Investing

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ETFS MAY 26, 2008
Russia tempts advisers with equity choices

Russia's eight-plus-year economic expansion has spread into parts of the country's consumer and retail sectors, presenting a potentially new angle for participation among financial advisers and their clients.

By Bloomberg
ETFS MAY 26, 2008
Training offered for new exchange traded products

Faced with waves of new exchange traded products, financial advisers are at a loss as to how best to put them to work, a dilemma that is leading product providers to offer more robust educational services.

By Bloomberg
MUTUAL FUNDS MAY 26, 2008
Fund is managed without human emotion

If you called Daniel Sido's approach to money management robotic, he probably wouldn't mind.

By Bloomberg
ALTERNATIVES MAY 23, 2008
SEC files action against hedger

The SEC has filed an injunctive action against James G. Marquez, a principal of the failed Bayou Fund.

By Bloomberg
ALTERNATIVES MAY 22, 2008
BlackRock recruits exec

BlackRock Inc. has hired Craig Phillips to head its financial markets advisory group, a unit of BlackRock Solutions.

By Bloomberg
ALTERNATIVES MAY 22, 2008
Hedge fund manager plans to leave Citi

The portfolio manager of Citigroup Inc.’s struggling Falcon Strategies and ASTA/MAT hedge funds, Reaz Islam, is leaving after 18 years at the company.

By Bloomberg
ALTERNATIVES MAY 22, 2008
Apollo hires Morgan Stanley vet

Apollo Management LP is launching a commodities business to be headed by former Morgan Stanley executive Neal Shear.

By Bloomberg
FIXED INCOME MAY 21, 2008
Nuveen gets infusion for ARS

The firm will refinance the auction rate preferred securities issued by its municipal closed-end funds.

By Bloomberg
MUTUAL FUNDS MAY 20, 2008
SSgA launches emerging-markets ETF

State Street unit launched the SPDR S&P Emerging Markets Small Cap ETF on the New York-based American Stock Exchange.

By Bloomberg
ALTERNATIVES MAY 20, 2008
Hedge fund plunges, hurting investors

Citigroup Inc.’s Falcon Strategies hedge fund plunged more than 75%, taking three banks with it.

By Bloomberg
MUTUAL FUNDS MAY 20, 2008
Fido fund to focus on international markets

Fidelity Investments of Boston today launched a new international equity fund which involves multiple emerging markets.

By Bloomberg
MUTUAL FUNDS MAY 19, 2008
Board chairmen, independent directors band together

To preserve their watchdog role and face down calls for change, independent mutual fund board chairmen and lead independent directors are banding together.

By Bloomberg
MUTUAL FUNDS MAY 19, 2008
Oppenheimer reopens value fund

A rough start to the year has become a kind of backhanded blessing to the Oppenheimer Small & Mid Cap Value Fund (QVSCX).

By Bloomberg
FIXED INCOME MAY 19, 2008
Tax exemptions for bonds upheld

The Supreme Court has ruled that Kentucky can continue to tax out-of-state muni bonds, while not taxing in-state ones.

By Bloomberg
MUTUAL FUNDS MAY 19, 2008
12(b)-1 fee fix plan gets mixed reaction

The mutual fund industry should consider itself lucky if, as expected, the SEC this summer recommends placing a cap on 12(b)-1 fees some investor now pay annually via "level loads," industry experts said.

By Bloomberg
ALTERNATIVES MAY 19, 2008
Smaller hedge funds outpace bigfoot firms

Smaller, newer hedge funds continue to outperform the big dogs, according to the research from PerTrac Financial Solutions.

By Bloomberg
MUTUAL FUNDS MAY 19, 2008
FRC halts public release of fund flows

Financial Research Corp. has stated that it will no longer make available firm-specific fund flow data to the general public, the media and others who have not paid to receive it.

By Bloomberg
ETFS MAY 19, 2008
Cousins create firm with flat fees, passive investing

Bob Luxenberg was trying to decide where to invest several million dollars that he had earned building technology businesses in Silicon Valley when he unearthed his latest venture.

By Bloomberg
ETFS MAY 14, 2008
WisdomTree, Dreyfus unveil non-U.S. ETFs

The ETFs will seek to earn current income reflective of money market rates available to U.S. investors in the specified country or region.

By Bloomberg
ALTERNATIVES MAY 14, 2008
U.S. foreclosures climbed steeply in April

The number of foreclosure filings rose to 243,353 in April, up 4% from March and up 65% from the same month a year ago.

By Bloomberg