Bloomberg

Bloomberg
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INVESTING MUTUAL FUNDS JUN 20, 2007
Investors eye shorting China funds

Investors who won big during China’s stock market rise are looking to cash in on its possible decline, the Wall Street Journal said.

INVESTING ALTERNATIVES JUN 20, 2007
Index tracks minority-owned hedge funds

HFR has introduced the HFRX Diversity Index, designed to reflect the performance of the minority- and women-owned hedge funds.

INVESTING ALTERNATIVES JUN 20, 2007
Two Bear funds on verge of breakdown

Two Bear Stearns hedge funds that invested heavily in securities backed by subprime mortgage loans are close to being shut down.

NEWS WIREHOUSES JUN 20, 2007
Lehman to float private equity IPO

Lehman Brothers plans to raise $500 million for a fund that invests in private equity companies, according to published reports.

INVESTING MUTUAL FUNDS JUN 20, 2007
Commission OKs XBRL for funds

The SEC voted to allow mutual funds to submit data on their risks and returns in an interactive electronic format.

NEWS WIREHOUSES JUN 20, 2007
Morgan posts stellar second quarter

Morgan Stanley scored record levels of income and net revenues during the second quarter.

INVESTING ETFS JUN 20, 2007
London Stock Exchange speeds up

The London Stock Exchange has launched a new electronic trading system which promises to execute trades in 10 milliseconds.

INVESTING ETFS JUN 20, 2007
Fabozzi joins ETF index developer

Noted academic Frank J. Fabozzi will serve as senior adviser to ETF and index research firm IndexIQ Inc.

INVESTING MUTUAL FUNDS JUN 19, 2007
Fidelity unit hires fund manager

Pyramis Global Advisors, a Fidelity Investments Co. subsidiary, has appointed Daniel E. Crowe as a portfolio manager of mid-cap growth equities for institutional clients.

INVESTING MUTUAL FUNDS JUN 19, 2007
Bear Stearns platform to add funds, tools

Bear Stearns Broker-Dealer & Investment Advisor Services has expanded its mutual fund platform.