Following hedge fund problems, asset management risk control will report to parent's risk czar.
Ameristock Corp. today announced the launch of trading in five new U.S. Treasury exchange traded funds on the American Stock Exchange today.
The New York-based hedge fund manager seeks $2 billion in IPO.
Fund managers are keeping their powder dry, saying "nothing is really cheap" right now.
As Bear Stearns bails out its sinking hedge fund, another threat looms: lawsuits from angry investors, Reuters said.
Commerce Bank N.A. of Cherry Hill, N.J. has announced the departure of chairman and CEO Vernon W. Hill.
Fidelity has bought back preferred shares from stockholders, possibly paving the way for a new ownership structure.
Claymore Securities has launched two exchange traded funds on the American Stock Exchange today, themed on brokerages to vaccines.
HSBC Holdings has applied for a life insurance license with a Chinese partner and expects to begin operations in that country by 2008.
LaSalle Bank is cutting 100 more jobs than previously announced, but none of the additional reductions will come from the Chicago area.
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.
Bear Stearns has selected Thomas Marano, head of its mortgage unit, to help save one of its troubled hedge funds, published reports said.
Cantor Fitzgerald of New York is entering the alternative asset management arena.
UBS has been accused of "dishonest and unethical" practices in dealings with hedge fund advisers.
Hedge fund management company Simpson Capital, its owner and head trader have been sued by the SEC.
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.
GLG Partners of London has agreed to pay more than $3.2 million to settle charges of illegal short-selling.
The head of SAC Capital has gotten a nice price on his new home in the Hamptons, according to published reports.
National Penn Bancshares will acquire Christiana Bank & Trust Co. for about $56.5 million in stock and cash.
