02 Dec 2004 08:47 AM

Jim Rogers, co-founder of the Quantum hedge fund along with George Soros, admitted his lack of enthusiasm about the future of the hedge fund industry as stocks and bonds show poor performance and quality managers are rare. ``I'm not

01 Dec 2004 03:44 AM

Vanguard Group, the second-biggest U.S. mutual fund company, said yesterday it plans to open new equity fund, Primecap Core Fund. The fund will be open in mid of December and will be managed by Primecap Management

29 Nov 2004 09:53 AM

The Investment Company Institute is planning to prioritize the legislative treatment of mutual fund capital gains following George W. Bush’s re-election.

24 Nov 2004 09:08 AM

Securities and Exchange Commission together with the National Association of Securities Dealers is investigating gifts received by employees of mutual fund advisers from brokerage firms. Regulators suspect a possible conflict of interest as brokerages might be heaping private jet rides, expensive wine and antiques on mutual fund executives “to curry their favor," said a SEC representative. According to NASD regulations, gift-giving is illegal in certain cases. SEC requires mutual funds to disclose payments

23 Nov 2004 10:42 AM

BNP Paribas will transfer control over its hedge fund of funds operation to London-based Fauchier Partners. The business that started as a joint venture in partnership with Patrick Fauchier and Christopher Fawcett will now have a simplified structure and unified control. The unit has $3.5 billion in assets under management and

19 Nov 2004 11:30 AM

On Thursday, U.S. banks defended themselves against accusations that came from a senior regulator in hedge funds case.

18 Nov 2004 09:27 AM

PBHG funds’ founders Gary Pilgrim and Harold Baxter will pay $80 million each to settle charges for improper trading.

17 Nov 2004 07:54 AM

In the nine months of the year, hedge funds received $46.6 billion with $26.4 billion positioned in so-called funds of funds.

15 Nov 2004 08:55 AM

Investment experts never got tired of reiterating the need to diversify one’s holdings. Market forecasts are numerous, but they are notably unreliable, especially at the time of increased volatility we are experiencing today. This is the reason folks who are heavily invested in, say, real estate sector, can be bitterly disappointed in a short

12 Nov 2004 11:42 AM

Japan’s “love hotel” investment fund has bought its first property in the lucrative pay-by-the-hour inn sector. The fund was created by MHS Capital Partners, which said it had spent about $2m on a 20-room hotel catering to couples seeking privacy. Japan

12 Nov 2004 08:36 AM

The world’s securities giant Morgan Stanley is expected to buy KEB Commerz Investment Trust Management Co. as a part of its plan to expand its funds business in South Korea.

01 Nov 2004 09:43 AM

Bond market sees more investments from global funds this month, research data show.

25 Oct 2004 10:29 AM

The equity mutual funds started gaining profits as the prior week with its losses passed.

20 Oct 2004 09:18 AM

Charles Schwab & Co. said it has cut its fees and minimums in its index fund. The company said it has slashed the minimums for Institutional and Select Fund shares, which is sure to make it more available for the Investor share class clients. Its Institutional

20 Oct 2004 08:32 AM

Carlyle and Kohlberg Kravis Roberts unveiled information about the past 18 months’ pay-outs to their investors, accounting for the total of over $15 billion, which are the highest pay-outs ever. The two companies announced the total of pay-outs within the past 18 months accounting for $15.6 billion. . "It’s