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.
Goldman Sachs Group Inc. and Kohlberg Kravis Roberts & Co. have backed out of their $8 billion buyout of audio equipment maker Harman International Industries Inc. of Washington.
Combined net assets for variable annuities hit $1.5 trillion during the second quarter, according to a report from NAVA.
Morgan Stanley is in talks to purchase a 20% stake in Traxis Partners LP, a hedge fund founded by the company's former chief strategist, Barton Biggs.
Three hedge funds are set to pounce on Northern Rock, the British mortgage lender.
Envestnet Asset Management Inc. is bringing the PMC brand name back and giving the unit its own sales force.
While recent stock market declines may worry some investors, those with stocks and funds in their individual retirement accounts can take advantage of current market volatility by making key moves.
Some financial advisers are relying on an old strategy called a grantor-retained annuity trust to help rich clients who want to pass their assets on to their children free of estate tax.
