07 Jul 2004 03:30 AM

Man Group, the British hedge fund manager and a FTSE 100 stock, ahead of a shareholders meeting Wednesday confirmed an institutional investor has pulled $1.8 billion from Man’s flagship RMF fund at the end

06 Jul 2004 07:54 AM

Assets held in hedge funds increased to $795 billion in 2003, up 34 percent on the year, according to Hennessee Hedge Fund Advisory Group’s seventh annual survey of hedge fund investors. Since the beginning of 2000, the

06 Jul 2004 02:47 AM

William Donaldson, chairman of the Securities and Exchange Commission, has said the way in which hedge funds value their portfolios will be a key issue for the US regulator to look into.

05 Jul 2004 09:57 AM

Money manager Alliance Capital Management Holding LP (AC) , in a broad drive to reform its practices like many others the mutual fund industry, plans to increase its disclosure of certain payments to brokers, The New York

05 Jul 2004 08:44 AM

HSBC Private Bank, which oversees $11 billion in hedge fund assets for its offshore high-net-worth clients, is preparing to bring its hedge fund and fund of funds advisory services to the domestic market. The move is part of

05 Jul 2004 08:05 AM

The introduction of rules on the sale and marketing of hedge funds in Europe--including to retail investors--could depend on July’s internal elections to the European Parliament’s Committee on Economic and Monetary Affairs

05 Jul 2004 03:20 AM

Shanghai Automotive Industry Corp (SAIC) of China and a US pension fund emerged as the shortlisted bidders most likely to acquire Ssangyong Motor, the South Korean carmaker’s main creditor bank said on Monday.

02 Jul 2004 10:37 AM

A consortium of Kookmin Bank, South Korea’s largest lender, and JP Morgan has dropped out of bidding for the country’s two state-run asset managers, as competition heats up for the sale.

02 Jul 2004 05:49 AM

U.K. insurer Friends Provident on Friday said it will pay 378 million pounds ($684 million) in cash and shares to merge 76 percent owned Isis Asset Management with Eureko’s Foreign & Colonial. The deal, creating the U.

02 Jul 2004 04:29 AM

Barclays (BCS) will debut nine new ETFs from its IShares unit based on Morningstar indices. The largest single day debut of ETFs ever on the Big Board, the new exchange-traded funds will more than double the ETFs listed on the NYSE to 16 from 7, said NYSE spokesman Eric Ryan. Barclays Global CEO Lee Kranefuss will ring the opening bell of the exchange

02 Jul 2004 02:48 AM

The SEC named former Fidelity Investments executive Charles Fishkin to head its new office of risk assessment. SEC Chairman William Donaldson has launched the office to improve the agency’s ability to detect possible

30 Jun 2004 07:13 AM

They have stashed as much as a quarter to a third of the assets entrusted to them in money-market reserves, insisting that they won’t be stampeded into buying stocks or bonds at unattractive prices.

30 Jun 2004 04:27 AM

Bank One (ONE) is expected to announce a settlement with the Securities and Exchange Commission of a mutual fund

30 Jun 2004 02:22 AM

Capital Research Management, which runs the $450 billion American Funds mutual funds group, is being investigated by the SEC over how it rewarded brokerages that sold its funds, the New York Times reported Monday. The report

25 Jun 2004 10:31 AM

U.S. municipal bond funds reported $564 million of net cash outflows in the latest week, continuing the trend of outflows