Two leaders in the asset management world will head efforts to define best practices for hedge funds.
Assets in Asia-based mutual funds—excluding those based in Japan—hit a high of $652 billion in 2006, according to a report from Boston-based Cerulli Associates.
The Vanguard Group yesterday filed with the Securities and Exchange Commission to offer three index funds.
The hedge fund industry has joined with Habitat for Humanity of New York to raise money and help working families achieve home ownership.
Morgan Stanley is in talks to purchase a 20% stake in Traxis Partners LP, a hedge fund founded by the company's former chief strategist, Barton Biggs.
Goldman Sachs Group Inc. and Kohlberg Kravis Roberts & Co. have backed out of their $8 billion buyout of audio equipment maker Harman International Industries Inc. of Washington.
Three hedge funds are set to pounce on Northern Rock, the British mortgage lender.
Envestnet Asset Management Inc. is bringing the PMC brand name back and giving the unit its own sales force.
After being beaten down as a result of the subprime-mortgage mess, junk bonds now look like big winners following last week’s interest rate cut by the Federal Reserve.
With growth-oriented stocks poised to make a comeback, many mutual fund companies may soon be forced to weigh the power of lessons learned from the burst of the dot-com bubble against the allure of growth.
The firm, with $100 million in assets under management, focuses on introducing exchange traded funds.
FRM, a London-based global hedge fund manager, will transition its assets to JPMorgan Hedge Fund Services.
Goldman's Global Alpha managers sent a letter to investors saying they would keep the fund open.
It’s the latest chapter in whether insurers can sue participants in a municipal bond transactions for securities fraud.
NovaStar, the troubled residential lender, will give up its status as a real estate investment trust.
The regulator is probing for relationships between managers, employees, family members and public companies.
Agustin “Gus” J. Fleites is now the president of IndexIQ Advisors, a new asset management subsidiary of IndexIQ.
Recent recalls of Chinese products, including poisonous pet food and toys coated in lead paint, are having little effect on red-hot Chinese stocks.
Despite a downturn in private-equity returns, two new exchange traded funds providing investors access to that space may soon be launched. The proposed ETFs — one from PowerShares Capital Management LLC of Wheaton, Ill., and the other from Barclays Global Investors of San Francisco — would join what is the only private-equity ETF in existence: the PowerShares Listed Private Equity Fund.
U.S. ETF assets rose 13% in August, with inflows of $22.2 billion, according to a report by State Street Global Markets.
