Load funds significantly underperform a buy-and-hold strategy with the same funds, says the Zero Alpha Group.
Investors in Bear Stearns' two collapsed hedge funds have filed arbitration claims against firm, according to Reuters.
Merrill's new CEO will receive 46,304 shares of restricted stock that will vest over the next three years.
The regulator is investigating whether financial entities are investing in hedge funds in order to share inside information.
The Bank of America report identifies 12 donor types and how they go about giving away their money.
Schwab Charitable Fund has reduced the minimum donation to open a charitable gift account from $10,000 to $5,000.
The European Central Bank held its key interest rate at 4%, while The Bank of England cut interest by a quarter-point.
The Spectrem Millionaire Investor Index fell 11 points in November to a reading of 3.
The figure comes in much higher than market expectations and the biggest monthly increase in a year.
The ETF seeks to track the total return performance of the Lehman Brothers High Yield Very Liquid Index.
