The House Financial Services Committee heard testimony about risks hedge funds may pose to the investors and the economy.
The Senate Finance Committee is scrutinizing a bill that could raise taxes paid by hedge fund managers and private equity heads.
Claymore Securities Inc. has teamed up with Zacks Investment Research to launch two exchange traded funds on the American Stock Exchange today.
Conseco Inc. will consolidate operations and sell properties as part of a plan to pare down expenses.
New York Life Insurance Co. has promoted Gary Scofield to senior vice president and chief actuary.
The Secretary of the Treasury will hold a conference to examine the tax system's effect on U.S. businesses and economic growth.
Hedge funds have beaten out the major indicators in the month of June.
Runaway hedge fund manager Michael Berger, whose U.S. fund lost $400 million, was caught in Austria last week, according to published reports.
Two-thirds of defined benefit pension sponsors have either closed their plans to new hires or have frozen such pensions for all participants in the last two years.
Presidential candidate John Edwards stands behind proposed tax hikes for private-equity and hedge fund managers, the Wall Street Journal reported.
