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Regulation continues to weigh on fund executives' minds as their number-one concern, according to a PricewaterhouseCoopers survey of 400 senior finance executives at a forum last month.
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When hedge funds, long known for their exclusivity and secret-sauce approach to investing, go public, it takes a lot of planning and some cultural adjustment, too, according to a web-based presentation hosted by Deloitte & Touche last week.
June 4 - Money Management Executive
While the mutual fund industry has wrangled over, and largely resisted, the logistics and the estimated $617 million cost of complying with Rule 22c-2 for the past three years, funds should actually view the perceived regulatory onus in a new light: As a tremendous marketing opportunity.
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- Money Management Executive
The investment management industry is always looking to make business more efficient, cut costs and comply with regulations. More firms are recognizing the key to helping with those issues might be outsourcing.
June 4 - Money Management Executive
Three India-focused hedge funds have won awards for best-in-class at a prestigious fund awards ceremony in Singapore hosted by Eurekahedge, Asia Pulse reports.
June 1 - Money Management Executive
At Wal-Mart’s annual meeting today, Whitney Tilson and Glenn Tongue, co-managers of the Tilson Focus Fund, plan to give management of one of their top holdings a piece of their mind, MarketWatch reports. And that’s to take a couple of pages out of the playbook of another one of their major holdings: McDonald’s.
June 1 - Money Management Executive
Securities and Exchange Commission Chairman Christopher Cox says there is only so much that regulators can do to properly regulate the research still permitted to be bundled in soft dollars. Thus, he called on Congress on Thursday for an outright ban on the practice altogether, The Wall Street Journal reports.Congress began allowing soft dollars to be bundled in with brokerage commissions in 1975, with the goal of providing the buy side with research and tools to benefit investors. Last year, the SEC modified that to apply only to research, but some firms went further as to ask their brokers to unbundled the fees for research.
June 1 - Money Management Executive
By acquiring A.G. Edwards, Wachovia Corp. will gain $1.1 trillion in client assets and almost 15,000 financial advisers. Wachovia shelled out $6.8 billion to buy the national brokerage.The deal is expected to close in the fourth quarter of this year and the integration should be complete by first quarter of 2009.
June 1