Mutual funds

The recent mortgage market crisis has opened a Pandora's box of white-collar cases probed by the U.S. attorney’s Eastern District office.

Goldman Sachs and Deloitte & Touche LLP announced they had finalized plans to unload a portion of a $7 billion structured investment vehicle, which was set up by U.K. hedge fund manager Cheyne Capital Management LLP, according to a recent report by Bloomberg.

When an employee leaves a firm, can they take their client list with them to their new job?

When the value of the dollar decreases, Americans are apt to invest in tangible assets such as real estate. As depreciation continues, it comes as no surprise that real estate mutual funds (REMFs) have grown 6% so far this year. What is surprising, however, is seeing financial success in one of the worst real estate markets in years.

Money market mutual fund assets fell $38.91 billion for the week ending June 18, according to the Investment Company Institute.

The Bank of New York Mellon Corporation is currently celebrating the 10 year anniversary of its ADR Index. This index has become a global benchmark for investments as mutual funds, exchange-traded funds and other structured products are scaled based on its valuation.

According to recent analysis by Watson Wyatt Worldwide, a leading global consulting firm, defined benefit pension plans tend to have higher rates of return than 401(k) plans.

The Supreme Court’s recent decision in LaRue v DeWolff to permit workers in 401(k) plans to sue administrators for high fees will inevitably lead to lower fees—and the end of the retail mutual fund industry’s dominance of the market. That’s the strong opinion of widely quoted, and frequent financial TV guest Ric Edelman.

The Securities and Exchange Commission announced Thursday that it would be releasing $103 million to investors who have lost money involving Banc of America Capital Management LLC (BACAP) and affiliates’ illegal and unethical activities.

On Thursday, PricewaterhouseCoopers and industry body CII released a report that concluded the mutual fund industry in India is facing a new threat, high operations costs.

A shocking lack of financial knowledge by our nation’s teenagers has caused a junior achievement organization and an association of retired teachers to band together to help bridge this gap.

As the tax debate begins between Senator Barack Obama and Senator John McCain, many investors and tax advisors say capital gains taxes will increase no matter what the outcome is this coming November, The Wall Street Journal reports. Senator Obama seeks to increase the current capital gains rate 5% or more for families making over $250,000.

Morgan Stanley, releasing its 2nd quarter earnings Wednesday, reported a 60% drop in profit from $2.57 billon, or $2.45 a share, in the second quarter of 2007, to $1.01 billion, or 95 cents a share. Net revenue also fell a substantial 38% from $10.52 billion to $6.51 billion.

Claymore Securities Inc., an exchange-traded fund provider, has launched the Claymore/BNY Mellon Frontier Markets Exchange Traded Fund.

Speaker of the House Nancy Pelosi earned a government salary of $212,100 last year, which made her the highest paid official in Congress by $47,000, according to the Associated Press.Not too shabby for civic duty.However, when one also considers the combined incomes of spouses, other investments, and overall assets, things suddenly become financially astronomical.

In pursuit of new investments, developed countries are turning their focus towards the booming economies of frontier nations, The Wall Street Journal reports. Fast-developing countries throughout Africa, Central and Eastern Europe and the Middle East are averaging annual growth rates five times that of developed nations.

Approximately 78 million working Americans are currently working jobs that do not provide them with a retirement plan; however, Barack Obama is looking to change this predicament, according to a report by CNNMoney.com.

As JPMorgan Chase begins to remove the Bear Stearns name from its buildings, the firm is taking the opportunity to enhance its own brand identity, The New York Times writes.

Julius Baer Americas, a subsidiary of the Swiss wealth manager Julius Baer Holding Ltd., has changed its name to Artio Global Investors Inc.

NEW YORK-Timothy Geithner, president and CEO of the Federal Reserve Bank of New York, called for substantial reforms to the structure of the regulatory system of the U.S.