Investment News articles from March 2008

Investment News archives from March 2008

Attracting assets eludes ETFs based on fundamental indexes; Institutions have yet to warm to the concept, some contend.(News)
March 3, 2008... Byline: David Hoffman Exchange traded funds that are based on fundamental indexes have ballooned in number, but they are having a hard time attracting assets. Assets among 69 ETFs pegged to fundamental indexes, almost all of which were...

People.
March 3, 2008... JPMorgan Private Client Services, a subsidiary of JPMorgan Chase & Co. of New York, has named Joseph T. Kenney, 42, chief executive. He succeeds J. Stephen "Mac'' MacLellan, who recently retired from the firm after more than 25 years in the...

TOM ORECCHIO; NAPFA chief takes aim at Rand report, SRO idea, 12(b)-1 fees, advisory tax.(Newsmakers)
March 3, 2008... Byline: Charles Paikert TOM ORECCHIO has some bones to pick. A recent study by Rand Corp. of Santa Monica, Calif., on investment advisers and broker-dealers didn't ask the right questions, according to Mr. Orecchio, chairman of the...

The downside of downside protection; Other voices.(Viewpoint)
March 3, 2008... Byline: Charles W. Widger Despite the historical success of using a combination of stocks and bonds to provide downside and upside protection, investors continue to search for new investment vehicles that purport to offer improved methods...

IN events.(Short Interests)
March 3, 2008... March 25-26 InvestmentNews 2008 Retirement Income Summit: Adviser Solutions for Today and Tomorrow Grand Hyatt New York For more information, go to: investmentnews.com/summit. April 22 Webcast: Transitioning to Retirement Income -...

The week ahead.(Short Interests)(Calendar)
March 3, 2008... March 3 InvestmentNews launches Ask the CPA, a tax-planning Q&A at investmentnews.com. InvestmentNews launches INPractice, a practice-management resource at investmentnews.com. March 4 The New York Society of Security...

Rydex fund offers exposure to futures; Performance proves non-correlation to traditional stock and bond portfolios.(Street Wise)
March 3, 2008... Byline: Jeff Benjamin The investment community appears to be catching on to the idea behind the Rydex Managed Futures Strategy (RYMFX), a first-of-its-kind registered mutual fund that provides synthetic exposure to the futures markets. ...

WILLIAM McNABB III; Vanguard's new president reaffirms advisers' importance to mutual fund giant.(Newsmakers)
March 3, 2008... Byline: David Hoffman Financial advisers know little of William McNabb III, who today replaces John J. Brennan as president of The Vanguard Group Inc. and who will be taking Mr. Brennan's position of chief executive in about a year. ...

Don't overdo annual contributions; Too much of a good thing can get you and your clients into trouble.(IRA Alert)
March 3, 2008... Byline: Ed Slott Some clients love IRAs so much that they create problems by contributing more than they should. Now that we're entering the peak season for IRA investing, let's review the contribution basics. The maximum amount that can...

Hiring practices key focus in the wake of scandals; Psychological profiling, candidate screening can help with crisis prevention.(News)
March 3, 2008... Byline: Charles Paikert Recent scandals have taught financial services firms to scrutinize the people they hire more closely. The realization that hiring practices are key to avoiding scandals was heightened after a rogue trader at...

AMT threat looms large.(Short Interests)
March 3, 2008... Byline: Sara Hansard Without further changes in the tax law, taxpayers with two children who file joint returns and don't itemize deductions will be subject to the alternative minimum tax this year, according to a study by the...

Insurers are touting no-load, low-cost VAs; Resistant RIAs are targeted as the next big channel.(News)
March 3, 2008... Byline: Darla Mercado Registered investment advisers just might be the next big ticket for the insurance industry. That is what carriers are betting on as they craft new variable annuity products for a fee-only philosophy. "The...

Insurance industry expects a tax hike but not this year; NAVA thinks that 2009 and 2010 are more likely to bring increases.(News)
March 3, 2008... Byline: Darla Mercado Although 2008 probably won't be a year for any significant tax changes, the insurance industry is preparing for 2009 and 2010, when tax increases appear likely. "Every new president puts a major tax bill through...

Hedge fund activist taunts SEC; Phillip Goldstein claims that restrictions on information are free-speech violation.(News)
March 3, 2008... Byline: Jeff Benjamin Open access to hedge fund information is at the heart of a brewing controversy that could result in a lawsuit being filed against the Securities and Exchange Commission as early as this week. Phillip Goldstein,...

