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Rather than honor the $1.4 billion in redemptions, or 14% of the $10 billion flagship hedge fund at Paul Tudor Jones asset management firm on Dec. 31, the company will delay making those payments until March 31, 2009, in hopes that the market will improve and assets can be sold for higher values, Dow Jones reports. Normally, the fund honors redemptions once each quarter.
December 1 -
Target-date funds may certainly be increasing in popularity, but the tools to help financial advisers sort through the available choices are sorely lacking. That was the finding of a recent poll of 168 advisers to defined contribution plans, conducted by Harris Interactive for JPMorgan Funds.
December 1 -
The Rydex Investments AdvisorBenchmarking Advisor Confidence Index, which gauges advisers outlook on the economy and the stock market, rose 4% in November to 82.46, up from 79.07 in October.
December 1 -
Be it large-, medium- or small-cap, value or growth, there are buying opportunities galore in the stock market, according to veteran Lord Abbett value manager Robert Fetch. I am seeing valuations I havent seen in decades, across the capitalization spectrum, Fetch told Barrons.
December 1 -
CIBC announced Friday that it has finally settled 2004 charges that former trader Paul Flynn permitted hedge funds to market time mutual funds.
December 1 -
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Don't believe the retirement income hype.
December 1 -
The signs are clear, but few firms are making decisions that will benefit them in the long term. The financial crisis is prompting firms to feel forced to react and make changes to their short-term and long-term strategies.
December 1 -
The $600 million in new assets that Horizon Cash Management captured in the third quarter could be a sign of things to come for the Chicago company and other cash managers.
December 1