The Senate Finance Committee is scrutinizing a bill that could raise taxes paid by hedge fund managers and private equity heads.
ETF assets fell to $478 billion in June from $480 billion in May, according to State Street Global Advisors.
Barclays has added Aaron Tan as managing director and head of Hong Kong coverage, Finance Asia reported.
Mutual funds will now be subject to a new rule that prohibits fraud in hedge funds and other private investment pools.
Conseco Inc. will consolidate operations and sell properties as part of a plan to pare down expenses.
New York Life Insurance Co. has promoted Gary Scofield to senior vice president and chief actuary.
The Secretary of the Treasury will hold a conference to examine the tax system's effect on U.S. businesses and economic growth.
Hedge funds have beaten out the major indicators in the month of June.
Runaway hedge fund manager Michael Berger, whose U.S. fund lost $400 million, was caught in Austria last week, according to published reports.
Two-thirds of defined benefit pension sponsors have either closed their plans to new hires or have frozen such pensions for all participants in the last two years.
