20 Apr 2005 10:56 AM

Fund managers turn more cautious about the growth of equities after the worrying signs for the global economic growth, according to a poll conducted by Merrill Lynch.

20 Apr 2005 10:34 AM

Lehman Brothers will acquire 20% of Ospraie Management LP, a firm that operates hedge funds focused on commodities and basic industries. The deal shows narrowing ties between brokerages and hedge fund industry. The value of the deal is believed to be at $80 million or lower. The return in Ospraie’s main funds was at 20% in 2004, and the firm manages over $2 billion. Lehman clients will not be able to get into Ospraie’s existing funds, but will have privileged access to the future entities. The plans for the future months include the opening of a long-only commodity fund.

18 Apr 2005 05:51 PM

The American Funds family is facing troubles with several regulatory agencies. In February, the National Association of Securities Dealers accused the American Funds of chanelling $100 million in commissions to the brokerage firms that most aggressively sold the company’s funds from 2001 to 2003

14 Apr 2005 09:32 AM

KarstadtQuelle, the troubled German retail company, has begun to innovate its financing structure as hedge funds have entered the list of its creditors. Analysts speculate that such a change could precipitate the reform at Karstadt and signal the start of the long-needed restructuring at other German companies. “

13 Apr 2005 11:52 AM

The International Monetary Fund said Wednesday that the global economy will slow to 4.3% in 2005 and maybe will keep pace in 2006.

13 Apr 2005 06:42 AM

California’s treasurer Phil Angelides urges the state’s two largest pension funds that incurred losses totalling $400 million from the decline in American International Group’s stock price to launch lawsuits to recoup the loss

08 Apr 2005 07:39 PM

Hedge funds are plunging into the race for the funds of the retiring baby boomers, offering an addition to the usual menu of stocks, bonds and mutual funds. They are adding new features to spice up their offerings making them more attractive than in the past. Fidelity Investments last year introduced "Retirement Income Advantage" accounts that allow retirees to consolidate their accounts. Man

06 Apr 2005 04:49 PM

The Danish cleaning company ISS is not the first in the row of firms that face fierce a leveraged buy-out with the bonds that are not protected from its impact. The

06 Apr 2005 07:18 AM

Income investing has gained popularity of late: on the list of 10 best-selling mutual funds in the first quarter of this year, four fall into the income category: Capital Income Builder, Capital World Growth & Income, Income Fund of America and the Franklin Income Fund. Investors

05 Apr 2005 10:35 AM

Creditors may not take possession of Individual Retirement Accounts when people file for bankruptcy, the Supreme Court ruled yesterday. The court’s unanimous decision brings security to savings of 45 million Americans.

04 Apr 2005 10:27 AM

The first quarter performance of Europe’s stock mutual funds showed the tendency to grow in the first quarter, with the Fidelity European Growth Fund rate on the top of general top ten performance.

01 Apr 2005 09:34 AM

The biggest postal savings fund of Japan has an option to more than double the amount of government bonds in the coming fiscal year, it said. The

31 Mar 2005 07:43 PM

Pension funds and insurers in the UK are likely to have some heavy expenditures in May, when they are to see a new ultra-long gilt on the market, according to the UK Debt Management Office, which provides investors and market makers with a consultation about their choices before making a bond auction. The

31 Mar 2005 05:43 PM

Assets of U.S. money-market mutual funds fell $11.41 billion to $1.895 trillion last week, according to the Investment Company Institute (ICI).

31 Mar 2005 11:14 AM

The International Monetary Fund offers the sales of a small portion of the fund’s gold to pay for the IMF’s share of debt relief for the world’s poorest countries. The project seems to face significant obstacles as for its approval by the US governors and other G7 countries.