Hedge Fund Changes Seen within Broad Asset Management Industry Evolution
By Staff WriterNEW YORK (HedgeWorld.com)--Common distribution platforms that include hedge fund products as well as mutual funds, annuities, separate accounts and insurance are the future business model for asset management companies, according to Steven Buller, Ernst & Young's Americas director and global co-director of asset management services. Mr. Buller was speaking at...
November 12, 2004
Insurer Hires Merrill Lynch Retirement SpecialistNU Online News Service, Nov. 12, 2004, 4:33 p.m. ESTHartford Life Inc., Hartford, has hired Don MacQuattie to be assistant vice president and director ...
November 12, 2004
Regulators Ask Hartford Unit About Fund PracticesNU Online News Service, Nov. 12, 2004, 5:33 p.m. ESTThe U.S. Securities and Exchange Commission has started asking questions about use of "directed brokerage" ...
November 12, 2004
Boston Man's Alleged Trail of Deception May Reach an EndBOSTON (HedgeWorld.com)--For the past 10 years, Treyton L. Thomas has moved through life claiming to be a fabulously successful hedge fund manager, dispenser of political wisdom, philosopher, ace student and fountain of business insight. But according to civil charges filed Nov. 1 by the Securities and Exchange Commission, Mr. Thomas...
November 12, 2004
Spitzer Joins Attack On Life BrokerNew York Attorney General Eliot Spitzer has followed the lead of a California lawyer and filed a suit accusing a San Diego insurance broker ...
November 12, 2004
Fremont Investment Advisors Settles Market-Timing, Late-Trading ChargesSAN FRANCISCO (HedgeWorld.com)--Fremont Investment Advisors Inc. agreed to pay US$4.1 million and reform its corporate governance practices in order to settle charges brought by the Securities and Exchange Commission and New York State Attorney General's Office that it allowed market timing and late trading of shares in its mutual funds....
November 12, 2004
CalPERS Considers Doubling Hedge Fund BetSACRAMENTO, Calif. (HedgeWorld.com)--Having ramped up its hedge fund investment total to almost US$1 billion in recent months, the California Public Employees' Retirement System is now proposing to double its allocation to hedge funds. Through the end of September, the pension system had committed more than US$925 million to hedge funds....
November 11, 2004
Pacific Life Vet Moves To New PostNU Online News Service, Nov. 11, 2004, 3:45 p.m. ESTNew York Life Insurance Company has hired Thomas Tillery to be a senior field director ...