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Hedge Fund returns spike significantly during the month of December, raising the overall performance and fees managers receive, according to BusinessWeek.

Ten strategies tracked by a hedge fund index outperformed major global indexes and had lower volatility than overall markets, according to HedgeWorld News.

For all of the talk about the importance of saving for retirement through a 401(k) and other savings plans, 37% of those born in 1990 and just now entering the workforce will have no savings by the time they leave the workforce, according to a report from the Government Accountability Office. As a group, those retiring in the 2050s will have only saved enough money to replace 22% of their pre-retirement income.

NEW YORK-Distribution executives must integrate all available data, including information from outside sources, to take advantage of new marketing opportunities, according to speakers at a National Investment Company Service Association seminar here earlier this month entitled "How to Stretch Your Distribution Dollars."

With new devices making it easier than ever for brokerages to communicate with customers via e-mail, instant messages or text messages, the Financial Industry Regulatory Authority has issued detailed guidance on the review and supervision of electronic communications that mutual fund executives might want to take notice of, as well.

In the midst of an already crowded marketplace of exchange-traded fund (ETF) providers, two new players are making a run for the end zone hoping to score with investors.

It wasn't long ago that Eliot Spitzer, reveling in the glory of a national media frenzy for having shaken down Wall Street scams with a power not even the entire Securities and Exchange Commission could muster, hinted he might one day run for president of the United States.

Horowitz to Oversee Index Growth at Russell

Schwab Successfully Unwinding SIVs: Analysts

Money Management Exec. To Be on Publishing Hiatus

Mutual funds may see a sharp drop in popularity in the coming years as investors start to explore newer products like separately managed accounts and exchange-traded funds.

Sun Life Financial is selling its 401(k) retirement administration business, Sun Life Retirement Services, to Hartford Financial Services Group for an undisclosed sum. The deal is expected to close in the first quarter.

Charles Schwab has issued eight New Year’s resolutions that investors can apply to their 401(k), with focusing on long-term goals No. 1 on the list. Even if the economy cools and money is harder to come by, Schwab says, “try to avoid reducing or ceasing regular 401(k) contributions.”

In the first six months that Zhao Zifeng took over the China International Fund Management’s $1.6 billion Sitico Morgan First Growth Fund, assets doubled, but a six-week slide that began in October have since taken 20% of profits off of the table and shaken the 37-year-old Zhao confidence somewhat, Today Singapore reports.

Although financial advisers acknowledge that the market and economy face a challenging environment, a scant 1% believe that a recession is very likely next year, and only 26% say that 10% or fewer of their clients have expressed fears of a recession, according to an OppenheimerFunds survey.

The use of generic, off-the-shelf compliance programs by asset management firms is a mistake, according to Gene Gohlke, associate director of the office of compliance inspections and examinations at the Securities and Exchange Commission.

Investors in two Morgan Keegan Asset Management bond mutual funds have filed a federal lawsuit with the U.S. District Court in the western district of Tennessee seeking class-action status and a jury trial, and many in the industry are expecting additional suits in the coming months, The Wall Street Journal reports. Already, State Street is facing a similar lawsuit of its own.

Just as the oncoming adjustment from accumulation of assets to decumulation is stumping asset management firms and advisers in the U.S., the U.K. is facing the same challenges.

The Greenwich Global Hedge Fund Index declined 1.61% in November but is up 10.53% year-to-date, outpacing equities both for the month and the year, according to Greenwich Alternative Investments.

A new breed of managed account solutions called the model portfolio, which is the next generation of separately managed accounts, is highlighting their tax benefits, The Wall Street Journal reports.