Latest News in Stock Funds Markets – June 03, 2009

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Pallotta shutting his hedge funds – Boston Globe

3 Jun 2009 at 5:29am
James J. Pallotta, one of Boston’s most prominent hedge fund managers, told investors yesterday he is shutting down his funds and returning most of an estimated $800 million to clients, just months after starting his own firm. Pallotta, an investor …

Invesco Aim Launches AIM Core Plus Bond Fund – Earthtimes

3 Jun 2009 at 6:12am
HOUSTON – (Business Wire) Invesco Aim today announced the launch of AIM Core Plus Bond Fund {Class A ticker symbol: ACPSX} for investors looking to diversify their fixed-income holdings and seeking to opportunistically enhance long-term relative …

Prudential raises $1.2B in stock sale – Asbury Park Press

3 Jun 2009 at 7:53am
NEWARK ? Prudential Financial Inc., the second-biggest U.S. life insurer, raised about $1.2 billion in a stock sale, padding its finances against further investment declines after the company refused government bailout funds. Prudential sold almost …

When Funds Are Smarter Than Stocks – Motley Fool

3 Jun 2009 at 8:14am
The idea that a savvy individual investor with the right approach can beat the Wise Guys of Wall Street at their own game is the very cornerstone of Foolishness. But as Fool fund guru Amanda Kish often says , there’s no reason you can’t apply that …

U.S. Stock-Index Futures Drop as Aetna Reduces Profit Forecast – Bloomberg

3 Jun 2009 at 6:34am
June 3 (Bloomberg) — U.S. stock-index futures declined, indicating the Standard & Poor?s 500 Index may fall for the first time in five days, after the equity benchmark traded at the most expensive level in eight months relative to earnings. Aetna …

Dow Jones Indexes and the Federation of Euro-Asian Stock Exchanges to … – …

3 Jun 2009 at 4:18am
NEW YORK, Jun 3, 2009 (GlobeNewswire via COMTEX) — Dow Jones Indexes, a leading global index provider, and the Federation of Euro-Asian Stock Exchanges (FEAS) plan to launch the Dow Jones FEAS Indexes on Friday, June 5. This is the first time …

Gold, Silver ETFs surge on stock market recovery – Commodity Online

3 Jun 2009 at 4:11am
NEW YORK: Zooming gold price is adding to the immense value of the exchange trade funds in the yellow and white metals even as commodities continue to attract investors around the world. Holdings in world’s largest gold-backed and silver-backed …

Premium Brands Income Fund to convert into corporation from trust … – News…

3 Jun 2009 at 7:02am
VANCOUVER, B.C. – Premium Brands Income Fund (TSX:PBI.UN), a Vancouver-based producer and distributor of specialty food products, is converting into a corporation from a trust in a complex deal that involves Montreal-based biotech company Thallion …

U.S. stock futures signal dip; eyes on macro data – Life Style Extra

3 Jun 2009 at 2:30am
* U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as investors were poised to pocket a portion of their recent lofty gains ahead of key macroeconomic data. * At 0850 GMT, futures for the S&P 500 were down 0.5 percent …

Fund Managers can become farmers: Jim Rogers – Economic Times

3 Jun 2009 at 3:13am
Even if you are outright bearish, don’t short the market. Stocks could touch crazy levels, but they may be in currencies which are worthless. Indeed, a sovereign default and currency turmoil could rattle world markets in a year or two. In a chat with …

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June 03 2009 08:21 am | Stock Market News

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