International Section

News

French Funds Suffering in 2008

Mutual Fund Industry Falls 6% in June

Prudential Honors Retirement Plan Sponsors

Faith Technologies Inc., VSP Vision Care, Knauf Insulations, Rogers Corporation, and International Union of Operating Engineers Receive Honors

Chinese Fund Investors Blame Managers for Steep Losses

Share Splits Lowered Prices, Enticing Investors

Where Has All the Alpha Gone?

Handful of Genuine Market-Beaters May Have Vanished

DTCC, Swift Team Up on Alternative XML Messaging

Firms Will Be Able to Connect to DTCC Platform Via Swift Network

More

Articles

Tax Warning to Hedge Funds Heading Overseas To Avoid Subprime Risks

The ongoing credit crisis saga has taken a tremendous toll on hedge funds due to their exposure to structured mortgage-backed assets-and for those heading or parsing trades overseas to avoid U.S. taxes: Beware. The contracting demand for mortgage-backed securities-which had been dramatically overvalued by brokers who pushed more than 600 varieties of these assets to hedge fund managers through unregulated, highly leveraged repos-precipitated the tightening of unsecured term funding.

Equity Mutual Funds Slip 15 Basis Points in 2Q08

Mutual fund investors held resilient in the second quarter of the year, 'shrugging off weakness in the labor and housing markets and even ignoring the rising cost of oil and gas,' announced Tom Roseen, senior research analyst for Lipper, during the firm's press conference last Tuesday on the quarter's results. 'We saw in the headlines that it was a very bad quarter, the worst quarter for the Dow since 1929, but I think you are going to see that that's not the case for mutual funds,' Roseen said. 'Certainly for a lot of the big, large-cap and value-oriented funds it was a real dour quarter and a horrible month in May, but if you take a grander look at things, the first two months of the quarter were really, really good.'

Cool, Calm & Reflective: How Flanagan Saved Invesco From Itself

Back in 2005, the chances that Amvescap, now Invesco, would make a 360-degree turnaround seemed virtually impossible, but with a little bit of time and the addition of Martin Flanagan as chief executive officer, the unlikely actually occurred.

Samuel Israel III: The Great Hedge Fund Escape Artist

'I cheated my investors because I was afraid to admit my failure. I did not want the world to think I was not good enough and I did not want my family to see me as a failure.' Those are some of the choice, cowardly words from Samuel Israel III, the erstwhile Bayou Capital hedge fund manager who cheated investors out of $450 million, when begging the sentencing judge for leniency. Apparently, Israel believes he was justified in, and can earn sympathy for, ripping off his clients because he couldn't measure up to his prominent New Orleans family. His lawyer also pled on Israel's behalf, noting the swindler's pacemaker, back trouble and addiction to pain killers.

UCITS Next Great Hope for U.S. Firms in Europe

NEW YORK - Days before the European Union celebrated the 10th anniversary of the Euro last week, Dechert LLP held a widely popular seminar here on the how-to's of Undertakings for Collective Investment Trusts, or UCITS, which have been growing at a rapid pace not only on the Continent, but also in Latin America, Asia and the Middle East. UCITS essentially afford an investment firm a 'passport' to register and market a UCIT, an investment vehicle structured much like a mutual fund, throughout the EU.

More