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ALTERNATIVES JUN 18, 2007
Cox’s letter on soft dollars reopens debate

The debate over abolishing or reforming the practice of soft dollars to curb perceived conflicts of interest was reopened recently, and some industry experts are considering the potential effect on hedge funds should the discussion reach Congress.

ETFS JUN 18, 2007
Rydex said to trumpet its ETFs to potential buyers

PHILADELPHIA — Rydex Investments is emphasizing its exchange traded funds in talks with firms interested in acquiring the company, according to sources.

ETFS JUN 15, 2007
Barclays unveils international index ETF

Barclays Global Investors of San Francisco has launched the iShares Dow Jones EPAC Select Dividend Index ETF on NYSE Arca today.

MUTUAL FUNDS JUN 15, 2007
Columbia Acorn grows its minimum

Columbia Acorn has increased the minimum initial investment for Columbia Acorn Select accounts from $50,000 to $100,000.

MUTUAL FUNDS JUN 15, 2007
Firm tax may lead to fund tax

Taxing some private equity firms as corporations could result in the funds themselves being taxed the same way.

MUTUAL FUNDS JUN 15, 2007
Marsico buys itself back from BofA

Marsico Capital Management founder and chief executive Thomas F. Marsico has agreed to buy back management firm from Bank of America.

ALTERNATIVES JUN 14, 2007
Bear Stearns shutters hedge fund

The Bear Stearns Cos. Inc. is liquidating holdings from a recently formed hedge funds after it lost money on subprime mortgage bonds.

MUTUAL FUNDS JUN 14, 2007
AXA Rosenberg added on two Vanguard Funds

The Vanguard Group Inc. today said it has added AXA Rosenberg Investment Management LLC to the advisory teams of the $12.8 billion Vanguard Explorer Fund and the $1.6 billion Vanguard U.S. Value Fund.

ALTERNATIVES JUN 13, 2007
Rubin: Boost hedge managers' taxes

Hedge managers should pay more than double their current tax rate, said a former Treasury secretary.

ALTERNATIVES JUN 13, 2007
Hedge row erupts in East Hampton

It’s only the third week of June, but hedge fund gossip has headed to the Hamptons for the summer.

MUTUAL FUNDS JUN 12, 2007
Wachovia sued over bank sweep program

Wachovia Securities has been added to a lawsuit challenging the legality of firms’ bank deposit sweep programs.

ETFS JUN 12, 2007
Powershares to unveil international ETFs

PowerShares will launch five new internationally focused ETFs on the American Stock Exchange tomorrow.

ALTERNATIVES JUN 12, 2007
Another hedge fund resists ABN deal

Seacliff Capital, a San Francisco hedge fund, has joined the ranks of those opposing Barclays’ bid for ABN AMRO, published reports said.

ALTERNATIVES JUN 12, 2007
Hedge fund to buy surplus lines insurer

Hedge fund D.E. Shaw has formed a Bermuda-based holding company to acquire James River Group Inc. for $575 million.

ALTERNATIVES JUN 12, 2007
Hong Kong eases way for hedge funds

Hong Kong is simplifying the licensing agreements for overseas hedge fund managers looking to set up shop in the territory.

ALTERNATIVES JUN 11, 2007
Treasury official: beware complacency

The hedge fund industry is at risk of being lulled into a false sense of security that could expose the broader financial markets to additional risks, according to Anthony Ryan, assistant secretary of the Treasury for financial markets.

ETFS JUN 11, 2007
SSgA sweetens pay for wholesalers on ETFs

In an effort to catch industry leader Barclays Global Investors, State Street Global Advisors has raised the wholesalers’ compensation for effecting the sale of exchange traded funds and lowered the amount it pays for effecting sales of its mutual funds and separately managed accounts.

MUTUAL FUNDS JUN 11, 2007
It is high noon for 12(b)-1 fees

The SEC plans to decide by the end of the year whether to reform 12(b)-1 fees or eliminate them altogether, and proponents of both alternatives are poised to try swaying its decision.

WIREHOUSES JUN 11, 2007
Wachovia deal likely to heat competition

Wachovia Corp.’s planned $6.8 billion purchase of A.G. Edwards Inc. could make an already competitive sales game even tougher for U.S. mutual fund firms, some analysts said.

MUTUAL FUNDS JUN 11, 2007
Congress seeks comment on cost basis reporting

WASHINGTON — The Senate Finance Committee has taken the unusual step of asking for public comment on a legislative proposal for a bill that would require brokers and mutual funds to report the cost bases of their customers’ securities transactions.