is keeping abreast of the industry's latest developments with postings twice a day. If you didn't log on last week here are some Web exclusives you missed:

* Hammered by declining equity markets, Pioneer Investment Management USA announced last week that it will slash its workforce by 8%. The layoffs, which are the first in the company's 73-year history, will result in the loss of 63 positions in three offices throughout the northeast and Midwest. Daniel T. Geraci, the firm's CEO, said the cuts were necessary because of the "depressed level of the equity markets."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.