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Hedge funds in Europe have just proposed that they self-police, in an attempt to ward off regulation. They are offering to volunteer information about their holdings, risk management, governance and valuation techniques.

As a result of expanding business, T. Rowe Price will build two new offices totaling 40,000 square feet at its existing campus in Owings Millis, Md., to accommodate 1,400 additional workers. They will be built on a 38-acre site T. Rowe acquired.

David Corkins, manager of five Janus funds, including the flagship Janus Fund, and a 12-year veteran of the firm, will be leaving by the end of the month to pursue other opportunities, the company announced Friday. Jonathan Coleman, manager of the Janus Enterprise Fund an a co-chief investment officer at the firm, will take over the funds for Corkins.

Massachusetts’ securities regulator has joined other regulators in investigating whether executives at Bear Stearns traded at fair prices in the two hedge funds that recently failed without informing other investors, Reuters reports.

When Charles Schwab and Ariel Mutual Funds conducted their first annual Black Investor Survey at the premier Ariel-Schwab Black Investor Summit a decade ago, 57% of Blacks said they owned stocks or mutual funds. Today, that number remains the same. However, in 2002, it peaked at 74%, while in the past 10 years, the number of Whites who own stocks or mutual funds has hovered around 80%.

Like death and taxes for the rest of us, Securities and Exchange Commission oversight will always be a concern for the mutual fund industry.

Swedish Export Credit Corp., a Stockholm, Sweden-based state-owned firm, is gearing up to participate in an offering of as much as $1 billion in four new exchange-traded notes (ETNs) that will track to four lesser-known commodity indexes.

While most 401(k) investors hardly give a thought to employer matches-and even employers usually don't promote them heavily to employees-an innovative investment solution from Barclays Global Investors of San Francisco specifically designed for company matches might finally generate some interest in this neglected company perk.

Hedge funds in Europe have just proposed that they self-police, in an attempt to ward off regulation. They are offering to volunteer information about their holdings, risk management, governance and valuation techniques.

Fidelity Advertising Chief Huang to Step Down

Backlog of Cases Puts SEC's Future in Question

As the 77 million Baby Boomers begin to retire, the market for helping them manage their retirement income will begin to boom as well. Millions of retirees will be looking for financial advice and will likely turn to their local banks first, retirement experts say.

Mutual fund managers have been increasingly gravitating toward alternative investments as a way to boost returns and compete with hedge funds. By some estimates, alternative investment funds could soon account for as much as 10% of assets in mutual funds.

Sustainable Asset Management has submitted filings with the Securities and Exchange Commission to offer two funds, the SAM Sustainable Water Fund and the SAM Sustainable Climate Fund, and plans to introduce other sustainable funds in the near future.

For all of the talk about tremendous salaries for hedge fund managers and executives, they earn an average of $250,000 a year, and only 3% earn more than $1 million a year or more. Managers earn an average of $364,566 a year, and analysts earn $205,381.

There’s been talk of actively managed exchange-traded funds for nearly 10 years now, and six companies have either submitted filings or requests for regulatory relief with the Securities and Exchange Commission to offer such funds, Pensions & Investments reports.

California is looking to require hedge funds and private equity firms to register as investment advisors, HedgeWorld.com reports. The California Department of Corporations would achieve this by canceling a rule that has exempted those types of organizations from having to register.

Speaking at the Investment Company Institute’s meeting in Washington on technology and operations, Andrew Donahue, director of the division of investment management at the Securities and Exchange Commission, warned fund companies to be careful about outsourcing back-office functions, particularly if they are trading complex securities, such as derivatives.

Helane L. Morrison, regional director of the Securities and Exchange Commission’s San Francisco office since 1999, will be leaving at the end of the month to become chief compliance officer, general counsel and a principal at Hall Capital Partners.

Nuveen Investments introduced a line of target-date funds specifically for defined contribution plans on Wednesday. Wilshire Associates will handle the funds’ asset allocations on a dynamic basis, paying specific attention to market risk, longevity risk and inflation risk.