The SEC has filed an injunctive action against James G. Marquez, a principal of the failed Bayou Fund.
BlackRock Inc. has hired Craig Phillips to head its financial markets advisory group, a unit of BlackRock Solutions.
The portfolio manager of Citigroup Inc.’s struggling Falcon Strategies and ASTA/MAT hedge funds, Reaz Islam, is leaving after 18 years at the company.
Apollo Management LP is launching a commodities business to be headed by former Morgan Stanley executive Neal Shear.
The firm will refinance the auction rate preferred securities issued by its municipal closed-end funds.
State Street unit launched the SPDR S&P Emerging Markets Small Cap ETF on the New York-based American Stock Exchange.
Citigroup Inc.’s Falcon Strategies hedge fund plunged more than 75%, taking three banks with it.
Fidelity Investments of Boston today launched a new international equity fund which involves multiple emerging markets.
To preserve their watchdog role and face down calls for change, independent mutual fund board chairmen and lead independent directors are banding together.
A rough start to the year has become a kind of backhanded blessing to the Oppenheimer Small & Mid Cap Value Fund (QVSCX).
The Supreme Court has ruled that Kentucky can continue to tax out-of-state muni bonds, while not taxing in-state ones.
The mutual fund industry should consider itself lucky if, as expected, the SEC this summer recommends placing a cap on 12(b)-1 fees some investor now pay annually via "level loads," industry experts said.
Smaller, newer hedge funds continue to outperform the big dogs, according to the research from PerTrac Financial Solutions.
Financial Research Corp. has stated that it will no longer make available firm-specific fund flow data to the general public, the media and others who have not paid to receive it.
Bob Luxenberg was trying to decide where to invest several million dollars that he had earned building technology businesses in Silicon Valley when he unearthed his latest venture.
The ETFs will seek to earn current income reflective of money market rates available to U.S. investors in the specified country or region.
The number of foreclosure filings rose to 243,353 in April, up 4% from March and up 65% from the same month a year ago.
Toll Brothers reported double-digit declines in new home orders, revenue and home prices in its second quarter.
A Wells notice focuses on the firm's "bidding of various financial instruments associated with municipal securities."
Record-setting oil prices are driving investments in Brazil's bustling sugar cane ethanol industry.
