Fund performance

NEW YORK - The financial sector took a beating in the first quarter, but financial "bottom feeders" will speed its recovery, possibly ahead of the rest of the market, experts said here at a gathering of researchers and data providers.

Odyssey Investment Partners LLC has announced several promotions within its investment team.

John Paulson, founder of the hedge fund Paulson & Company, made an unprecedented $3.7 billion last year by betting against subprime mortgages and the financial products that held them.

Standard & Poor’s said the potential bill to U.S. taxpayers for bailing out Wall Street firms could grow to $400 billion, reports The Washington Times.

In times of market volatility, many people call their fund manager, their broker or their banker to find out what's going on and how they should adjust their portfolios. But fund executives say that the subprime crisis, so far, has not led to knee-jerk decisions.

Hedge Fund Managers Have Rough Month

NEW YORK - Equity mutual funds were hit with "drastic declines" across-the-board in just about every sector and style in the first quarter of 2008.

Consumer confidence in the economy, including stocks, bonds, mortgages, credit cards and structured products, is dropping, but experts say consumers need to stay invested in a fully diversified portfolio of mutual funds for their own good and for the good of the economy.

NEW YORK - The Transamerica Small/Mid Cap Value Fund was recognized as the best small-cap core fund at the annual Lipper Fund Awards dinner here last Wednesday.

NEW YORK – The financial sector took a beating in the first quarter, but financial “bottom feeders” will speed its recovery, possibly ahead of the rest of the market, experts said here at a gathering of researchers and data providers on Thursday night.

Chinese regulators are becoming increasingly skeptical of financial advice from the U.S. to sacrifice the country’s stability for the greater good of stabilizing the global economy, Reuters reports.

Net inflows into Japanese mutual funds dropped by about 26% in 2007, according to the Nikkei Report.

The Transamerica Small/Mid Cap Value Fund was recognized as the best small-cap core fund at the annual Lipper Fund Awards dinner Wednesday in New York City.

Hedge fund managers had a tough month in March, lagging behind equity and bond benchmarks but outperforming equity markets, according to firms who monitor their performance.

The global credit crisis remains a significant threat to economic growth, despite recent improvement, according to the International Monetary Fund.

While those at Bear Stearns who've lost their positions are flooding Wall Street with resumes daily, federal data for the finance jobs in NYC for the 12 months through February paint a picture of an industry faring not too badly.

Assets of total money market mutual funds fell by $7.19 billion to $3.498 trillion for the week ending April 2, according to the Investment Company Institute.

Assets of total money market mutual funds fell by $7.19 billion to $3.498 trillion for the week ending April 2, according to the Investment Company Institute.

While the Dow Jones Industrial Average soared 391.47 points on Tuesday and many investment banks' stocks rocketed in the mid-double digits on the good news of infusion of capital from shareholders, Lipper preliminary data on mutual fund results for the first quarter of the year was disappointing, The Wall Street Journal reports this morning.

Reaction to the Subprime Crisis in the first quarter of 2008.