With Asia’s stock markets slumping across the board investors are trying to find ways to negotiate returns and profits out of the downturn. One of the companies attempting to make lemonade out of this plethora of lemons is PXP Vietnam Asset Management with the debut of a hedge fund early next year. According to Bloomberg News the fund will concentrate its investments on undervalued stocks and will raise an estimated $200 million for the project...more...

Transaction Network Services (TNS) international data Communication Company signed an agreement with the London Stock Exchange designating itself as a network service provider(NSP). The massive contract further asserts the organization as a major player in the industry...more...

The Boulder Growth & Income Fund recently received two unsolicited shareholder proposals to elect alternative directors to the Fund's Board of Directors, terminate its investment co-advisory contracts and continue an "aggressive" level-rate distribution policy. Ralph W. Bradshaw and Ronald G. Olin, the aforementioned shareholders, suspiciously have a history of simultaneously submitting such requests, an issue Boulder plans to bring to the attention of the SEC....more...

Hennessee Group LLC, an adviser to hedge fund investors, announced today that the Hennessee Hedge Fund Index declined –5.52% in October (-15.30% YTD), while the S&P 500 declined -16.94% (-34.02% YTD), the Dow Jones Industrial Average declined -14.06% (-29.70% YTD), and the NASDAQ Composite Index declined -17.73% (-35.11% YTD). Bonds declined, as the Lehman Aggregate Bond Index declined -2.36% (-1.73% YTD)....more...

The stock market just endured the worst October since the crash of 1987. It was slammed by what Alan Greenspan called a “once in a century credit tsunami”. He said it shattered some of the models he has relied on over the past 40 years...more...

The online market provider Tradeweb has initiated the development of market places in the United States and Europe for Credit Default Swap Indices. This will allow their clients to view composite prices in real-time...more...

The Securities and Exchange Commission has made several revisions to their rules regarding mutual funds, making electronic applications mandatory. Companies looking for exemptions under the Investment Company Act will also be subject to this new set of stipulations...more...

Anthony B. Davidow is the new Senior Vice President & Head of Distribution at IndexIQ, a developer of hedge fund replication and other alternative investing strategies. Hedge fund replication is becoming more attractive to investors seeking increased activity regulation...more...

Bank of America has appointed Robert de Gidlow to the position of senior vice president of Global Liquidity Product and Solutions Consulting. He’ll answer to Michael Golden, the product management executive for Global Liquidity Product and Solutions Consulting...more...