IRS Issues Automatic Rollover Guidance
By Allison BellOfficials have released a new batch of guidance for retirement plan administrators who want to close out small accounts owned by departing plan members.[@@]The ...
January 04, 2005
Securities Litigation Expert Joins LeBoeufWASHINGTON (HedgeWorld.com)--LeBoeuf, Lamb, Greene & MacRae LLP hired Ralph C. Ferrara as a partner in the litigation practice of the New York-based firm's Washington office. Mr. Ferrara's hiring, effective Jan. 1, will allow LeBoeuf, Lamb, Greene & MacRae to further expand its litigation practice, firm Chairman Steven H. Davis said...
January 04, 2005
Former Treasury Department Economist Joins InsurerNU Online News Service, Jan. 4, 2005, 4:45 p.m. ESTPrudential Financial Inc., Newark, N.J., has hired Christine Marcks to be a senior vice president ...
January 04, 2005
ITG Fully Acquires POSITNEW YORK (HedgeWorld.com)--Investment Technology Group announced plans to boost its ownership interest in POSIT, an equity matching system. The POSIT deals adds to ITG's direct electronic access trading business, which includes hedge funds. Earlier this month, ITG said it was considering a deal with E-Crossnet, which would help boost its...
January 04, 2005
President To Unveil Tort Reform ProposalsMedical malpractice system supporters held a conference call today to try to get a jump on fighting off a major attack by the Bush ...
January 04, 2005
Report: Firms May Buy $15 Billion In Life BenefitsExpanded efforts to reach out to financial advisors could help fuel continued growth in the life settlement market.[@@]One survey shows that only 20% of ...
January 04, 2005
Merrill Lynch Launches Registered FundNEW YORK (HedgeWorld.com)--Merrill Lynch & Co. has filed plans to offer its first hedge fund product to be registered with the Securities and Exchange Commission. Managed through ML's Investment Managers unit, the new Multi-Strategy Hedge Opportunities LLC offering is a fund of hedge funds with a minimum initial investment of...
January 04, 2005
Roye to Address MFA Seminar on Sound PracticesWASHINGTON (HedgeWorld.com)--The director of the division of investment management for the Securities and Exchange Commission, Paul F. Roye, will address a Managed Funds Association seminar in New York on Jan. 12. This is the first in a series of sound-practices seminars the MFA has planned in order to educate its...