New service connects advisers with buyers, hires; You might call it eFinancialHarmony.(News)
March 3, 2008... Byline: Deborah Nason A new web-based business is using a romantic analogy to address the challenge of finding potential successors for advisers planning for their own retirement. Succession Registry, launched in January, bills itself...

Will active ETFs lure investors? Perhaps, but not without a strong sales job to overcome the inherent inertia.(Investment Strategies)
March 3, 2008... Byline: Marvin Appel Exchange traded funds are one of the fastest-growing investment vehicles, but until now, they have been passive investments. However, a number of providers have been working on bringing actively managed ETFs to the...

Gauging retirement readiness; Sales, still the top metric, may not be the best way to measure success.(Retirement Watch)
March 3, 2008... Byline: Mark Elzweig Wall Street has become an industry of metrics. Investment advisers can slice and dice results in dozens of different ways to measure performance against any number of indices. Marketing gurus can pinpoint target...

Utah's top securities cop steps down; Wayne Klein resigns under fire, saying he became a 'distraction'.(News)
March 3, 2008... Byline: Bruce Kelly After drawing fierce criticism for his leadership, the top securities regulator in Utah resigned last week. Wayne Klein, director of the Utah Division of Securities until Friday, has had a long career as a state...

H&R Block loses $4 million arbitration case; Thomas Fitzgerald, former advisory COO, says he was threatened by top executives.(News)
March 3, 2008... Byline: Bruce Kelly Top management at H&R Block Inc., parent of H&R Block Financial Advisors Inc., allegedly turned up the heat and threatened a senior executive in the middle of an acrimonious dispute over compensation, according to an...

New global fund raises questions; Dodge & Cox offering may augur new demand - or be an effort to fill out its product line.(News)
March 3, 2008... Byline: Sue Asci Dodge & Cox's intention to launch a global-stock fund in April or May has observers trying to read the tea leaves. Since the San Francisco-based asset manager offers just four other funds, and last launched one - the...

Key players should absorb subprime lessons.(Viewpoint)
March 3, 2008... One of the keys to success in any endeavor is learning from experience. The government, investment and mortgage bankers, ratings agencies and investors all have much to ponder and learn as a result of the subprime-mortgage fiasco. Congress...

Don't take a penny or a nickel at face value; Just Thinking.(Viewpoint)
March 3, 2008... Byline: Jim Pavia It is no longer really a penny for your thoughts. To be precise, a thought is now worth 1.67 cents. And when someone offers you their 2 cents, they are really giving you 3.34 cents' worth of advice. That is because...

Corporate-income-tax overhaul is topic of debate; Change could affect U.S. competitiveness; some favor lower rates, others want a value-added tax.(News)
March 3, 2008... Byline: Sara Hansard The U.S. business community is at odds over how the corporate-income-tax system can be improved, with some favoring lower rates and others preferring a European-style value-added tax. "Lower rates and a broader...

Moolah in Michigan.(Short Interests)
March 3, 2008... Byline: Jeff Benjamin While a sinking auto industry and ever-higher taxes inflict greater pain on Michigan's taxpayers, its lawmakers are doing just fine. According to the latest data from The Council of State Governments in Lexington,...

At the bell.
March 3, 2008... Personal income, inflation edge higher Personal income rose 0.3% in January, while inflation as measured by the personal-consumption-expenditures price index increased 0.4%, according to the Department of Commerce. Advisers may get OK...

Actively managed ETFs close to reality; SEC staff this week expected to recommend rule change to hasten launch of exchange traded funds.(News)
March 3, 2008... Byline: David Hoffman The push for actively managed exchange traded funds, the Holy Grail of the ETF industry, is intensifying. State Street Global Advisors of Boston last Thursday filed an application with the Securities and Exchange...

Investors to sit tight despite economic woes.(Short Interests)
March 3, 2008... Byline: Lisa Shidler More than half of Americans are committed to their investment portfolio despite strong fears of a recession, according to a new study. Edward D. Jones & Co. LP of St. Louis polled 1,000 respondents by telephone...

Americans are trying to save more, study finds; But most are falling short of what is needed for retirement.(News)
March 3, 2008... Byline: Lisa Shidler Americans say they are trying to save more but realize they aren't saving enough to handle emergencies or provide for retirement. According to a study released last week by the American Savings Education Council,...

