PHILADELPHIA — Rydex Investments is emphasizing its exchange traded funds in talks with firms interested in acquiring the company, according to sources.
Borrowers are turning to other providers, but don’t expect banks to die out any time soon, the Fed chief said today.
Barclays Global Investors of San Francisco has launched the iShares Dow Jones EPAC Select Dividend Index ETF on NYSE Arca today.
Columbia Acorn has increased the minimum initial investment for Columbia Acorn Select accounts from $50,000 to $100,000.
Taxing some private equity firms as corporations could result in the funds themselves being taxed the same way.
Marsico Capital Management founder and chief executive Thomas F. Marsico has agreed to buy back management firm from Bank of America.
AIG has sued former chairman Maurice R. Greenberg and ex-CFO Howard I. Smith for more than $1 billion in damages, published reports said.
The Bear Stearns Cos. Inc. is liquidating holdings from a recently formed hedge funds after it lost money on subprime mortgage bonds.
The Vanguard Group Inc. today said it has added AXA Rosenberg Investment Management LLC to the advisory teams of the $12.8 billion Vanguard Explorer Fund and the $1.6 billion Vanguard U.S. Value Fund.
Hedge managers should pay more than double their current tax rate, said a former Treasury secretary.
It’s only the third week of June, but hedge fund gossip has headed to the Hamptons for the summer.
Wachovia Securities has been added to a lawsuit challenging the legality of firms’ bank deposit sweep programs.
PowerShares will launch five new internationally focused ETFs on the American Stock Exchange tomorrow.
Seacliff Capital, a San Francisco hedge fund, has joined the ranks of those opposing Barclays’ bid for ABN AMRO, published reports said.
Hedge fund D.E. Shaw has formed a Bermuda-based holding company to acquire James River Group Inc. for $575 million.
Hong Kong is simplifying the licensing agreements for overseas hedge fund managers looking to set up shop in the territory.
The Hartford Financial Services Group Inc. has tapped Thomas M. Marra to take on the combined position of president and chief operating officer.
The hedge fund industry is at risk of being lulled into a false sense of security that could expose the broader financial markets to additional risks, according to Anthony Ryan, assistant secretary of the Treasury for financial markets.
In an effort to catch industry leader Barclays Global Investors, State Street Global Advisors has raised the wholesalers’ compensation for effecting the sale of exchange traded funds and lowered the amount it pays for effecting sales of its mutual funds and separately managed accounts.
The SEC plans to decide by the end of the year whether to reform 12(b)-1 fees or eliminate them altogether, and proponents of both alternatives are poised to try swaying its decision.
