Investing

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ALTERNATIVES OCT 31, 2008
Deephaven freezes $1.6 billion hedge fund

The Minnetonka, Minn.-based fund’s chief executive, Colin Smith, said in a letter to investors that the current pace of redemption requests could hurt “both continuing and later redeeming investors."

MUTUAL FUNDS OCT 31, 2008
First payouts made to Primary Fund shareholders

The Reserve Management Co. Inc. of New York today completed the first wave of distributions to shareholders from the liquidation of the Primary Fund.

MUTUAL FUNDS OCT 31, 2008
Investors cash out $21.9 billion from funds

Investors pulled $21.9 billion out of stock and bond mutual funds in September, according to estimates from the Financial Research Corp. of Boston.

ALTERNATIVES OCT 31, 2008
For 7.5 million, mortgages outweigh home values

More than 7.5 million Americans at the end of September owed more in loans than their house was worth, according to a report by First American CoreLogic Inc. of Santa Ana, Calif.

MUTUAL FUNDS OCT 29, 2008
Mutual funds must file rule exemptions online

Mutual funds and other companies that seek regulatory-rule exemptions will have to submit their applications electronically under a rule adopted today by the Securities and Exchange Commission.

MUTUAL FUNDS OCT 29, 2008
The Reserve Fund’s PR gaffe

The Reserve’s handling of its communications surrounding the financial problems, unfortunately, earn a grade of less than a gentleman’s “C.”

ESG OCT 28, 2008
Firms join to make socially conscious indexes

KLD Research & Analytics Inc. and FTSE Group today announced a strategic partnership designed to offer a comprehensive offering of environmental, social and governance research and indexes.

ALTERNATIVES OCT 28, 2008
Home prices continue race to bottom

The residential real estate market continued to struggle in August with home prices tumbling at a record pace during the month, according to the Standard &Poor’s/Case-Shiller Home Price Index that was released today.

ALTERNATIVES OCT 28, 2008
Report: Deutsche lost $400M in equity derivatives

Deutsche Bank AG lost more than $400 million on equity derivatives as the stock markets fell in the wake of the financial crisis, two people familiar with the matter told Bloomberg.

ALTERNATIVES OCT 27, 2008
New-home sales rise in September

The latest data from the Department of Commerce indicate sales of new single-family homes rose slightly in September from August while average home prices fell to their lowest level in almost three years.

MUTUAL FUNDS OCT 26, 2008
Guided by the stars

At least one portfolio manager claims to be staying one step ahead of the market mayhem, thanks to the stars.

FIXED INCOME OCT 26, 2008
Junk bonds seen as stock alternative for bargain hunters

It's understandable that bargain hunters are drawn to beaten-down stocks, but they may be doing themselves a disservice if they don't also consider junk bonds

MUTUAL FUNDS OCT 26, 2008
Risk becoming Fund managers to focus on risk, balance sheets

Recent market volatility is forcing mutual fund managers to pay more attention to how much risk they are taking in their portfolios and to focus more on balance sheets.

MUTUAL FUNDS OCT 26, 2008
Wells Fargo launches socially conscious fund

Wells Fargo & Co. has made its first foray into socially conscious investing.

ALTERNATIVES OCT 24, 2008
Gold prices rise more than 2%

The price of an ounce of gold for December delivery increased more than 2% in Friday trading, following a decrease of more than $190 .

ALTERNATIVES OCT 24, 2008
Democratic leaders angry with hedgers

Six Democratic House leaders who deal with financial services issues, including Rep. Barney Frank, D-Mass., Friday expressed “outrage” over a news report that some hedge funds have tried to convince companies that service mortgages not to take advantage of legislation aimed at reducing foreclosures, because it would hurt their mortgage investments.

ALTERNATIVES OCT 23, 2008
Foreclosures rocketed 70% in third quarter

In another sign that the housing turmoil continues to deepen, foreclosure activity surged more than 70% in the third quarter from the same period a year ago, according to the latest data from RealtyTrac of Irvine, Calif.

MUTUAL FUNDS OCT 19, 2008
Managers' cash weighting drops along with market

For some portfolio managers, the upside of all the recent market turmoil is that almost everything suddenly looks cheap.

MUTUAL FUNDS OCT 19, 2008
Wells acquisition will produce fund giant

Wells Fargo & Co.'s anticipated acquisition of Wachovia Corp. will create a new mutual fund behemoth.

MUTUAL FUNDS OCT 19, 2008
Pimco spreads its wings and looks beyond its strengths

Pimco wants to be more than just a fund manager, and plans to expand that message to the retail marketplace.