Allison Bisbey Colter

The dispersion of performance between best and worst performers narrows.

Renshaw Bay is backed by RIT Capital Partners and Reinet Investments.

At $1.917 trillion, the industry is just shy of its peak level, reached in the second quarter of 2008.

Redemptions since Dec. 2 total $15.76 billion.

The company said it has already taken appropriate provision for the fine, so payment won't affect current income.

The New York attorney general's lawsuit claims that the accounting firm explicity approved the transactions, which were designed to temporarily reduce the leverage on Lehman's balance sheet.

The fourth-largest U.S. bank taps execs from Deutsche Bank, J.P. Morgan Chase, Oppenheimer

Start-ups are benefitting from stronger industry inflows and increasing investor tolerance for risk.

Nearly $500 million added in week ended Dec. 1, partially reversing the $1.85 billion that walked out the door the previous week.

Citigroup, which seeded Claren Road, and a Goldman Sachs fund, which has a minority stake, are using the deal to exit their investments.

Private Advisors LLC, was founded by Louis Moelchert, Jr., the former manager of University of Richmond's endowment. It has about $3.9 billion under management.

As it did in the U.S., the firm plans to build a broad distribution platform that it can use to attract investment banking clients.

New money flowing into foreign equity funds offsets withdrawals from those that invest in U.S. stocks.

Bond funds attract $5.31 billion of new money in the week.

The vice chairman's departure follows a management shuffle that put another executive in the top post at the firm's investment bank.

James Kern joins the firm from JPMorgan, where he was a senior member of the financial institutions group.

Investors pull a net $11.6 billion from stock funds during the month, but assets still rose 9.3% thanks to market appreciation.

Equity fund pull in more than twice as much as the previous week.

The group is "part of a strategic build out" at the asset management firm.

Industry pulls in new money for the third consecutive quarter