Performance Section

News

Labor Department Proposes Dollar-Based 401(k) Fee Disclosure

Projects Roughly $225 Million Annually in Lower Fees for Participants Due to Better Transparency

New AARP Funds Chief Plans to Expand Offerings

New Focus on Retirement Income, Calculators

IndexIQ Launches Hedging Mutual Fund

IQ Alpha Hedge Strategy Fund to be Team Managed, Invest in ETFs

Paulson Declares Economy Sound

Voices Support for Freddie Mac, Fannie Mae

Hedge Fund Inflows Suffer Steep 2Q Slide

Flows Tumble 79% to a Mere $12.5B Trickle

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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.

Money Market Funds Called Upon to Make Non-Public SEC Filings

How serious are liquidity problems with money market mutual funds? Mercer Bullard, founder and president of Fund Democracy, believes they're serious enough to warrant an immediate rule requiring money market mutual funds to make non-public monthly electronic filings of their portfolios to the Securities and Exchange Commission. In fact, he's upset that so far, the only SEC reaction had been a secretary's acknowledgement of the receipt of his Jan. 16 rulemaking petition.

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.'

Sober Wake-Up Call At Morningstar Conference

Morningstar's Investor Conference in Chicago may have echoed with many of the same old solutions of the past, but for those who listened carefully to Mohamed El-Erian's message, 'This time it's different.'

Private Equity Infusion Could Help Banks

Cash-strapped banks are hoping the Federal Reserve will loosen restrictions keeping private-equity firms from giving them capital. 'This would be a bit of a sea change for the Fed,' said Gregory Lyons, head of the financial services practice at law firm Goodwin Procter LLP.

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