Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
DC Plans Focused on Responding to Recent Regulatory Action
By John SullivanSponsors of defined contribution (DC) plans are focused on responding to Department of Labor and Internal Revenue Service activities, a new Mercer survey of plan sponsors finds.
July 20, 2010
Goldman Sachs Q2 Earnings Plummet on SEC Settlement, U.K. Bank Tax, and Market VolatilityGoldman Sachs reported net earnings of $613 million for second-quarter 2010, an 82% drop from quarterly earnings a year ago, at $3.44 billion. Earnings per common share were posted at 78 cents versus $4.93, 84% lower.
July 20, 2010
Housing Starts Dropped Precipitously in June, Commerce Department SaysNew home and apartment construction statistics for June showed a precipitous drop in housing starts, which were 5.0% below the revised estimate for May and 5.8% below the June 2009 rate, the U.S. Commerce Department reported.
July 19, 2010
LaCrosse Global Fund Services to Buy BofA Merrill Lynch Administration BusinessLaCrosse Global Fund Services announced it has agreed to acquire the global alternative fund administration business of Bank of America Merrill Lynch, subject to regulatory approval.
July 19, 2010
Broadridge Introduces Data Transparency Tool for ETF ManagersMarket Intelligence, a data transparency tool that allows exchange traded fund managers to see how financial advisors are using ETF products, has been launched by Broadridge Financial Solutions Inc.
July 19, 2010
Three Studies Worth a Quick ReadDo hedge funds hedge? The experience of the Great Recession - Vanguard Research Do hedge funds help investors avoid the worst during periods of distress...
July 18, 2010
Strategic Insight Says Bond, International Equity Fund Inflows RiseAs investors show their concern about domestic stocks, reflected in lower inflows to domestic equity funds, their demand for income is displayed in sharply higher inflows to bond funds in the first half of 2010.
July 14, 2010
Steve Miller to Succeed Harvey Golub at AIGHarvey Golub says he is stepping down as chairman of American International Group Inc. so that Robert Benmosche will continue to be the company's chief executive officer.