Ex- hedge fund chief James Marquez was ordered to serve 51 months for conspiring to defraud investors.
John Koehler will lead a group of nine specialists, each one focusing on advanced planning techniques.
The recommendations are designed to handle conflicts of interest between managers and investors.
The mother convicted with her son in a multimillion-dollar hedge fund scheme will be sent back to Turkey.
Stephen Lieber, lead portfolio manager of the Alpine Dynamic Innovators Fund (ADINX), said he is starting 2008 with a portfolio positioned to be nimble by allocating nearly half the $68 million fund to cash.
Mutual fund companies largely have been immune to lawsuits stemming from the subprime-mortgage crisis, but that soon may change.
Investors are becoming interested in environmentally aware companies from an economic rather than a socially conscious perspective, and many are turning to their financial advisers for help in going green.
A meeting of some 50 independent mutual fund chairmen and lead directors this week could result in the creation of a permanent organization for independent fund executives.
On Thursday, Mojo HD, the high-definition channel, will launch a programming block that revolves around the lives of individuals who work in finance.
Guidance regarding "soft dollars," or the use of brokerage commissions to pay for research and other services, soon will be proposed for mutual fund directors, a Securities and Exchange Commission official said.
While Fidelity Investments has reopened its famed Magellan Fund, advisers remain skeptical and are keeping a close eye on its performance.
Willis Group Holdings, the London-based insurance broker, is talking takeover with Marsh & McLennan, CNBC reported.
Haier New York Life, a joint venture between the New York-based insurer and China’s Haier Group, today opened a branch in Wuhan.
Ex-AIG chief Maurice R. Greenberg and his investment firm have retained an adviser to review their stake in the insurer.
David M. Johnson, executive vice president and finance chief of The Hartford, will resign in mid-2008.
Despite being caught in the 2007 credit crunch, hedge funds gained 14.13% for the year according to Morningstar.
The influence of hedge funds is introducing a new set of challenges for corporate investor relations departments.
Shares of bond insurers Ambac Financial Group Inc. and MBIA Inc. plunged on renewed concerns that the two companies are on the verge of losing their AAA credit ratings.
Despite a troubled economy, the hedge fund industry attracted a record $194.5 billion in new investor capital in 2007.
“The NAIC investigated itself with an attorney who used to work for the insurers,” said the Life Insurance Settlement Assoc. chief.
