Despite a troubled economy, the hedge fund industry attracted a record $194.5 billion in new investor capital in 2007.
“The NAIC investigated itself with an attorney who used to work for the insurers,” said the Life Insurance Settlement Assoc. chief.
U.S. consumer prices rose 0.3% in December of 2007, followoing an 0.8% bump in November, the largest of 2007.
Outgoing Rep. Richard Baker, R-La., will be the new president and chief executive of the Managed Funds Association.
Producer prices were up 6.3% in 2007, the largest full-calendar-year rise since 7.1% in 1981.
Knight Capital has bought EdgeTrade, a privately-held agency-only trade execution and algorithmic software company.
Dalbar Inc., a financial services market research firm, has tapped an ex-insurance executive to start a division catering to the needs of compliance departments.
The new indexes measure the performance of companies in accord with the values and principles of Dharmic religions.
Ex-Fed chief Alan Greenspan’s guidance will be exclusive during his tenure at Paulson & Co.
Doug Townsend has been the vice president and controller of both entities since January 2004.