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MUTUAL FUNDS OCT 19, 2008
Super-bear funds roar to life

Believe it or not, some presumably sane and sober investors are looking forward to opening their next mutual fund statement.

ALTERNATIVES OCT 17, 2008
Hedge funds flail in third quarter

Hedge fund data-gatherers have started rolling out the grim numbers from September, a month being dubbed the worst month in the history of the shrinking industry.

ALTERNATIVES OCT 17, 2008
Home starts drop to 17-year low

The housing crisis showed no signs of rebounding in September as construction of homes dropped to its slowest pace since early 1991, and building permits for new homes fell to their lowest level in almost 27 years.

ETFS OCT 17, 2008
Invesco unveils emerging markets ETFs

Invesco PowerShares Capital Management LLC’s emerging markets infrastructure exchange traded fund began trading yesterday, the Wheaton, Ill., firm announced.

ALTERNATIVES OCT 16, 2008
Hedge funds clipped by manic market

If preliminary data on hedge fund redemptions for September are any indication, the $1.9 trillion industry could be scrambling to honor a flood of withdrawal requests at the end of the year.

ALTERNATIVES OCT 16, 2008
‘Portfolio pumping’ scheme foiled by SEC

San Francisco hedge fund MedCap Management & Research LLC and its principal, Charles Toney, were charged today by the Securities and Exchange Commission with reporting misleading results by “portfolio pumping.”

ALTERNATIVES OCT 16, 2008
Analyst decries REITs sell-off

Raymond James & Associates Inc. analyst Paul Puryear upgraded eight real estate investment trusts today in the belief that the recent sell-off in the sector has been overdone.

MUTUAL FUNDS OCT 15, 2008
Receiver sought for Reserve International fund

Shareholders have filed court papers asking the New York State Supreme Court to name a receiver for Reserve Management Co. Inc.’s International Liquidity Fund, in order to organize its liquidation.

ALTERNATIVES OCT 15, 2008
MFA decries call for hedge fund ban

The $1.9 trillion hedge fund industry has gone on the defensive following a recent statement by Italian finance minister Giulio Tremonti, who suggested a move to abolish the alternative-class investments in Italy.

ALTERNATIVES OCT 14, 2008
Permal to raise $500M for distressed debt

The Permal Group, a hedge fund group owned by Legg Mason Inc., plans to raise up to $500 million to purchase distressed hedge fund holdings.

FIXED INCOME OCT 14, 2008
MSRB announces senior management changes

The Municipal Securities Rulemaking Board has promoted two staff members to new roles and hired a new member to its senior management team.

FIXED INCOME OCT 14, 2008
U.S. to buy equity stakes in major banks

In an effort to breathe life into the struggling economy, the Treasury Department will inject $250 billion into banks, while the FDIC took steps to help depositors.

MUTUAL FUNDS OCT 14, 2008
Primary Fund distribution delayed

The Reserve announced yesterday that the distribution from the liquidation of the Reserve Primary Fund would not happen within the time frame previously planned.

ALTERNATIVES OCT 13, 2008
California foreclosures slowed in Sept.

The latest data, released today by ForeclosureRadar.com, show the number of default notices filed against California homeowners plummeted 61.8% in September from August, and slipped 36.4% from a year ago.

MUTUAL FUNDS OCT 12, 2008
Discount gap widens on closed-end funds

Closed-end funds are trading at discounts not seen in more than a decade, giving savvy investors plenty of opportunity to snap up a portfolio of securities for less than what those investments are actually worth.

MUTUAL FUNDS OCT 12, 2008
Despite a slump, experts high on target date funds

Target date funds were hammered in the third quarter and fared worse then the S&P 500 because of poor performance from international stocks.

FIXED INCOME OCT 10, 2008
Bond fund costs Schwab more than $500,000

The Charles Schwab Corp. short-term-bond fund that blew up this year because of its exposure to mortgage-backed securities is now costing the firm as a result of significant legal losses.

MUTUAL FUNDS OCT 09, 2008
Reserve to liquidate more money market funds

The Reserve Management Co. Inc. of New York announced yesterday the liquidation of 15 money market mutual funds.

ALTERNATIVES OCT 09, 2008
Short-selling ban lifted, managers rejoice

A temporary ban on short selling the stock of more than 800 banks and related financial companies expired at midnight, much to the satisfaction of the hedge fund industry.

ETFS OCT 09, 2008
ProShares ETFs back in business after ban lift

The ProShares UltraShort Financials (SKF), and ProShares Short Financials (SEF) exchange traded funds resumed the normal process of creating new shares today.