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The demands on investment management companies to deliver timely information have never been more stringent than they are today. Regulators from various countries are imposing greater controls and more frequent compliance checks. Asset managers demand more flexible reporting to better meet the needs of their customers.
June 23 -
The family of deceased Circle T Partners hedge fund manager and frequent CNBC guest Seth Tobias is said to be near a settlement regarding his $25 million estate. Since 44-year-old Tobias's mysterious death last September, his family and his wife, Filomena Tobias, have been disputing the circumstances of his death and the outcome of his estate.
June 23 -
Approximately 78 million working Americans are currently working jobs that do not provide them with a retirement plan; however, Barack Obama is looking to change this predicament, according to a report by CNNMoney.com.
June 23 -
As JPMorgan Chase begins to remove the Bear Stearns name from its buildings, the firm is taking the opportunity to enhance its own brand identity.
June 23 -
Eaton Vance has received a no-action letter from the Securities and Exchange Commission that will permit it to provide a new auction-rate security known as Liquidity Protected Preferred Shares.
June 23 -
The Securities and Exchange Commission just released its full summer agenda, and according to SEC Chairman Christopher Cox, it will be extremely busy in the coming months.
June 23 -
Ralph Cioffi and Matthew Tannin, former Bear Stearns headge fund managers, are the first two criminal indictment casualties of the subprime crisis, with the FBI having arrested them at their homes on Thursday.
June 23 -
With the two presidential candidates casting lobbyists, and much of the industry, in a negative light, they are taking a cautious approach to the convention revelry and keeping a lower profile.
June 23 -
The Supreme Court's recent decision in LaRue v DeWolff to permit workers in 401(k) plans to sue administrators for high fees will inevitably lead to lower fees-and the end of the retail mutual fund industry's dominance of the market. That's the strong opinion of widely quoted, and frequent financial TV guest Ric Edelman.
June 23 -