Customer cries foul; High-net-worth client Albert Marnell says he was fired by Schwab because of a 'cultural misunderstanding'.(News)
March 3, 2008... Byline: Sara Hansard Most advisers are on the lookout for high-net-worth customers. So it came as a surprise to investor Albert Marnell that after more than 20 years of doing business with Charles Schwab & Co. Inc., the...

Fund companies modify value-added programs; Aim is to help financial advisers retain anxious clients during a time of volatility.(News)
March 3, 2008... Byline: Sue Asci Mutual fund companies are arming their wholesalers with new tools to help financial advisers manage client anxiety about the roller-coaster markets and unsettling financial news. The updated programs include new...

Hiring of minorities, women increases slightly; Diversity is a'work in progress' at most financial companies.(News)
March 3, 2008... Byline: Andrew Coen The number of minorities and women holding management-level positions in the financial industry has increased during the past few years, but progress has been modest. For instance, in 2006, they held 16.1% of...

Prime numbers.
March 3, 2008... Go figure $25: The fee U.S. Airways will charge passengers for a second piece of checked luggage, starting May 5, in the hope of adding $75 million in annual revenue Source: U.S. Airways Group $216,000: The median price of a new...

Insuring child to fund college may make sense, some say; Said to give parents more control over how money is used.(News)
March 3, 2008... Byline: Darla Mercado Using life insurance to fund college costs has become less popular since the introduction of Section 529 plans, but some financial advisers and carriers insist the strategy still works for some middle-income clients....

Corrections.(Correction notice)
March 3, 2008... A story in the Feb. 18 issue, "Bad times for stocks could last many years,'' incorrectly cited a study, "What Risk Premium is `Normal?','' being published in the Journal of Portfolio Management. It was published in the Financial Analysts...

InvestmentNews Online Opinion Poll; Just Thinking.(Viewpoint)
March 3, 2008... Previously, we asked you: Are you worried that the U.S. Supreme Court's decision last week to allow individual participants to sue 401(k) plan administrators will also make you more vulnerable to lawsuits? Yes: 51.2% No: 48.8% ...

Closing quote.(Short Interests)
March 3, 2008... "A relationship of 23 years shouldn't be terminated because of a conversation that a New Yorker considers to be totally average and normal." -Albert Marnell, an investor who was "fired" by Charles Schwab & Co. Inc. after he had a...

SEC rule change would eliminate exemptive orders for ETFs; Seen as a blessing for investors because it would increase choice.(News)
March 10, 2008... Byline: David Hoffman Investors will be the ultimate winners if a Securities and Exchange Commission proposal to permit exchange traded funds to operate without having to obtain individual exemptive orders becomes a reality. "I think...

Prime numbers.
March 10, 2008... Go figure $40: Per capita spending on recorded music among U.S. Internet users during 2007, down from $44 in 2006 Source: NPD Group 47.9%; U.S. homeowners' equity as a percentage of the value of household real estate at yearend...

ROUND-TABLE PANELISTS.(Round Table: Regulation)(Discussion)
March 10, 2008... From left to right: Karen Tyler, president of the North American Securities Administrators Association Ira Hammerman, senior managing director and general counsel of the Securities Industry and Financial Markets Association Ron...

Recent push by Finra is the right move; Just Thinking.(Viewpoint)
March 10, 2008... Byline: Jim Pavia The recent push by the Financial Industry Regulatory Authority Inc. to return money to harmed mutual fund investors was part of what should be a never-ending effort by the financial services industry to find ways to...

Integrated software still an impossible dream; Advisers are irked by stand-alone tools, lack of data sharing.(News)
March 10, 2008... Byline: Davis D. Janowski Problems come and problems go, but linking adviser tools so that data entered once can populate several software programs - that's a problem that seems eternal. The onerous, time-consuming work that has to be...

Drawing down retirement money; Upcoming conference to consider tax-efficient ways to manage withdrawal of assets.(The Tax-Conscious Adviser)(Conference news)
March 10, 2008... Byline: Robert N. Gordon Over the past six months, I have done extensive research on the best ways to draw down assets to create retirement income, including looking at the effect of taxes on that process. This is an important issue,...

