30 Mar 2005 07:53 PM

Carlyle Group is to become the first $10 Billion Man in the private-equity sector. The fund has accumulated $7.85 billion for domestic investments in corporate buyouts and has received an additional $2.2 billion for European acquisitions, according to people familiar with the matter, which sums up to

29 Mar 2005 04:54 PM

Proposed US reforms to encourage companies to fully finance their pension plans could potentially cause a ratings decline, according to Standard & Poor’s, the ratings agency. Underfunding of company pension plans has shrunk since 2003 as the stock market has improved, but the failure

29 Mar 2005 01:17 PM

A senior Fidelity Investments trader retired from the company last week after an internal inquiry revealed purchase of a stock in his mother’s personal account prior to Fidelity issuing orders to purchase the same security, according to people familiar with the situation.

25 Mar 2005 09:30 AM

Hedge funds may soon open up their book to the publics and are ready to float their shares. If the hedge fund industry that used to be the haven of the affluent investors who have at least $1 million to throw around goes public, it will make funds a part of the average investor’s menu. Common people might eventually be able to pocket

25 Mar 2005 01:53 AM

U.S. MONEY-MARKET MUTUAL FUND ASSETS ADVANCED $7.82 BLN. TO $1.91 TRLN. LAST WEEK, ACCORDING TO THE ICI (INVESTMENT COMPANY INSTITUTE)

21 Mar 2005 02:26 PM

German authorities are seeking to examine all accounts of a little-known brokerage firm in Frankfurt that may have misstated assets by as much as €800 million ($1.1 billion) in case that could possibly turn into one of the biggest-ever fraud cases in Europe involving an investment fund. Markets regulator Bafin together with prosecutors in Frankfurt and an insolvency administrator are seeking to determine

16 Mar 2005 06:45 PM

The nation’s largest public pension approved a new approach to auditor independence that targets not corporate directors but audit firms. But the board of the California Public Employees’ Retirement System, known as Calpers, voted to give governance staffers discretion to vote against directors in "egregious" cases, according to a spokesman. The new policy, which will be applied to 1,700 companies it holds in the Wilshire 2500 index, means that Calpers

09 Mar 2005 07:31 PM

Many officials at a money-management firm that were involved in overseeing Florida’s pension fund subjected Enron Corp. to criticism, as it became bankrupt in 2001. The energy trading company’s executives were even called "slime balls," said one researcher at the firm, Alliance Capital Management LP. Nevertheless the top manager

24 Feb 2005 11:09 AM

A protection fund for securities investors will be created in China, the regulators announced on February 21. It can stabilize the market in the short term but is unlikely to address key investor concerns, analysts said. Funds for the protection fund will be provided in part from interest received from subscriptions in share, convertible bond, and other securities offerings on the two Chinese stock exchanges, reported the China Securities Regulatory Commission and the Ministry of Finance.

23 Feb 2005 10:59 AM

China has officially permitted commercial banks to launch their own mutual fund ventures, a move aimed at supporting its fledging capital market and expanding lenders’ revenue sources which may pose challenges to existing fund managers.

11 Feb 2005 08:06 PM

A hedge fund team of 12 with Davide Erro at the head at Deutsche Bank AG have decided to exit the German bank and to found their own firm, Gandhara Capital, with $1 billion in Hong Kong. The fund will invest money only in Asia and Europe ignoring the US. This example clearly demonstrates how the

09 Feb 2005 06:28 PM

The Securities and Exchange Commission is investigating the missing amounts in a New York-based hedge fund. The question of what happened to the funds of Arden Capital Management, a hedge fund founded by Francis Saldutti

31 Jan 2005 06:42 PM

Asian fund managers are planning to boost their investment workforce in anticipation of the strong performance of equity markets this year. This increase will come on top of a rise in the average number of investment professionals by more than a third bringing it to 11.6 in the past two years, report Greenwich Associates, the US consultancy.

24 Jan 2005 07:23 PM

This year will be testy for bond funds as investors expect shrinking returns in anticipation of the continued Fed rate hikes. On the whole, however, in 2004 taxable bond funds returned 5% on the average against the background of steady

21 Jan 2005 07:34 PM

Hedge funds are becoming key players in the US distressed debt market, as well as the market for futures, junk bonds and credit derivatives where thye now account for roughly a third of all trading, according to a report published on Tuesday by Greenwich Associates, an investment advisory company. Hedge funds move to dominate the less efficient and liquid markets for exotic financial instruments which they target