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Celent: Hedge Funds Putting New Technology Spending On Hold

Wed, 7 Jan 2009 04:15:00 GMT

Hedge fund spending on information technology will fall 20.5 percent this year--$1.35 billion compared to $1.7 billion in 2008--according to research firm Celent. Due to deleveraging, losses caused by redemptions and pressure on fee structures, the... (read full story)

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Guinness Peat admits 'unsatisfactory' year

Wed, 7 Jan 2009 04:03:00 GMT

said it had suffered an unsatisfactory 2008. The investment company said it was the victim of not only the global financial crisis, but also its own misjudgement. Guinness Peat said a number of portfolio writedowns were necessary as a consequence of the... (read full story)

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Morningstar Picks Fund Managers of the Year

Wed, 7 Jan 2009 03:54:00 GMT

Morningstar said its 2008 fund manager winners demonstrate proven strategies by experienced teams, rather than “trend-chasing.” To recognize the best fund managers each year, Morningstar selects leaders in three asset classesdomestic stock,... (read full story)

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Vanguard: Target-Date Funds Balance Investment Behavior

Wed, 7 Jan 2009 03:54:00 GMT

With recent market volatility, a concern that some participants are too aggressively invested in equities has been added to the ongoing concern that some participants are invested too conservatively. A study from Vanguard indicated target-date funds... (read full story)

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Fidelity Names Former Evergreen CEO to Institutional Services Post

Wed, 7 Jan 2009 03:54:00 GMT

Fidelity Investments named Peter Cieszko, former president and CEO of Evergreen Investments, as president of Fidelity Investments Institutional Services Company, Inc. Cieszko will join Fidelity this month and report to Michael K. Clark, president of... (read full story)

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T. Rowe Adds Income Fund

Wed, 7 Jan 2009 03:53:00 GMT

T. Rowe Price has expanded its fixed-income investment offerings by launching the Strategic Income Fund, the company announced. The new offering seeks high income and some capital appreciation by investing in as many as 12 asset classes, including both... (read full story)

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Irish pension funds lose €27 billion during 2008 as managed funds decline 34.8%

Wed, 7 Jan 2009 03:52:00 GMT

News : Irish Jan 6, 2009 - 1:29:37 PM Irish pension funds experienced a turbulent year during 2008. As the global economy moved towards recession, equity markets across the world went into freefall. Irish pension funds lost an estimated €27 billion... (read full story)

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Hedge funds restricting withdrawals a mistake

Wed, 7 Jan 2009 03:43:00 GMT

Looking for a new definition of a hedge fund? How about an organization that takes 20% of the profits on your money in the good times, then refuses to let you have it back when the weather turns rough?We all know the hedge fund industry had a terrible... (read full story)

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Citco Still On Hook In $550M Hedge Fund Fraud Suit

Wed, 7 Jan 2009 03:37:00 GMT

-- A federal judge overseeing investor litigation stemming from the collapse of two British Virgin Islands-based hedge funds has denied a bid by Citco Group Ltd., the parent company of the former administrator of the funds, to be dismissed from the... (read full story)

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Janus Hires an Institutional Exec

Wed, 7 Jan 2009 03:11:00 GMT

Extract not available.... (read full story)

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Diaspora Mutual Fund takes shape

Wed, 7 Jan 2009 02:55:00 GMT

The Central Bank Governor Francois Kanimba(L) at the press conference during the launch of RDMF, Providence B Newport,( C)and Emmanuel Rurema Project Leader of Technical Part (R) yesterday at Central Bank Offices (PhotoGBarya) NYARUGENGE - The Rwandan... (read full story)

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Listed Hedge Funds 2008 Review

Wed, 7 Jan 2009 02:42:00 GMT

The listed hedge fund sector looked set for another year of exceptional growth at the start of 2008. However, by the end of the year it was evident that the sector was set to shrink and consolidate. Indeed, having previously been seen as something of a... (read full story)

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What was the worst mutual fund news to hit in 2008?

Wed, 7 Jan 2009 02:00:00 GMT

You don't know who has been swimming naked until the tide goes out, Warren Buffett once wrote. Well, the tide went out last year, and many funds and managers were caught shudder without their Speedos. The top three sights that would make you go blind... (read full story)

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Jo-Carroll Energy Selects Trimble's Utility Field Inspection and Asset Management Solution

Wed, 7 Jan 2009 01:57:00 GMT

SUNNYVALE, Calif., Jan. 6 /PRNewswire-FirstCall/ -- Trimble (NASDAQ: TRMB) today announced that Jo-Carroll Energy, a Touchstone Energy Cooperative in Illinois, will be implementing its Geographic Information Systems (GIS)-based Trimble UtilityCenter(R)... (read full story)

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Bravura plays consolidator to J. P. Morgan Asset Management UK arm

Wed, 7 Jan 2009 01:56:00 GMT

Bravura Solutions, the service provider and transfer agency, has consolidated all of J. P. Morgan Asset Management’s UK Asset Management onto a single platform The link up extends Bravura’s work with the asset manager throughout 2008 on its UK... (read full story)

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