Hedge funds are about to see billions wiped out as investors take their money and run, the Financial Times reported.
Total assets of the 546 ETFs listed in the U.S. rose 3.7% to $507.11 billion in August.
Goldman Sachs analyst William Tanona expects Merrill's third-quarter earnings to decline by 89% to $208.9 million.
The PowerShares International Listed Private Equity Portfolio has generated quite a lot of buzz.
The Vanguard Group today filed for a new series of mutual funds designed to provide monthly payments to retirees.
New York Life International, the overseas arm of New York Life Insurance Co., has hired Richard L. Mucci as its chairman and chief executive.
Two leaders in the asset management world will head efforts to define best practices for hedge funds.
Merrill Lynch alumnus Kurt Peterson previously had assets under management of about $177.5 million.
Assets in Asia-based mutual funds—excluding those based in Japan—hit a high of $652 billion in 2006, according to a report from Boston-based Cerulli Associates.
The hedge fund industry has joined with Habitat for Humanity of New York to raise money and help working families achieve home ownership.
