Portfolio

A £1 billion ($2 billion) hedge fund run out of London by Lewis Chester, Pentagon Capital Management, is under investigation by the Securities and Exchange Commission, The New York Times reports this morning.

NEW YORK—FTSE is ramping up its partnership with the Conflict Securities Advisory Group, which has been focusing on Iran, North Korea, Sudan and Syria since 2001, through the new FTSE CSAG Terror-Free Index Series, launched here Wednesday at a press conference at the Women’s National Republican Club.

J.P. Morgan said emerging market external debt increased inflows marginally from $4 billion in February to $5.5 billion.

John Hancock Retirement Plan Services is expanding its team that services third party administrators and shifting personnel to strengthen this move.

BOSTON—With auction rate securities in question, Evergreen Investments’ equity managers are now earnestly looking for alternate sources of liquidity, the firm announced in a conference call late yesterday.

Russell Investments has launched six new “strategy” funds in its LifePoints Funds, Target Date Series, including an “in retirement” portfolio

CalPERS' Returns Dip

Citadel Hires Morgan's Foreign Exchange Chief

After a year of record growth, Hartford Financial Services wants to expand its 529 college savings business over the next two years by increasing sales and, perhaps, in what would be a shift in strategy, by becoming a plan sponsor in another state.

While the storied Bear Stearns went up for a fire sale of $236 million to JPMorgan last week, less than one-tenth of its trading price, Bear hit another brick wall.