Hedge funds pulled out of this summer’s market havoc, recording average returns of 2.44% for the third quarter, according to Morningstar Inc.
Merrill Lynch is stoutly denying that its finance chief, Jeffrey Edwards, will get the boot.
Market uncertainty remains unusually high as a result of subprime-mortgage turmoil, the Fed chief said last night.
A subsidiary of NYSE Euronext announced that connectivity to the BATS market center is available via the Secure Financial Transaction Infrastructure.
Cory Little will head the private banking and investment unit in Boston's global wealth management group.
LPL has plucked Derek Bruton from a custodian that caters to RIAs to oversee its network of affiliated B-Ds.
One of the nation's top-producing independent brokers is under investigation by Michigan securities regulators.
Financial advisers who are frustrated over perceived shortcomings in mutual-fund- rating systems soon will have a new prism through which to view funds.
Four prominent Major League Baseball players are major investors in a hedge fund that was launched last spring, according to Bloomberg.
For the most part, the current crop of software programs aimed at helping financial advisers manage their clients' assets through retirement fall short of their goals, according to a leading technology analyst.
