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Hedge funds, like so many other things, had a horrendous year in 2008. They posted their worst performance on record, a decline of 19 percent; meanwhile, several high profile funds blew up and nearly one-third of the hedge funds tracked by...
The big question to have arisen from the financial meltdown is: Have financial market regulators been doing their jobs well? Okay, it’s not the only big question, but it is certainly one of them. And the other big question: What kind of hit...
Dallas: "I know exactly what business I want to be in," said Bill, "but I'm not certain that I have the experts in my practice to handle all my affluent clients' needs."
Broker/dealers, custodians and clearing firms are far behind in their preparations for new cost-basis reporting rules that will take effect between January 1, 2011 and January 1, 2013, analysts and tax experts say. Sure, that first deadline is...
Today there is a fairly common story heard along the boulevard of broken Wall Street dreams. It goes something like this. In late 2007, a 65-year-old wirehouse broker happily trotted into his office crowing about his plans to retire in 2008. This...