The Hedge Fund Research composite index increased 2.43% in May and is up 7.19% on the year.
A Massachusetts man and his company have been charged with operating as an unregistered broker-dealer and soliciting investors for companies he represented.
Citigroup Inc. agreed to pay $15.2 million to settle claims with NASD that its brokers misled employees of BellSouth Corp.
Hennion & Walsh today introduced three fund-of-ETFs mutual funds based on indexes created by Lipper Inc.
American Funds' offerings led the international category in the first quarter, says Cerulli Associates.
A New York-based hedge fund has raised $2 billion and may launch an activist assault on the “King of Beers," according to a New York Post report.
Prudential Financial today announced that it would close its equity research and trading business, with a loss of some 420 jobs.
MetLife Inc.'s Investors Group has promoted Elizabeth M. Forget to senior vice president, the insurer said today.
Morgan Stanley’s board of directors has approved the spin-off of Discover Financial Services.
Two hedge funds are pressuring TD Ameritrade to sell out to E*TRADE or Schwab, according to press reports.
