Citigroup Inc. of New York has been sued by a participant in its $12 billion 401(k) plan.
Real estate investment managers raised about $23.5 billion in 285 private equity funds in the first half of the year, according to Ernst & Young.
Emerging equity markets returned 13.81% in the quarter ended Sept. 30, more than six times the developed equity markets’ return of 2.07% in the same period.
Real estate manager Adelante Capital Management’s Adelante Shares subsidiary and XShares Advisors introduced seven equal-weighted REIT ETFs.
U.S. ETF assets rose 13% in August, with inflows of $22.2 billion, according to a report by State Street Global Markets.
Hedge funds overall experienced outflows of $32 billion in July, according to data from the TrimTabs/Barclay Hedge Fund Report.
Gordon Robert Moore was indicted by a Colorado grand jury on 45 counts of theft, securities fraud and forgery.
Chimera Investment Corp., a newly formed specialty finance company that will invest in mortgages, filed to raise up to $250 million through an initial public offering.
Performance was negative in July for 12 of 21 hedge fund indexes created by Hedge Fund Research.
An article about Credit Suisse/Tremont hedge fund indexes revising performance data did not include a correct comparison of indexes.
