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The largest U.S. hedge funds launched last year started with "significantly" fewer assets than those launched in 2007, according to Absolute Return magazine.
February 9 -
Van Eck Associates Corp., a New York asset management company, launched the Market Vectors High-Yield Municipal Index Exchange-Traded Fund.
February 9 -
The Bank Insurance and Securities Association announced that its BISA-Singer's Bank Brokerage Index dropped 1% in the third quarter from the second quarter, to 119.
February 9 -
Toronto-Dominion Bank confirmed that it has agreed to increase its direct ownership of TD Ameritrade Holding Corp. by about five percentage points.
February 9 -
TD Ameritrade Holding Corp. has hired a former Wachovia Corp. executive to help the Omaha asset management company improve customer satisfaction and perhaps cross-selling, but analysts remain skeptical whether it can succeed.
February 6 -
Van Kampen Funds Inc., a unit of Van Kampen Investments Inc. of Chicago, has a new asset allocation fund.
February 6 -
Affluent investors' confidence rose in January, Spectrem Group said.
February 6 -
Palisade Capital Management LLC, a Fort Lee, N.J., institutional and high-net-worth registered investment adviser, has bought the small-cap, small-mid-cap, and midcap growth equity strategies from AG Asset Management of New York.
February 6 -
John Hancock Life Insurance has a new the product that offers death benefit guarantees for as long as the customer lives.
February 6 -
Three of the largest custody banks want to add scale internationally as market conditions force them to make cutbacks at home.
February 5 -
Putnam Investments said it has hired Edmund F. Murphy 3rd as a managing director and head of defined contribution products.
February 5 -
National Investment Managers Inc., a Dublin, Ohio, retirement plan administration and investment management company, announced that it has promoted Christopher Larkin to chief financial officer.
February 5 -
Curian Capital LLC of Denver, a registered investment advisory firm that provides a fee-based separately managed account platform to financial professionals, has expanded its custom-style portfolios by adding an alternatives asset class.
February 4 -
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Wayne Hummer Asset Management Co. of Lake Forest, Ill., hired Melissa R. Brown as a managing director, chief investment strategist, and head of its newly formed institutional clients division and Steven M. Bohn as a managing director and head of its financial services division.
February 4 -
Not long ago, clients of Hawthorne, the multifamily office unit of PNC Financial Services Group Inc., were demanding more hedge fund choices.
February 4 -
Three former brokers at Merrill Lynch & Co. Inc. and UBS AG, whose allegedly deceptive trades for a hedge fund contributed to $67.5 million in regulatory sanctions, agreed to be barred from the industry in New Jersey.
February 4 -
Gain Capital Holdings Inc., a global provider of online foreign exchange trading services, announced the appointment Monday of Susanne D. Lyons to its board of directors.
February 3 -
SEI Investments, an Oaks, Pa., investment firm, announced Monday that new institutional sales grew 2.9% last year, to $7.2 billion.
February 3 -
