22 Jul 2004 10:21 AM

Fidelity Investments, the biggest U.S. mutual fund company, said second-quarter results for Fidelity Brokerage Company show that net new client assets jumped more than eight-fold, total client assets rose 28 percent and

22 Jul 2004 09:28 AM

Janus Capital Group said adjusted second-quarter net income fell to $40.5 million, or 17 cents a share, from adjusted net income of $50.5 million, or 22 cents, in the year-earlier quarter, according to CBSMarketWatch.

22 Jul 2004 06:57 AM

Fidelity National (FNF) reported second-quarter earnings of $222.1 million, or $1.26 a share, down from $1.62 a share

21 Jul 2004 04:32 AM

Hedge funds, faced with weak returns or losses on some of their strategies, have been flocking to a new one called capital structure arbitrage, which exploits mispricings between a company’s equity and debt.

20 Jul 2004 11:14 AM

JPMorgan said it has agreed to acquire Tranaut Fund Adminstration, a privately-owned hedge fund administation services firm, according to CBSMarketWatch. JPMorgan, a global financial services firm with

19 Jul 2004 07:41 AM

Switzerland’s third-largest money manager, Swissca Portfolio Management AG, says that by 2009 Swiss pension funds will have between 5% and 6% of their assets in hedge funds, according to Bloomberg News. In comparison

19 Jul 2004 06:50 AM

The retirement age should be increased to 70 in exchange for a bigger state pension, the CBI has said in a report.

16 Jul 2004 06:28 AM

Britain-based retail funds raised exposure to British, north American and emerging market stocks at the expense of European and Japanese equities in June, according to monthly data from research firm Lipper on

16 Jul 2004 04:11 AM

The SEC Wednesday voted 3-2 in favor of a rule proposal that would require hedge fund advisers to register as investment advisers for the first time. SEC Chairman William Donaldson voted in favor of the rule along

14 Jul 2004 08:34 AM

Morgan Stanley on Monday agreed to pay $54 million to settle claims of sex discrimination that the U.S. Equal Employment Opportunity Commission brought against the investment broker on behalf of more than 300

09 Jul 2004 05:31 AM

The aggregate pension fund deficit of the United Kingdom’s largest companies fell by 13.5% over the course of 2003, according to Mercer Human Resource Consulting in London. Mercer determined

08 Jul 2004 03:12 AM

The hedge fund industry will likely bifurcate into those offering low risk, single digit returns and those integrating high risk, high return strategies

07 Jul 2004 08:24 AM

Japanese asset management firm Softbank Investment Corp (SBI) said on Wednesday that it plans to set up investment funds in Japan totalling some 20 billion yen ($182.7 million) in an alliance with Chicago-based hedge fund HFR Asset Management. SBI

07 Jul 2004 08:02 AM

U.S. regulators have expanded a probe into the $7.4 trillion mutual fund industry to include certain investment firms’ payments to 401(k) retirement plans, according to newspaper reports on Wednesday. The

07 Jul 2004 04:34 AM

Rising interest rates threaten a global economy that is already ``more vulnerable than it has been’’ in about 30 years, said Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co.