Morgan Stanley (MS) spun off its FrontPoint Partners hedge fund unit, parting company with co-heads Dan Waters and Mike Kelly.
Incidentally, Goldman Sachs is slated to serve as the global coordinator and and book runner for its mutual fund unit's IPO.
In July, Peter Wuffli stepped down abruptly as chief executive of UBS months after that firm took big losses from subprime mortgage holdings and shut down its Dillon Read hedge fund unit.
In July, Peter Wuffli stepped down abruptly as chief executive of UBS (nyse: UBS - news - people ) months after that firm took big losses from subprime mortgage holdings and shut down its Dillon Read hedge fund unit.
Yes, some are banks, but they are banks with large mutual fund (or unit trust) operations.
Take TotalFina, one of his largest positions in both the hedge fund and the unit trust.
The first big fund to outsource was PIMCO back around 2000, said Pete Cherecwich, head of global fund services business unit at Northern Trust.
The fund operates on a unit system in which conferences receive one unit for every tournament game played by a conference member, not counting the championship game.
FORBES: A Single NCAA Tournament Victory Is Worth $1.5 Million
One way of looking at these is as if they are a unit trust (in English) or a mutual fund (in American).
But if it succeeds, that business unit must repay the investment, over time, to fund new innovations.
Another hedge fund bites the dust, this one a unit of the Swiss banking giant UBS .
Yang, who for 10 years has been managing director and co-head of Carlyle Asia Partners, a unit of giant U.S. private-equity fund Carlyle Group.
His small German operation lacking resources, he teamed with another BorgWarner business unit and then applied for funding from the fledgling corporate venture fund to bring it to market.
Spanish employment data, hedge fund selling, and political rhetoric over a strong single unit causing economic problems are only some of the issues that this 17-member currency club is dealing with this morning.
Analysts at Panmure Gordon Co. said it was plausible that Kraft Foods might team up with a private equity firm to buy Cadbury and divide the assets between them, with Kraft getting the confectionary business and the private equity fund getting the company's stable and profitable beverage unit.
Analysts at Panmure Gordon Co. said it was plausible that Kraft Foods (nyse: KFT - news - people ) might team up with a private equity firm to buy Cadbury and divide the assets between them, with Kraft getting the confectionary business and the private equity fund getting the company's stable and profitable beverage unit.
Consider the Odey Continental European Trust, a British unit trust run by Hugh Hendry, who is also a hedge-fund manager.
But according to the Investment Management Association, the British fund-management industry's trade body, an equity unit trust has to have 80% in equities.
It is the investing approach of the day, meaningful mostly because fund managers want to distance themselves from the widely held view that unit trusts in Asia used to concentrate more on industries than companies, letting the region's strong growth pull them along regardless of the inherent quality of the companies selected.
This is what is the latest chapter in the drama surrounding TechCrunch, its parent company AOL, and AOL unit HuffingtonPost, that has unfolded since Arrington announced that he would launch a venture fund called CrunchFund, while also still running TechCrunch.
FORBES: Michael Arrington Now An 'Unpaid Blogger,' Leaves TechCrunch, Continues CrunchFund
Unregulated by the US Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA) or other relevant regulators, hedge funds are not subject to the limitations and restrictions imposed on their public fund brethren, such as retail mutual funds in the United States or authorised unit trusts in the United Kingdom.
Fidelity Investments and American Funds, among the largest in the category, saw redemptions or weak investor interest compared with competitors, according to an analysis of mutual-fund flows done for The Wall Street Journal by research firm Strategic Insight, a unit of New York-based Asset International.
The scandal was triggered when New York Attorney General Eliot Spitzer revealed a scheme under which Nations Funds, advised by Banc of America Capital Management, a unit of Bank of America (nyse: BAC - news - people ), permitted hedge fund Canary Capital to trade mutual fund shares at prices that had already been set at the day's close.
In 1967, an International Monetary Fund meeting in Rio de Janeiro reached agreement on a scheme for the creation of a new international monetary unit, the Special Drawing Right.
An Internal Revenue Service unit set up to look at wealthy taxpayers and their complicated financial arrangements has started rigorous probes of some hedge-fund managers and other investors it suspects may be trying to evade taxes.
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