Sales were up 3.1% from June, but down 13.2% from the same month a year ago, according to NAR.
The wild popularity of 130/30 funds notwithstanding, recent analysis of the unique long-short strategy suggests that advisers would be wise to check under the hood for a closer look at the portfolio and not just jump in to the latest marketing craze.
Pacific Investment Management Co. is raising fees as of Oct. 1 on the institutional share classes of several funds.
The funds gained some momentum during the quarter ended June 30, but are still struggling, according to HFR.
Paul Eustace will pay more than $279 million in restitution to settle charges that he defrauded commodity pool participants.
LandCap Partners has announced plans to buy $40 million of troubled land and construction loans from Wachovia Corp.
The cost of doing business increased to a 26-year high while housing starts crumbled to a 17-year low.
There are many shades of green — and there are many varieties of green funds.
Focus and strategic ability are important skills for a financial industry leader, and Keith Hartstein, president and chief executive of the $54 billion John Hancock Funds of Boston, has found a unique way of honing these talents — by fencing.
Funds of hedge funds, after enjoying steady growth since the beginning of the decade, are now seen by some in the industry as victims of their own success.
MBIA Inc. and Ambac Financial Group Inc. rallied in early trading following a positive report from Standard and Poor’s.
The redemptions were triggered by an 8% drop in U.S. stock indexes in June, followed by further deterioration in July.
The number of homes receiving foreclosure notices surged to 272,171 in July, up 8% from June.
A tax-exempt strategy that utilizes exchange traded funds investing in municipal bonds has been announced by Curian Capital.
The firm plans to categorize and rate the 3,500 funds of hedge funds in its database.
The hedge fund industry faces growing opposition to its efforts to hold back restrictions on naked short selling.
Berkshire Hathaway reported net earnings declined to $2.88 billion from $3.12 billion a year ago.
U.S. exchange traded fund assets totaled about $575 billion as of June 30, down 5.4% from the beginning of the year.
The bond market is in for more volatility, but a turnaround could start to emerge in the next six months, according to the head of Invesco Ltd.'s worldwide fixed-income division.
A recently released SEC study provides further evidence that mutual fund prospectuses need fixing.
