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MUTUAL FUNDS APR 03, 2009
Labor Dept., SEC to probe target date funds

The Department of Labor will begin an "immediate review" of target date funds — one that could lead to new regulations placed on the all-in-one investment strategies — according to a letter sent to a key Senate committee.

ALTERNATIVES APR 02, 2009
Madoff's home in Florida lost almost $2M in value

Even Bernie Madoff isn't exempt from the real estate slump.

FIXED INCOME APR 01, 2009
Muni bond funds lead the pack after rocky 2008

Eight out of the 10 best-performing bond funds during the three-month period ended March 30 were municipal bond funds, according Lipper Inc. of New York.

ALTERNATIVES APR 01, 2009
Firms colluded with Madoff, Galvin charges

Massachusetts Secretary of the Commonwealth William Galvin today charged Fairfield Greenwich Advisors LLC and Fairfield Greenwich (Bermuda) Ltd. with fraud in connection with the Bernard Madoff investment scandal.

MUTUAL FUNDS APR 01, 2009
Treasury extends guarantees for money market funds

The Treasury Department on Tuesday extended a temporary guarantee of money market mutual fund assets initially put in place during the height of the financial crisis.

ALTERNATIVES APR 01, 2009
Pending home rise 2.1 percent in Feb. from Jan.

An index that tracks signed contracts to purchase previously occupied homes rose in February from a record low a month earlier as buyers took advantage of deeply discounted prices and low interest rates.

ALTERNATIVES MAR 31, 2009
Salvation for seniors seen in alternative investments

Even though retired clients have been hobbled by tanking investments, opportunities still await those who dare to try alternative investments, according to experts.

ALTERNATIVES MAR 31, 2009
U.S. home-prices drop set records in January

U.S. home prices sank by the sharpest annual rate on record in January, and the pace continues to accelerate, but there were a handful battered metro areas where price declines slowed, according to data released today.

ESG MAR 31, 2009
Dependence on fuel stokes bad economy, Gore says

The economic crisis is deeply interconnected with other crises facing the nation, former Vice President Al Gore told more than 2,000 people at the Citi Performing Arts Center Wang Theatre in Boston last night.

ETFS MAR 31, 2009
Barclays announces ‘preferred bidder’ for iShares unit

It looks as if Barclays’ iShares exchange traded fund business will be sold to a Luxembourg-based global private-equity firm.

RETIREMENT PLANNING MAR 31, 2009
Employers flock to gov't funds to safeguard DC plans

More employer-sponsored retirement plans may start to offer Treasury and government money market mutual funds to minimize the risk of losses, according to a survey of plan consultants released today by Pacific Investment Management Co. LLC.

MUTUAL FUNDS MAR 29, 2009
Reaction mixed as SEC shelves reform of 12(b)-1 fees

Fee-only financial advisers were unhappy to learn that 12(b)-1 fee reform — once a top priority for the Securities and Exchange Commission — is on hold, but others in the investment management industry, specifically those in the brokerage community, welcomed the news.

EMERGING MARKETS MAR 27, 2009
Swiss bankers bristle over international criticism

The president of the Swiss Bankers Association says it's time other countries stopped criticizing the Alpine nation as a haven for tax evaders.

FIXED INCOME MAR 27, 2009
Defrauded MBIA investors get $60 million

Distributions of $60 million have been made to investors of municipal bond insurer MBIA Inc. of Armonk, N.Y., the Securities and Exchange Commission announced today.

MUTUAL FUNDS MAR 27, 2009
Adviser seeks Reserve refunds from New York AG

A Brooklyn financial adviser filed a complaint has filed with the New York State Office of the Attorney General on behalf of clients who haven’t received the final distribution from the liquidation of a money market mutual fund offered by Reserve Management Co. Inc.

ALTERNATIVES MAR 27, 2009
Commercial banks take 4Q hit trading derivatives

Commercial banks lost $9.2 billion trading derivatives during the fourth quarter as the credit crisis intensified, according to a report released today by the Office of the Comptroller of the Currency.

MUTUAL FUNDS MAR 27, 2009
DWS to shutter three mutual funds

DWS Investments plans to liquidate three of its 77 mutual funds on June 5, according to a filing this week with the Securities and Exchange Commission.

MUTUAL FUNDS MAR 27, 2009
Money fund regs not expected to exceed ICI guidelines

Although the Securities and Exchange Commission is eyeing regulatory changes for money market mutual funds, industry observers are not expecting stricter standards than those adopted by the Investment Company Institute last week.

ALTERNATIVES MAR 26, 2009
Mortgage rates drop to record low

Rates on 30-year mortgages plunged this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market.

MUTUAL FUNDS MAR 25, 2009
Fidelity reopens two funds, unveils one

Fidelity Investments said that it will reopen the Fidelity Diversified International Fund (FDIVX) and the Fidelity Small Cap Stock Fund (FSLCX) to new investors March 30 and launch the Fidelity Global Commodity Stock Fund on March 31.