save one of its troubled hedge funds, published reports said.
The screenwriting team behind "Ocean's 13" have signed on to pen a new HBO series that the producers of "Entourage" are developing about a group of hedge fund managers, according to Crain's Television Week.
Cantor Fitzgerald of New York is entering the alternative asset management arena.
Hedge fund management company Simpson Capital, its owner and head trader have been sued by the SEC.
The head of SAC Capital has gotten a nice price on his new home in the Hamptons, according to published reports.
GLG Partners of London has agreed to pay more than $3.2 million to settle charges of illegal short-selling.
National Penn Bancshares will acquire Christiana Bank & Trust Co. for about $56.5 million in stock and cash.
New York Life Insurance Co. said on today that its COO, Theodore Mathas, would add president to his title as of July 1.
New York Life will launch a series of five target-date funds called the MainStay Retirement Funds.
AXA Equitable Life Insurance Co. has named Kenneth T. Kozlowski vice president of its Funds Management group.
An adviser to the Dutch high court said ABN Amro can sell LaSalle without shareholder approval.
John Hancock will pay $21.2 million to settle an investigation of the firm's failure to disclose revenue sharing schemes.
A London hedge fund manager will go public by merging with New York's Freedom Acquisition Holdings.
Claymore Securities today announced the launch of Claymore/KLD Sudan Free Large-Cap Core ETF on the /MEX.
PowerShares today launched four exchange traded funds based on the FTSE RAFI indexes.
Amaranth Advisors used a loophole to cloud the extend of its massive gas holdings, according to a Senate report.
Bank of America said it lost about $450 million from the bankruptcy of Parmalat after relying on "fraudulent misrepresentations" made by the Italian dairy company.
