TORONTO, Nov. 12 (UPI) -- The global financial crisis claimed more jobs in Canada's financial district in Toronto as a major mutual fund company announced 60 job cuts.
NEW YORK, Nov. 11 (UPI) -- A soured investment in Lehman Brothers debt proved even a prudent U.S. investor can find trouble in the current financial environment.
WASHINGTON, Oct. 21 (UPI) -- The U.S. Federal Reserve said Tuesday it would create a Money Market Investor Funding Facility to restore liquidity in money market mutual funds.
SEOUL, Oct. 2 (UPI) -- South Korean National Pension Service decided against bidding for Daewoo Shipbuilding & Marine Engineering Co., officials said Thursday.
NEW YORK, Sept. 18 (UPI) -- Money market mutual funds, among the safest bets in the investment spectrum, have begun to show signs of strain, financial analysts said Wednesday.
NEW YORK, July 11 (UPI) -- Gerald Tsai Jr., a legendary investor and the first Chinese-American to lead a Dow Jones industrials company, died in New York City Wednesday, his son said.
WASHINGTON, Dec. 22 (UPI) -- U.S. banks and Treasury Department officials have scrapped a plan to create a $100 billion fund to stabilize the short-term credit market.
NEW YORK, Dec. 19 (UPI) -- Morgan Stanley said Wednesday China's government-controlled investment fund had invested $5 billion to help replenish the No. 2 U.S. brokerage firm's capital.
NEW YORK, Oct. 19 (UPI) -- Alan Greenspan, the former chairman of the US. Federal Reserve, raised serious doubts Friday about a bailout “super fund” proposal.
TORONTO, Aug. 20 (UPI) -- FrontierAlt Oasis Funds Management said Monday it launched a Canadian income fund based on Islamic investment principles.
NEW YORK, Aug. 13 (UPI) -- Goldman Sachs Groups Inc. said Monday it and investors injected $3 billion into a U.S. hedge fund that lost about 30 percent of its value last week.
NEW YORK, Aug. 1 (UPI) -- Bear Stearns Cos. froze the assets of a hedge fund that had put some $900 million in U.S. mortgage investments, stopping investors from taking money from it. The fifth-largest U.S. investment bank said it suspended investor redemptions from its Asset-Back
BOSTON, July 30 (UPI) -- U.S. hedge-fund firm Sowood Capital Management LP said late Monday its two funds lost half their value this month and were sold "to protect your investment."
WASHINGTON, July 11 (UPI) -- U.S. regulators Wednesday agreed to adopt a new antifraud rule aimed at money managers who mislead or defraud investors, including those in hedge funds.
NEW YORK, Jan. 31 (UPI) -- Hedge-fund copycat products are not living up to their billing, often posting smaller gains than the indexes they track, New York hedge-fund managers say.
