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Oct 4, 2010

Fund manager Berkowitz gets sneak peek from AIG

BOSTON (Reuters) – Money manager Bruce Berkowitz may be preparing to deepen his involvement in American International Group Inc as the insurer plans a capital restructuring to pay back taxpayers and restore its financial stability.

Largely unnoticed Thursday as AIG (AIG.N: Quote, Profile, Research) unveiled its plan to accelerate the payback of U.S. government bailout money, Berkowitz disclosed that he had signed a confidentiality and standstill agreement with the insurer.

Oct 1, 2010

Analysis: Fund manager Berkowitz gets sneak peek from AIG

BOSTON (Reuters) – Money manager Bruce Berkowitz may be preparing to deepen his involvement in American International Group Inc (AIG.N: Quote, Profile, Research, Stock Buzz) as the insurer plans a capital restructuring to pay back taxpayers and restore its financial stability.

Largely unnoticed Thursday as AIG unveiled its plan to accelerate the payback of U.S. government bailout money, Berkowitz disclosed that he had signed a confidentiality and standstill agreement with the insurer.

Sep 28, 2010

Analysis: Closure of small ETFs won’t slow market

BOSTON (Reuters) – Managers have pulled the plug on 14 small exchange-traded funds over the past month, but the $800 billion U.S. market is still on track to post another year of net expansion.

The latest wave of closings is part of the typical “trial and error” process the ETF market relies on to uncover new hits, according to Roger Nusbaum, chief investment officer at Your Source Financial in Phoenix, Arizona.

Sep 20, 2010

Morningstar may stop rating leveraged, inverse ETFs

CHICAGO (Reuters) – Morningstar (MORN.O: Quote, Profile, Research) is likely to remove leveraged and inverse exchange-traded funds from its influential star-rating system and track them separately from its standard fund categories, an executive with the fund research firm said in an interview.

Scott Burns, director of ETFs at Morningstar, said the products are intended for traders while his firm is oriented more toward long-term investing.

Sep 15, 2010

Analysis: U.S. ETF duopoly meets increased competition

CHICAGO (Reuters) – Exchange-traded funds have seen exponential growth over the past decade, but just two firms — State Street Corp (STT.N: Quote, Profile, Research, Stock Buzz) and BlackRock’s (BLK.N: Quote, Profile, Research, Stock Buzz) iShares unit — were the main beneficiaries.

Now that may be changing.

Mutual fund giant Vanguard Group, which had been a minor ETF sponsor, has moved aggressively to introduce new products with even lower fees than some of the category leaders.

Aug 31, 2010

Major hedge funds cut back equity risk

BOSTON (Reuters) – Even some of the savviest hedge fund managers got burned in 2008 by sticking with their hot stocks for too long as the market tumbled.

Now, with fresh signs of weakness in the U.S. economy, they are positioning to avoid making the same mistakes.

Aug 30, 2010

Analysis: Major hedge funds cut back equity risk

BOSTON (Reuters) – Even some of the savviest hedge fund managers got burned in 2008 by sticking with their hot stocks for too long as the market tumbled.

Now, with fresh signs of weakness in the U.S. economy, they are positioning to avoid making the same mistakes.

Aug 17, 2010

Fund managers make big bets on oil stocks

BOSTON (Reuters) – Top hedge fund managers went bargain hunting in the oil patch in the second quarter, buying shares whose prices had tumbled after BP’s Gulf of Mexico well disaster and in the face of lower oil prices.

Top managers including Carl Icahn, Eric Mindich and Dinakar Singh, whose stock picks are closely watched in investment circles, added energy stocks to their holdings even as billions of gallons of oil gushed into the Gulf, according to quarterly securities reports filed on Monday.

Aug 17, 2010

Soros favored gold, slashed big U.S. equities

BOSTON, Aug 16 (Reuters) – Billionaire investor George
Soros in the second quarter stuck with his big bet on gold but
slashed his holdings in dozens of major U.S. companies from
Verizon Communications to Pfizer.

Soros also may have sold his entire holdings in Petroleo
Brasileiro SA (PETR4.SA: Quote, Profile, Research, Stock Buzz) (PBR.N: Quote, Profile, Research, Stock Buzz).

Aug 16, 2010

Soros favored gold, may have sold Petrobras in Q2

BOSTON, Aug 16 (Reuters) – Billionaire investor George
Soros in the second quarter stuck with his big bet on gold but
may have sold his holdings in Petroleo Brasileiro SA (PETR4.SA: Quote, Profile, Research, Stock Buzz)
(PBR.N: Quote, Profile, Research, Stock Buzz).

In a quarterly securities filing on Monday, Soros Fund
Management reported owning substantially fewer U.S. listed
stocks than three months earlier. The fund listed $5.1 billion
in equities as of June 30, down 42 percent from $8.8 billion at
the end of March.

    • About Aaron

      "Boston-based reporter covering investment management and investing. Previously worked at Businessweek in Boston and at The Industry Standard and Reuters in Washington, D.C."
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