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Assets fell by a quarter, reflecting both losses and client redemptions, which are expected to accelerate.
ECONOMIST: Hedge fund fees are being squeezed
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The 2014-2015 fiscal year starting next April will be the last with higher employer contributions required reflecting the recession losses, he said.
WSJ: NY state's pension fund reaches record $160B
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Reflecting the share losses, Kessler trimmed his EPS estimates for the company.
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Banks have also reported large losses, reflecting marked declines in the market prices of mortgages and other assets that they hold.
NPR: Economic Swoon to Continue, Bernanke Says
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His Web site shows his portfolio posting wild swings between profits to losses, reflecting the risks of borrowing shares that are sold short: If the shares rise too much during the several months that Middleton typically hangs on, he might have to buy them back at higher prices.
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Despite the weekly index losses, the VIX declined 12% on the week, reflecting partially the November options expiration and related collapse at least temporarily of volatility.
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The subscriber base consists of 1.4 million retail subscribers and 9.1 million wholesale subscribers, reflecting 21, 000 retail net subscriber adds and 489, 000 wholesale net subscriber losses during third quarter 2012.
ENGADGET: Clearwire sees wholesale revenues dip, LTE delays as it posts a $41.3 million net loss in Q3