Bloomberg

Bloomberg
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NEWS INDUSTRY NEWS JUN 01, 2007
Stubborn clients? Blame the brain

It's the prefrontal cortex, stupid. That's the part of the client's brain that can scuttle an adviser's best-laid plans.

NEWS WIREHOUSES MAY 31, 2007
Saudi prince backs Prince

The largest shareholder of Citigroup has expressed confidence in chief executive Charles Prince and does not want to see a breakup of the company.

INVESTING ALTERNATIVES MAY 31, 2007
Man Group to launch hedge fund IPO

Hedge fund manager Man Group plans to list one of its hedge funds on the NYSE this fall – and today announced a strong annual profit.

INVESTING ALTERNATIVES MAY 31, 2007
Idaho hedge fund manager pleads guilty

The former head of an Idaho hedge fund firm pleaded guilty to securities fraud, according to published reports.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAY 30, 2007
HSBC unveils donation for climate study

London-based HSBC, Europe’s biggest bank, has created a $100 million partnership to study the impacts of climate change.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAY 30, 2007
N.Y. Life unveils retirement analysis tools

New York Life Retirement Plan Services is taking a page from retailers like Amazon.com Inc. in order to better understand and predict employee retirement planning behavior.

NEWS WIREHOUSES MAY 30, 2007
OppenheimerFunds’ Wilby to retire

OppenheimerFunds Inc. Wednesday said Bill Wilby will retire from the New York-based company June 30 after 16 years of service.

INVESTING ALTERNATIVES MAY 30, 2007
Goldman's lead hedge fund takes hit

Global Alpha, Goldman Sachs’ flagship hedge fund, fell 3.4% during the first four months of this year.

NEWS WIREHOUSES MAY 30, 2007
Spitzer creates financial commission

Gov. Eliot Spitzer has created a commission to help New York City hold onto and expand its status as a world financial capital.

NEWS WIREHOUSES MAY 30, 2007
Fidelity moves traders to Tokyo

Fidelity Investments will move its Japanese equity-trading desk to Hong Kong from Tokyo, published reports said.