Outgoing Rep. Richard Baker, R-La., will be the new president and chief executive of the Managed Funds Association.
Ex-Fed chief Alan Greenspan’s guidance will be exclusive during his tenure at Paulson & Co.
Doug Townsend has been the vice president and controller of both entities since January 2004.
Another filing for actively managed ETFs was made last week, an indication that 2008 might be the year investors can finally invest in them.
The Greenwich Global Hedge Fund Index returned 0.61% in December and gained 11.15% in 2007.
The Interstate Insurance Product Regulation Commission today added two new regulators.
Van Eck Global launched trading of the Market Vectors–Coal ETF on the New York Stock Exchange today.
This is the year for the SEC to settle the 12(b)-1 issue. Securities and Exchange Commission Chairman Christopher Cox has pledged to examine the fee system, questioning whether the use of 12(b)-1 fees has moved away from the original intent, which was to cover marketing and distribution expenses.
As 2008 gets under way, publicly traded money manager stocks' ability to hold up to the market pressure that felled other financial services stocks last year is being questioned.
Assets invested in exchange traded funds grew by $32 billion, or 5.5%, to $608 billion in November.
As managing director and head of fixed income trading, Bill Parry will oversee all fixed income traders.
The model act covers the secondary market for life insurance, including disclosures for viatical settlements brokers.
GSO Capital Partners is an alternative asset manager specializing in leveraged finance.
The HFR Fund Weighted Composite Index advanced 0.68% in December and gained 10.4% in 2007.
Despite fierce competition, mutual fund net sales will grow at 2% annually, hitting $340 billion by 2012, FRC predicted.
MBIA Inc. said that the SEC and the New York Insurance Department have started informal inquiries into a deal that the company made with private-equity firm Warburg Pincus LLC.
She will replace Fred Castellani, who will retire at the end of February, ending a 12-year career with the firm.
The center features a search functionality that allows customers to identify ETFs that meet certain investment criteria.
European assets in ETFs surged 27% to €89 billion ($131.2 billion) in 2007, according to data released by Deutsche Bank.
That’s a 15% decrease from the estimated $4.0 trillion issued last year, according to a SIFMA forecast.
