Portfolio

NEW YORK – The financial sector took a beating in the first quarter, but financial “bottom feeders” will speed its recovery, possibly ahead of the rest of the market, experts said here at a gathering of researchers and data providers on Thursday night.

A U.K.-based hedge fund that was sued by the Securities and Exchange Commission on Thursday said the lawsuit is “utterly misguided,” and vowed to fight the charges.

Chinese regulators are becoming increasingly skeptical of financial advice from the U.S. to sacrifice the country’s stability for the greater good of stabilizing the global economy, Reuters reports.

Barclays has launched the Premier Fixed Income Fund in Singapore, aiming to provide retail investors with the potential for returns of 7% per annum.

Net inflows into Japanese mutual funds dropped by about 26% in 2007, according to the Nikkei Report.

The Transamerica Small/Mid Cap Value Fund was recognized as the best small-cap core fund at the annual Lipper Fund Awards dinner Wednesday in New York City.

Hedge fund managers had a tough month in March, lagging behind equity and bond benchmarks but outperforming equity markets, according to firms who monitor their performance.

The global credit crisis remains a significant threat to economic growth, despite recent improvement, according to the International Monetary Fund.

While those at Bear Stearns who've lost their positions are flooding Wall Street with resumes daily, federal data for the finance jobs in NYC for the 12 months through February paint a picture of an industry faring not too badly.

RiverSource Investments of Minneapolis, a wholly-owned subsidiary of Ameriprise Financial, is shining a brighter light on its international subadvisory affiliate, Threadneedle International Limited, headquartered in London.