The ex-Stamford, Conn.-based hedge fund managed by Samuel Israel defrauded investors out of $300 million.
The board took action to improve transparency in the municipal bond market during its three-day meeting.
The $12.5 billion allocated to hedge funds during the quarter marked the lowest level of new capital since 2005.
The funds employ long-term capital growth strategies by investing primarily in equity securities of U.S. issuers.
Housing starts rose 9.1% to 1,066,000 units in June from May, but down 26.9% from a year ago.
The GCC Titans 40 Index measures the performance of 40 stocks traded in five of the Gulf Cooperation Council nations.
The pursuit of investment performance in an increasingly uncertain market is drawing more attention to alternative investment strategies, a situation that could place more pressure on financial advisers to step outside their traditional comfort zones.
They are the ultimate go-anywhere funds — global funds that can invest virtually anywhere, regardless of geography — and they are growing in number.
The Loomis Sayles Small Cap Value Fund was launched May 13, 1991, and has $1 billion in assets under management.
Mutual funds voted in favor of management proposals more than 90% of the time in 2007, an ICI study found.
Investors in Sandelman Partners $3.2 billion multistrategy hedge fund have been barred from making withdrawals.
Hedge Fund Research Inc.'s Fund Weighted Composite Index fell 0.68% in June and is down 0.75% this year.
The new ETF is designed to provide access to certain equity markets in the Middle East and North Africa.
Thirty-five new hedge funds with a total of $19.5 billion in assets were launched in the Americas during the first six months of this year.
Investors, brokers and analysts believe the current bond-rating system should be reformed.
Banc of America Securities cuts its earnings estimates and price targets on Blackstone Group and Fortress Investment Group.
As it faces $6 billion in new write-downs, Merrill Lynch may sell its BlackRock and Bloomberg interests.
London-based hedge fund taps emerging markets expert to run a $1.2 billion special situations fund.
The Alternative Investment Management Association is preparing the first-ever practice standards for funds of hedge funds.
Hedge fund fugitive Samuel Israel today told a judge that he unsuccessfully tried to overdose on drugs.
