Magnetar Capital CDOs Had Better Disclosure Than Goldman’s, SEC Told Bank Two mortgage-linked investments tied to hedge-fund firm Magnetar Capital LLC had better disclosures about conflicts of interest than a Goldman Sachs Group Inc. transaction, Securities and Exchange Commission staff told the bank’s lawyers in a meeting.
Putnam’s Reynolds Replaces 3 Fund Managers in Bid to Improve Performance Putnam Investments LLC named Robert Brookby and Pam Gao as managers of three equity mutual funds that have lagged behind their peers, replacing Raymond Haddad, Gerry Moore and Anthony E. Sutton.
State Street, Northern Trust Decline as Low Rates Curb Quarterly Profit State Street Corp. and Northern Trust Corp. fell in New York trading as the two independent custody banks reported first-quarter earnings that were hurt by record low interest rates.
Goldman Sachs Says SEC’s Fraud Case Hinges on Actions of Single Employee Goldman Sachs Group Inc. said the U.S. fraud case against the firm hinges on the actions of the employee it placed on paid leave this week.
Staten Island Investment Adviser Charged With $17.5 Million Fraud Scheme Gryphon Holdings Inc.’s owner and four employees of the Staten Island, New York-based investment firm were charged with conspiracy to commit securities fraud and wire fraud in an alleged $17.5 million scheme.
Schottenfeld Group Settlement in Galleon SEC Case Approved by U.S. Judge Schottenfeld Group LLC won a judge’s approval of a $763,000 settlement with the U.S. Securities and Exchange Commission in the Galleon Group LLC insider-trading investigation.
Pimco Recommends Emerging Market Debt Over U.S., Europe on Growth Outlook Investors should buy emerging- market debt rather than bonds of developed countries because advanced economies are poised for a period of slower growth, according to Pacific Investment Management Co.
Brookfield Says Simon Investment Would Be `Impediment’ for General Growth Simon Property Group Inc.’s plan to invest in bankrupt rival General Growth Properties Inc. raises antitrust concerns that would hurt the mall owner after it reorganizes, Brookfield Asset Management Inc. said.
Carl’s Jr. Owner CKE Says Rival Takeover Bid Exceeds THL’s; Shares Advance CKE Restaurants Inc., operator of the Carl’s Jr. and Hardee’s chains, said it received a takeover offer superior to the one agreed to in February with Thomas H. Lee Partners LP. The shares advanced 6.4 percent.
Hewitt Says 401(k) Retirement-Account Balances Remain 11% Lower Than 2007 Average account balances of 401(k) retirement plans remain 11 percent lower than 2007, according to Hewitt Associates, a human-resources consulting firm.