New Hire Roundup: Ken Fisher Isn’t Retiring, He’s Dropping a Title
Reports of Fisher’s imminent retirement were exaggerated. Meanwhile, asset management firm TCW Group announced that Heather Conforto Beatty joined as SVP.
SEC Enforcement: Balmy Belize No Refuge for Stock Scammers
In another action, a Massachusetts-based biotech company and its former CEO have been charged with defrauding investors
Emerging Market Shakeout Putting Forex Reserves Into Focus
Foreign-exchange reserves are emerging as the latest battleground between traders and developing nations trying to stem the worst rout in their currencies since 2008.
FINRA Wallops Brown Bros. Harriman With Its Biggest-Ever AML Fine
FINRA fined Brown Brothers Harriman & Co. $8 million for failing to monitor trades of 6 billion penny stock shares.
Top Portfolio Products: DoubleLine Launches First Equities Mutual Fund
Other new products introduced over the last week include two new funds from Aberdeen Asset Management and a new fund from Brown Brothers Harriman.
Top Portfolio Products: Vanguard Introduces New Fund, ETF
New products introduced over the last week include a new short-term TIPS index fund and ETF from Vanguard and a suite of new and existing ETFs from iShares.
IMF, Japan Deny Italy Talks on Aid
With yields on Italian bonds skyrocketing, a report in the Monday daily La Stampa that the International Monetary Fund would provide a loan package to Italy of up to 600 billion euros ($798 billion) at an interest rate of between 4-5% was denied by the IMF.
Hedge Funds Moderate Loss
NEW YORK (HedgeWorld.com)--May's losing streak did not end with that month but appears to have become less damaging, judging from hedge fund index data available so far. The Hedge Fund Research Fund Weighted Composite Index was almost flat in June, with a decline of 0.2%. By comparison, the MSCI world...