The composite Eurekahedge Hedge Fund Index fell 3.1% in January, the worst performance since the company began keeping data in January 2000.
The firm was “the unfortunate victim of misconduct by certain former employees,” according to a client letter.
Ex -AIG CEO Maurice R. Greenberg will get court-ordered access to legal documents that could help him fight fraud charges, according to published reports.
The New York State Insurance Department also reproached the plan, arguing that it would be “bad for the banks.”
At campaign stops, Sen. Hillary Clinton argued that hedge fund executives shouldn't be immune from certain taxes.
Assets in managed accounts grew by 20.1% last year, hitting $1.49 trillion, according to the Money Management Institute.
The all-in-one rider provides an income step-up to 200% of the initial guaranteed amount 10 years into the policy.
The Charlotte, N.C.-based bank collected $483 million in annuity fees, or 0.06% of $782.8 billion in assets.
The <a href=/assets/docs/CI39631220.PDF>assessment</a> details areas where reciprocity and uniformity initiatives must improve in U.S. states.
Warren Buffett faced is facing criticism after Moody’s Investors Service — in which he is the largest stakeholder —told bond insurers to accept a bailout.
Academics pin the mortgage crisis on lenient lending criteria.
Leadership change reflects problems at the company due to subprime mortgages.
Cincinnati-based Gateway will retain its name and portfolio managers.
Analysts become portfolio managers as part of broad promotion and job changes.
First-quarter results will suffer from subprime-related trading losses.
Signature Resources Capital Management has teamed up with Fundquest Inc. to launch a wealth management platform.
A platform will be launched next month offering what is being touted as the first socially conscious and sustainable-investing account in the financial services industry.
The Mutual Fund Directors Forum is hoping to rally the troops in an effort to stave off what it thinks is an attempt by the Investment Company Institute to eliminate the watchdog role played by mutual fund directors.
When Claymore Securities Inc. of Lisle, Ill., this month announced that it was liquidating 11 exchange traded funds — the first large-scale liquidation of ETFs since the funds were created — some industry experts said investors should view it as a warning.
The SEC shouldn't allow mutual fund directors to dump some of their responsibilities onto others.