Suit against American Funds dropped; Fund group wins long-running case over revenue-sharing.(News)
March 10, 2008... Byline: Dan Jamieson Industry observers are cheering the news that the hugely popular American Funds group stood up to regulators - and won. California Attorney General Jerry Brown said last month that the state has dropped a...

Becoming a thriving enterprise; The aim is to grow into a market-dominating firm with more than $5 million in revenue.(Practice Management)
March 10, 2008... Byline: Joni Youngwirth Financial advisory firms have evolved from home-based businesses, to one-man shows, to full-fledged, thriving enterprises with multiple professionals and sometimes many staff members. With those changes have...

WILL RAND REPORT FORCE THE SEC'S HAND? Advisers seek ways to resolve investor confusion over financial professionals' roles.(Round Table: Regulation)
March 10, 2008... Byline: Andrew Coen fter the recent release of the Rand report, which explored how changes in the financial services industry affect individual investors, many industry leaders and advisers are calling on the SEC to toughen its regulations...

SEC's summary-prospectus proposal seen short on details; Fund industry is concerned about idea of quarterly updates.(News)
March 10, 2008... Byline: Sara Hansard While mutual fund companies and brokers are enthusiastic about a proposal to simplify fund prospectuses, they object to the idea of filing quarterly performance and holding updates, according to comments filed late...

Sharing the good life.(Short Interests)
March 10, 2008... Byline: Matt Jacobs Making it big on Wall Street isn't all about courtside seats at championship games or hobnobbing with celebrities. But if that is what it takes to raise money for the poor, investment bankers and traders are willing...

Harnessing gray power.(Short Interests)
March 10, 2008... Byline: Sara Hansard Older workers are less likely than younger workers to be unemployed, but those who are unemployed take longer to find work, and older workers confront a variety of barriers to employment even as many industries face...

Eye on Asian firms with dividends; Companies have maintained payouts even when profits have narrowed.(Street Wise)
March 10, 2008... Byline: Jeff Benjamin Investors have gotten used to associating the Asian equity markets with growth, but dividends are often an overlooked and potentially rewarding opportunity. "There is a large subset of companies that are growing...

Small fund companies may face consolidation; Shrinking assets spur pickup in deal talk.(News)
March 10, 2008... Byline: Sue Asci The stock market downdraft may soon ignite consolidation among small mutual fund companies. Collectively, the nation's 477 fund companies that have less than $5 billion in stock and bond fund assets experienced $1.42...

Indie broker-dealers welcome SEC plan; Changes in Reg S-P would set guidelines for account transfers.(News)
March 10, 2008... Byline: Bruce Kelly The SEC's proposed changes to Regulation S-P may slow down recruiting of independent reps, but executives with independent broker-dealers nonetheless are relieved that the agency has given some potential guidance on the...

Several wirehouses press advisers to talk health care with clients; Smith Barney, Merrill Lynch and Wachovia are on board, but UBS is leery about the potential liability issues.(News)
March 10, 2008... Byline: Lisa Shidler Several wirehouse firms have begun pushing their financial advisers to talk to clients in more depth about health care issues in retirement, but at least one firm, UBS Financial Services Inc., is avoiding the topic...

Rivalry in ETN market is heating up; Lehman Brothers is latest to launch platform for exchange traded notes.(News)
March 10, 2008... Byline: David Hoffman Financial advisers are glad to see that competition is heating up in the nascent exchange traded note market. Lehman Brothers Holdings Inc. of New York stirred things up last month when it launched Opta, an...

Round table: Edited transcript.(Round Table: Regulation)
March 10, 2008... The following is an edited transcript of the round-table discussion. Ms. Hansard: According to the Rand report, "the financial service industry is at a crossroads regarding its regulatory and legal status." Where would everyone like to see...

At the bell.
March 10, 2008... Regional bond dealers form organization Fourteen bond dealers said Friday that they have formed the Regional Bond Dealers Association, based in Alexandria, Va. Execs of Countrywide, Citi, Merrill defend pay The chief of Countrywide...

Morningstar charts course for growth; Despite dismal stock market, research firm eyes plans for new products and services.(News)
March 10, 2008... Byline: David Hoffman Despite a sinking stock market, investment research firm Morningstar Inc. is mapping plans to increase its product lineup in 2008. The firm is widely rumored to be considering plans to get into the market for...

Tax reform needs top-to-bottom analysis; Editorial.(Viewpoint)(Editorial)
March 10, 2008... Two tax reform issues are likely to collide over the coming months, and the fallout could be painful for high-income taxpayers. More pain is likely next year if a Democratic president is elected in November, because both candidates have...

