Bloomberg

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INVESTING ALTERNATIVES AUG 18, 2008
Funds of hedge funds losing their luster

Funds of hedge funds, after enjoying steady growth since the beginning of the decade, are now seen by some in the industry as victims of their own success.

NEWS INDUSTRY NEWS AUG 18, 2008
Younger Americans not saving enough for retirement

Younger workers are saving for retirement but fear that they aren't saving enough and that benefits such as Social Security will be cut before they are ready to retire, according to a new study.

RETIREMENT LIFE INSURANCE AND ANNUITIES AUG 18, 2008
Hybrids will drive retirement income

Products that combine equity exposure, income generation and volatility protection may grow more popular among advisers, according to a retirement product executive.

NEWS INDUSTRY NEWS AUG 18, 2008
ARS probe now includes Fidelity, Schwab

New York Attorney General Andrew Cuomo’s probe into the industry's selling of auction rate securities has widened.

YOUR PRACTICE FINTECH AUG 15, 2008
Morningstar buys FCSI, Fidelity e-signatures

Financial Computer Support Inc. makes the dbCAMS portfolio management software used by thousands of advisers.

NEWS INDUSTRY NEWS AUG 15, 2008
Wachovia to buy back $8.8 billion in ARS

Missouri securities regulators spearheaded the investigation into the firm's role in the market's February collapse.

NEWS INDUSTRY NEWS AUG 15, 2008
Industrial output on upward trend

U.S. industrial production increased 0.2% in July following a 0.4% jump in June, according to the Fed.

NEWS INDUSTRY NEWS AUG 15, 2008
Dollar makes gains in Eurozone

The dollar continued its rise, gaining ground against the euro and rising to a nearly two-year high against the British pound.

INVESTING FIXED INCOME AUG 15, 2008
Bond insurers boosted by upbeat report

MBIA Inc. and Ambac Financial Group Inc. rallied in early trading following a positive report from Standard and Poor’s.

NEWS INDUSTRY NEWS AUG 15, 2008
Merrill Lynch next in Cuomo’s sights

New York Attorney General Andrew Cuomo will investigate Merrill's connection with the freezing of the ARS market.