05/23/2012

Wells Fargo Doubles Down on Mutual Funds as Rivals Wither

The firm will add foreign stock and bond strategies to its U.S.-based mutual-fund unit, open six more Luxembourg-based funds for offshore clients and wrest business from competitors, Niedermeyer said in an interview.

05/10/2012

Hedge funds help not hinder bankruptcy proceedings: Study

Indeed, based on a recent study conducted by the University of British Columbia, Queen’s University and Columbia University south of the border, hedge funds that invest in distressed U.S. companies actually have a positive influence on bankruptcy pr