Fund performance

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.

Market Outlook

Albany District Attorney David Soares has done an about-face and has told New York Senate Majority Leader Joseph Bruno that ex-governor Eliot Spitzer’s alleged involvement in an investigation into Bruno’s whereabouts was absolutely, positively Spitzer’s orders, according to reports over the weekend.

BOSTON—With auction rate securities in question, Evergreen Investments’ equity managers are now earnestly looking for alternate sources of liquidity, the firm announced in a conference call late yesterday.

The price of crude oil and gold fell nearly 10% in less than 36 hours on Wednesday and Thursday, backfiring on investors who were using commodities as a hedge against inflation.

The majority of economists surveyed by The Wall Street Journal say the U.S. has finally slid into a recession.

Chinese mutual funds posted moderate gains in February after declining more than seven percent in January, according to a recent report.

Global alternative asset manager Blackstone Group reported a 90% drop in profit during the fourth quarter of 2007 compared to the same period in 2006 and warned that conditions will remain difficult for the rest of the year or longer.

TrimTabs Investment Research said the U.S. economy lost 78,000 jobs in February, based on daily income tax deposits to the Treasury from salaried taxpayers. This number is higher than estimates from the Bureau of Labor Statistics, which reported 63,000 job losses in the same period.

Berkshire Hathaway’s Warren Buffett has trumped Bill Gates as the world’s richest person, according to Forbes magazine.

The retail brokerage unit of Bank of America announced it will be cutting the salaries of low-producing brokers and raising those of top performers in an effort to chase wealthier clientele, according to the Dow Jones News Service.