Bloomberg

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INVESTING FIXED INCOME JUL 07, 2008
CFA Institute poll calls for rating reform

Investors, brokers and analysts believe the current bond-rating system should be reformed.

NEWS INDUSTRY NEWS JUL 07, 2008
Fed president predicts shaky markets

Janet Yellen predicts unstable housing and higher commodity prices will hamper recovery before 2009.

INVESTING ALTERNATIVES JUL 07, 2008
GLG Partners hires Brahim from Goldman

London-based hedge fund taps emerging markets expert to run a $1.2 billion special situations fund.

INVESTING ALTERNATIVES JUL 07, 2008
AIMA to unveil funds-of-hedge-funds standards

The Alternative Investment Management Association is preparing the first-ever practice standards for funds of hedge funds.

NEWS INDUSTRY NEWS JUL 03, 2008
Consumer confidence hits all-time low

Americans reacted to soaring gasoline and food prices and the worst stock market since the Great Depression.

INVESTING ALTERNATIVES JUL 03, 2008
Israel to judge: I really tried to kill myself

Hedge fund fugitive Samuel Israel today told a judge that he unsuccessfully tried to overdose on drugs.

NEWS INDUSTRY NEWS JUL 03, 2008
Structuring of beneficiary designations

Smart advisers don’t rely on a client’s memory about beneficiary designations; they ask to see paperwork.

NEWS INDUSTRY NEWS JUL 03, 2008
European Central Bank ups interest rate

The European Central Bank raised its benchmark interest rate a quarter point to 4.25% to combat fears about inflation.

NEWS INDUSTRY NEWS JUL 03, 2008
U.S. economy lost 62,000 jobs in June

The decrease in non-farm payrolls follows a decline of 49,000 jobs last month.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 02, 2008
AIG's Sullivan scores $47 million severance

Former chief executive Martin Sullivan's package includes equity and cash awards valued around $28 million.