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NEWS INDUSTRY NEWS MAR 12, 2007
Baby boomers creating opportunities

NEW YORK — The ever-evolving need for assisted-care facilities for the elderly and increased concern over energy policy have created opportunities for municipal bond portfolio managers.

INVESTING ALTERNATIVES MAR 12, 2007
SEC weighs raising bar on private-equity pools

The Securities and Exchange Commission is considering whether to raise the financial bar for investing in private-investment pools other than hedge funds.

NEWS WIREHOUSES MAR 12, 2007
Wirehouse accounts don’t match client goals

In a huge survey of its clientele, Schwab Institutional documented what financial advisers have been screaming about for years.

NEWS BROKER DEALERS MAR 12, 2007
Commonwealth plans to open its payout purse

NEW YORK — Commonwealth Financial Network of Waltham, Mass., said it is giving pay raises to 400 of its advisers effective April 1, increasing the payout for advisers once they reach $25 million in assets on the firm’s proprietary managed money system.

NEWS INDUSTRY NEWS MAR 12, 2007
A new market emerges for Mother Nature

WASHINGTON — A new financial product will allow traders to bet on which way the wind blows. The Chicago Mercantile Exchange today began selling hurricane futures contracts and options on futures contracts.

RETIREMENT IRA ALERT MAR 12, 2007
Unexpected trouble on direct non-spouse rollovers

Transfers to non-spouse company retirement plan beneficiaries under the Pension Protection Act of 2006 are effective for 2007 (InvestmentNews, Jan. 29), but it turns out there may be problems and challenges in obtaining the intended benefits.

NEWS INDUSTRY NEWS MAR 12, 2007
Biodiesel industry heats up as number of plants rises

NEW YORK — Once the domain of the Corn Belt, the biofuel industry is heating up across 41 states, thanks to the emergence of biodiesel.

RETIREMENT RETIREMENT PLANNING MAR 12, 2007
401(k) ideas dissected at congressional hearing

WASHINGTON — The ideas of limiting 401(k) plan options to index funds and requiring all plan administrators to be brought under fiduciary duties were in focus last week at a congressional hearing on 401(k) fees.

NEWS INDUSTRY NEWS MAR 12, 2007
Watch out for falling BRICs, investors warned

NEW YORK — Emerging-markets investors may have done well for themselves during the past four years, but there are several reasons why they might want to exercise caution in the coming months, according to one portfolio manager.

NEWS INDUSTRY NEWS MAR 12, 2007
India well positioned for surge in real estate

NEW YORK — Real estate investment trusts don’t exist in India, but investing in real estate there shows great potential, according to executives at Deloitte Touche Tohmatsu.