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MUTUAL FUNDS SEP 22, 2008
Asian markets may be due for a rebound

Most investors will probably look at the recent performance of Asian stocks and run screaming, but some industry experts recommend that they stand pat.

ALTERNATIVES SEP 22, 2008
Bright spot in the dark

In a year of seemingly endless bad news for hedge funds, many hedge-fund-of-funds managers, especially institutionally focused firms, actually thrived.

MUTUAL FUNDS SEP 19, 2008
Bold government rescue steps buoy markets

U.S. markets are poised to open sharply higher this morning after top government officials from the administration and Congress announced a several actions last night intended fight the mounting financial crisis, according to published reports.

MUTUAL FUNDS SEP 19, 2008
Bankers riled by backing for money markets

Say government $50 billion backstop makes funds more attractive — and makes it tougher for banks to attract deposits.

FIXED INCOME SEP 19, 2008
Treasury: Firms to roll out covered bonds

“This is a tough environment to launch a new financial product,” said Neel Kashkari, assistant secretary of the Department of the Treasury, but “never has the market needed this financial product as much as we need it now.”

MUTUAL FUNDS SEP 19, 2008
Legg pumps $630M into money market funds

Legg Mason Inc. has entered into agreements to support three money market funds: Citi Institutional Cash Reserves, Western Asset Institutional Money Market Fund and a fund for offshore investors, CILF U.S. Dollar Liquidity Fund.

MUTUAL FUNDS SEP 19, 2008
Reserve Management freezes funds

The Reserve Management Co. Inc. won’t accept new investors in any of its group of money market funds, the firm said yesterday.

ETFS SEP 19, 2008
ProShares, Rydex suspend sale of ETFs

The move followed the emergency action announced yesterday by the Securities and Exchange Commission temporarily prohibiting short sales of shares of certain financial companies.

MUTUAL FUNDS SEP 19, 2008
Treasury to protect money market funds

The Department of the Treasury announced today that for the next year, it will insure the holdings of any publicly offered eligible money market mutual fund that pays a fee to participate in the program.

ALTERNATIVES SEP 18, 2008
Cox to hedge funds: Reveal short positions

Hedge funds and other large investors would have to disclose their short positions under an emergency rule asked for by Securities and Exchange Commission Chairman Christopher Cox.

MUTUAL FUNDS SEP 18, 2008
BNY Mellon cash reserves fund ‘breaks buck’

The BNY Mellon’s $22 billion Institutional Cash Reserves fund (ICRF) “broke the buck,” falling in value to $0.991 per share on Sept. 16, Bloomberg reported today.

ALTERNATIVES SEP 18, 2008
U.S. hedge funds blast U.K. short-selling ban

A ban on the short-sale of financial stocks put into effect today by Britain’s Financial Services Authority today was criticized by the U.S. trade group that represents hedge funds.

ALTERNATIVES SEP 18, 2008
Hedge funds clipped amid volatile markets

The rocky financial markets of 2008 have taken a toll on hedge funds, with liquidations up and new fund launches down, according to the latest data from HFR Group LLC in Chicago.

MUTUAL FUNDS SEP 18, 2008
Putnam to close money market fund

Putnam Investments today announced the shuttering of its institutional Putnam Prime Money Market Fund (PPMXX) as of 5 p.m. ET yesterday.

ALTERNATIVES SEP 17, 2008
Housing starts fell 6.2% in August

Housing starts fell 6.2% last month from July to a seasonally adjusted annual rate of 895,000 units. That is 33.1% below the figure reported in August 2007, according to a report that the Department of Commerce released this morning.

MUTUAL FUNDS SEP 17, 2008
Huge money market fund 'breaks the buck'

The nation’s oldest money market mutual fund, The Reserve Primary Fund (RPRXX), fell below $1 in net asset value yesterday because of its exposure to debt from Lehman Brothers Holdings Inc.

ETFS SEP 15, 2008
Infrastructure should be its own asset class, some argue

Companies involved in the operation of toll roads, airports and seaports represent a new asset class, according to some industry experts.

MUTUAL FUNDS SEP 15, 2008
Fannie, Freddie red flags profited alert managers

Clearly, some mutual fund managers saw the writing on the wall.

MUTUAL FUNDS SEP 15, 2008
As asset levels fall, fund complexes slice costs

MUTUAL FUNDS SEP 15, 2008
Advisers to stick with Neuberger funds

As the market pushed Lehman Brothers Holdings Inc. into a fire sale last week, some financial advisers and registered representatives said they were sticking with Lehman's storied investment management division, Neuberger Berman, at least for now.