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Assets of the top 10 hedge fund companies in the U.S. grew by more than a third in 2007, despite a combined loss of $24 billion, due to redemptions and faltering performance, the Financial Times writes.
March 5 -
The retail brokerage unit of Bank of America announced it will be cutting the salaries of low-producing brokers and raising those of top performers in an effort to chase wealthier clientele, according to the Dow Jones News Service.
March 5 -
Federal Reserve Chairman Ben Bernanke said Tuesday that more needs to be done to help troubled homeowners, and suggested a broader effort to writedown the principal on some troubled loans, according to Dow Jones.
March 4 -
Europes richest families are shifting their investments from traditional assets to hedge funds and commodities, according to a new report profiled by Reuters.
March 4 -
As the stock and bond markets continue to take a beating, institutions, individuals and hedge funds have begun pumping dollars into commodity mutual funds and other investment vehicles based on commodities.
March 3 -
Wealthy wine and art lovers are buying up cases of Bordeaux and Picassos with the hope of offsetting the general market downturn, Reuters reports.
March 3 -
Financial companies should take precautions to protect themselves from fraud from within and without, but companies should be careful not to cross the line and start spying on employees.
March 3 -
Mortgage giant Fannie Mae has posted a $3.55 billion loss for the last quarter of 2007, blaming rising home loan defaults. It set aside $2 billion to cover other bad loans and warned the U.S. housing slump could get worse.
March 3 -
Brennan Names His Replacement at Vanguard, As McNabb Takes Helm
March 3 -