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The Asian Development Bank has launched a new environmentally based mutual fund.The Future Carbon Fund is tied to environmental initiatives from the Kyoto Protocol, which is set to expire at the end of 2012.
July 11 -
A source for the China Securities Regulatory Commission (CSRC) recently stated that the CSRC only suggested that senior mutual fund officials remain in China until the Olympics in early August to keep a stable market, they are in no which way barring them from leaving the country.
July 9 -
In a report released yesterday on what went wrong at the ratings agencies responsible for grading instruments tied to subprime debt, the Securities and Exchange Commission found a breakdown in communications.
July 8 -
Three high-profile staff members at the Investment Company Institute have already left or are planning on leaving the mutual fund lobbying group in the near future, Defined Contributions & Savings Plan Alert reports.
July 7 -
If it isnt enough that federal regulators are looking into whether the managers of two failed Bear Stearns hedge funds, Ralph Cioffi and Matthew Tannin, misled investors into staying with the risky investments as they were tanking, they are now probing whether they inflated the funds returns and outlook to obtain loans from banks or prime custodians, BusinessWeek reports.
July 7 -
The Alternative Investment Management Association of the U.K. is about to launch a third set of codes for hedge funds-of-funds, on the heels of two other sets of best practices issued in the last 18 months.
July 7 -
On Wednesday morning, hedge fund fugitive Samuel Israel III surrendered himself to law enforcement officials in Southwick, Mass. Israel has been on the run since June 9, when he was set to report to prison in Ayres, Mass. His car was found that day on a Westchester County, N.Y., bridge with the words suicide is painless written on the hood.
July 2 -
After completing his service as chief information office on June 30, Corey Booth parted ways with the Securities and Exchange Commission in order to pursue a new career with Boston Consulting Group in New York.
July 2 -
This week, the Hong Kong Securities and Futures Commission decided that effective Aug. 1, mutual fund advertisements will no longer need to be pre-approved.
July 2 -
NEW YORK - The freewheeling days for hedge funds may be numbered.
June 30