Derek Kaufman, who spent 12 years at JPMorgan, will serve as the hedge fund's senior managing director.
Greg Coffey, a portfolio manager with the hedge fund, who oversees $7 billion in assets, is stepping down May 1.
Sales of existing homes decreased by 2% last month to a seasonally adjusted rate of 4.93 million units.
The current economic and market challenges apparently aren't enough to derail the growth and prosperity of the $2 trillion hedge fund industry, according to a survey of hedge fund managers.
If investors were expecting the first actively managed exchange traded funds to look anything like their mutual fund counterparts, they are probably disappointed by three ETFs that Invesco PowerShares Capital Management LLC introduced this month.
While some financial services firms tighten their belts in times of economic uncertainty, others see it as a good time to add sales jobs.
Tools designed to help investors avoid investments in countries that sponsor terrorism or genocide, or that violate the human rights of their citizens, are the latest offerings from financial services firms.
Investors Capital Advisory Services has released a new mutual fund wrap program named FundSelect.
Activist hedge fund manager Phillip Goldstein will create a non-profit to help the industry challenge "regulatory injustices."
ActivePassive Funds group has launched on several platforms including those of Fidelity, Pershing and TD Ameritrade.
The number of mutual funds voting against climate change resolutions declined from 77.8% in 2004 to 65% in 2007.
Paulson & Co.'s John Paulson was paid $3.7 billion in 2007, surpassing George Soros, who received $2.9 billion.
Hedge fund managers prepared one set of recommendations; investors with money in the funds compiled the other.
Samuel Israel III, former CEO of the defunct Bayou hedge fund, was also ordered to pay $300 million in restitution.
Screening companies for their ties to countries deemed sponsors of terror is a concept that seems to intrigue investors.
Tomorrow is the deadline for filing income taxes, but investors are already thinking about ways to pay less next year — driving more to consider tax-managed mutual funds.
Responding to advisers who complain that the iShares brand means little to their clients, Barclays Global Investors is modifying its marketing.
As more companies begin to offer exchange traded notes, it's beginning to look like the small but growing ETN universe could one day be a competitor to mutual funds and exchange traded funds.
As Roger W. Ferguson Jr. takes the helm of TIAA-CREF today, he assumes control of a company that often frustrates financial advisers.