Stars and starlets want a plan; But only 20% of rich celebrities have a comprehensive financial roadmap to guide them, according to new book.(News)
March 10, 2008... Byline: Charles Paikert Believe it or not, there's an opportunity out there for financial advisers and wealth managers to work with rich celebrities, according to the authors of a new book on celebrity wealth. Citing research showing...

An alternative fleece.(Short Interests)
March 10, 2008... Byline: Andrew Coen If hedge funds are becoming too commonplace, Michael Goldston offers jaded high-net-worth investors an alternative investment whose distinctiveness will knock their socks off and keep their feet toasty at the same time....

Eaton Vance program helps advisers decipher political scene; Tax hikes, AMT fix likely early in 2009, consultants predict.(News)
March 10, 2008... Byline: Sue Asci No matter who wins the upcoming U.S. presidential election, taxes are likely to increase next year - particularly for the wealthy, according to Eaton Vance Corp. That's just one of the conclusions reached by the...

IN events.(Short Interests)
March 10, 2008... March 25-26 InvestmentNews 2008 Retirement Income Summit: Adviser Solutions for Today and Tomorrow Grand Hyatt New York For more information, go to: investmentnews.com/summit. April 22 Webcast: Transitioning to Retirement Income -...

The week ahead.(Short Interests)(Calendar)
March 10, 2008... March 10 Accion International's third annual two-day investor conference on microfinance gets under way in New York. Wholesale-trade data for January are due out at 10 a.m. ET. March 11 The Chicago Board Options Exchange and...

NFP scales back acquisition goals; Company's objective is to buy advisory and insurance firms that will add $20M to earnings.(News)
March 10, 2008... Byline: Brooke Southall National Financial Partners Corp. has set a goal to buy a set of advisory firms with a combined $20 million in earnings this year, a reduction from the $36.3 million in earnings at firms it acquired in 2007. ...

RBC rolls out new name, technology; Reps like the name, but some grumble about tech snafus.(News)
March 10, 2008... Byline: Dan Jamieson RBC Dain Rauscher last week rolled out a new name and a new technology platform. Although brokers welcomed the new RBC Wealth Management moniker, the back-office changeover caused some to complain last week about...

Modern portfolio theory may face more skepticism; Weak market could raise new questions about the concept.(News)
March 10, 2008... Byline: Dan Jamieson If, as some think, the financial markets are in a secular-bear- market period, clients could be hurt with buy-and-hold portfolios based on the concepts of modern portfolio theory, according to some financial advisers....

Assets jump 18% in socially conscious investments; The rising cost of oil and global warming seen as driving investor interest in the category.(News)
March 10, 2008... Byline: Jeff Benjamin A growing desire among investors to align their portfolios with their personal and political beliefs is transforming the financial services landscape and creating opportunities and challenges for financial advisers....

Don't count out clean-energy stocks, some say; A market correction wasn't surprising, green-investors contend.(News)
March 10, 2008... Byline: Dan Jamieson The big hit clean-energy stocks have taken this year is just an expected correction, not the end of a fad, green-investing advocates say. A correction wasn't surprising, since the clean-energy sector got ahead of...

FINANCIAL ADVISORY INDUSTRY AT ODDS OVER RAND REPORT; No meeting of the minds on how far to extend fiduciary duties.(Round Table: Regulation)
March 10, 2008... Byline: Sara Hansard Representatives from the brokerage community and the investment advisory industry disagree about the need for all financial advisers to be regulated as fiduciaries. This was one of the findings of the annual...

Divorce specialists step up recruitment efforts; Group seeks to enlist financial planners in New York and Ohio.(News)
March 10, 2008... Byline: Andrew Coen With more than half of U.S. marriages ending in divorce, the Association of Divorce Financial Planners Inc. thinks that the time is right to increase membership. The group, which sponsors the certified divorce...

529 industry vocal in finalizing fed tax rules; College savings plans weigh in with IRS, look to avoid provisions with a 'chilling effect'.(News)
March 10, 2008... Byline: Charles Paikert The Section 529 college savings plan industry is trying to make sure that the Internal Revenue Service doesn't rain on its parade. Ever since the Pension Protection Act of 2006 made federal tax breaks for such...

