This year through April, just seven deals for RIAs were struck, in contrast to last year, when there were 58 deals.
The joint venture expects to invest $50 million to $200 million per deal, covering a variety of hedge fund strategies.
Three exchange traded funds from The Vanguard Group Inc. declared a 2-for-1 stock split today.
Alternative asset allocations increased to 28%, compared with 23% in the previous year.
The aim is to remove some of the power investment banks have over selecting which rating firms get paid to rate deals.
The SEC has not decided if synthetic guaranteed minimum withdrawal benefits should be be treated as securities.
Forward Management will buy Accessor Capital Management, creating a combined firm with $5 billion under management.
An association has launched <a href=http://Reit.com>Reit.com</a>, a website designed to address all matters related to REITs.
Orders for factory-made goods unexpectedly rose 1.1% in April, due to a strong increase across several industries.
Washington Mutual board chairman Kerry Killinger and Marsh & McLennan CFO and VP Matthew B. Bartley will leave their jobs.
