A cold front materialized in the first quarter for the once-hot emerging-markets-equity sector as U.S. investors pulled out $1.85 billion from the fund category.
While they trust financial advisers, most wealthy investors are not satisfied with the amount of information they get from their mutual fund companies, according to the results of a new survey.
Ex-execs committed securities fraud by allowing a hedge fund to profit by quickly trading shares, the SEC alleges.
Domestic-equity funds posted net inflows of $17.5 billion and government funds had nearly $3 billion.
One Goldman analyst says the bond insurers will need $3.4 billion each in added capital thanks to more quarterly losses.
Net new issuance of Treasury coupon securities is expected to hit $47 billion in the second quarter.
Congressmen question an apparent conflict of interest between holders of auction rate securities and fund companies.
The redemptions would be the first involving tax-free closed-end funds caught in failed auctions.
Derek Kaufman, who spent 12 years at JPMorgan, will serve as the hedge fund's senior managing director.
Greg Coffey, a portfolio manager with the hedge fund, who oversees $7 billion in assets, is stepping down May 1.
Sales of existing homes decreased by 2% last month to a seasonally adjusted rate of 4.93 million units.
The current economic and market challenges apparently aren't enough to derail the growth and prosperity of the $2 trillion hedge fund industry, according to a survey of hedge fund managers.
If investors were expecting the first actively managed exchange traded funds to look anything like their mutual fund counterparts, they are probably disappointed by three ETFs that Invesco PowerShares Capital Management LLC introduced this month.
While some financial services firms tighten their belts in times of economic uncertainty, others see it as a good time to add sales jobs.
Tools designed to help investors avoid investments in countries that sponsor terrorism or genocide, or that violate the human rights of their citizens, are the latest offerings from financial services firms.
Investors Capital Advisory Services has released a new mutual fund wrap program named FundSelect.
Activist hedge fund manager Phillip Goldstein will create a non-profit to help the industry challenge "regulatory injustices."
ActivePassive Funds group has launched on several platforms including those of Fidelity, Pershing and TD Ameritrade.
The number of mutual funds voting against climate change resolutions declined from 77.8% in 2004 to 65% in 2007.