Top re-balancing-software vendors duke it out for new customers.(Tech Update)
March 10, 2008... Byline: Davis D. Janowski Competition is heating up in the normally sedate world of portfolio-re-balancing software. Last month, to expand its market beyond top-tier financial advisers, ThinkTech Inc. lowered the prices of its iRebal...

Boomers clueless about Medicare, survey finds; Advisers, too, lack knowledge of a plan that most will use.(News)
March 10, 2008... Byline: Darla Mercado Medicare may be the nation's largest health insurance program, but it's a mystery to baby boomers, according to a survey released late last month by the National Association of Insurance Commissioners of Kansas City,...

SEC rediscovers fiduciary roots in Next Financial case; Other voices.(Viewpoint)
March 10, 2008... Byline: Knut A. Rostad Next Financial Group Inc. and the Securities and Exchange Commission faced off in court in December over Regulation S-P. According to InvestmentNews ("SEC takes view on client data,'' Jan. 14), the brokerage industry...

Key findings of the preliminary Rand report.(Round Table: Regulation)
March 10, 2008... * Investors and investment professionals are confused about the differences between investment advisers and broker-dealers. * Among firms that are dually registered or affiliated with brokerage and advisory firms, "the advisory and...

Ponzi scheme bilked soldiers, others; Taking in $11.2M, three perpetrators stole money for cars and a vacation.(News)
March 10, 2008... Byline: Bruce Kelly A broker barred from the industry in several states resurfaced last month as the key player in an alleged $11.2 million real estate fraud that preyed on military personnel, among others, in Southern California, Arizona...

Corrections.(Correction notice)
March 10, 2008... A story in the Feb. 25 issue of InvestmentNews, "Brokers pan Finra-AARP tie,'' said that "investment counselors'' employed by AARP Financial Inc. of Tewksbury, Mass., to service its fund shareholders are registered representatives with Alps...

InvestmentNews Online Opinion Poll.(Viewpoint)
March 10, 2008... Previously, we asked you: Would you recommend actively managed exchange traded funds to your clients? Yes: 39.1% No: 44.6% Not sure: 16.3% Respondents: 202 This week's question is: Are we in a recession? To respond to...

Closing quote.(Short Interests)
March 10, 2008... "John Wayne always wins. That's exactly what [this case] is -- it's the good guys winning." -Joseph Hardgrove, owner of Omega Securities Inc. in Fort Worth, Texas, on California dropping its lawsuit against American Funds. Page 2

Insurance for Fifi and Fido.(Short Interests)
March 17, 2008... Byline: Darla Mercado ***** Correction: In the March 17 issue article "Insurance for Fifi and Fido'' listed Pets Best Insurance Services LLC as a division of General Fire and Casualty Co. of Boise, Idaho. General Fire sold Pets Best...

NOURIEL ROUBINI; Superbear says there's more to come.(Newsmakers)
March 24, 2008... Byline: Janet Morrissey NOURIEL ROUBINI, one of the biggest bears on Wall Street, wasn't surprised by the fire sale at The Bear Stearns Cos Inc. of New York. He said it just reinforces his 12-point gloom-and-doom outlook, which he...

Is commercial real estate next? Experts debate whether it will follow the residential market into a slump.(News)
March 24, 2008... Byline: Janet Morrissey The ever-deepening housing crisis has Wall Street nervously watching to see if the upheaval will spill over into the commercial real estate market. At the moment, experts are split as to how much and how quickly the...

IN events.(Short Interests)
March 24, 2008... March 25-26 InvestmentNews 2008 Retirement Income Summit: Adviser Solutions for Today and Tomorrow Grand Hyatt New York For more information, go to: investmentnews.com/summit. April 22 Webcast: Transitioning to Retirement Income -...

Donohue: Watch out when marketing managed-payout funds; Sponsors must reveal that payments come strictly from principal.(News)
March 24, 2008... Byline: David Hoffman Mutual funds that offer managed payouts designed to give investors a steady stream of income have caught the attention of Andrew J. "Buddy'' Donohue, director of the division of investment management at the Securities...

Hedge funds forced to sell private-equity holdings; And it's PE firms doing the buying as deal pace picks up.(News)
March 24, 2008... Byline: Arleen Jacobius Hedge funds - facing forced margin calls and investment redemptions - are selling off wide swaths of their private-equity-type investments in search of cold hard cash. And private-equity firms have been only too...