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Virgin Group will reportedly offer up to 40% of Britain's fifth-largest mobile-phone operator, in a float that is expected to value the company at some £1 billion ($1.8 billion).On the eve of its merger with J.P. Morgan Chase, Bank One agreed to pay $50m to settle charges that it allowed the improper trading of mutual funds and also agreed to cut fees at its fund unit.
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The Komen foundation has seen several executives leave and numbers fall at its fund-raising Races for the Cure after the Planned Parenthood controversy.
Indeed, even before Mr. Lazio followed Mr. Bush into the ballroom at the Sheraton New York Hotel in Midtown, Mrs. Clinton, at an early-morning news conference in Long Island, was assailing Mr. Lazio for taking Conservative Party support and appearing at its fund-raising luncheon.
The matter has come under scrutiny now because the LSC is looking at its funding methodology as part of its "agenda for change".
While Legg Mason set aside almost $2 billion in the past six months as a buffer against losses in three of its money market funds, its downturn for the quarter was also attributable to $26.3 billion worth of investor withdrawals over the last year and poor performance at its funds, including Legg Mason Value Trust.
Fortress has been hit with a series of departures at its hedge fund unit.
The FleetBoston Financial Corporation has fired three top executives at its mutual fund sales unit, which was accused of helping to arrange improper trading, a company spokesman said.
Average trading cost at its Magellan Fund in the last fiscal year was 3.5 cents per $100 in assets.
The strongest performers at Blackstone included its fund of hedge funds business, where earnings climbed 163 percent, and its core private equity arm, where profit rose 86 percent.
At any given moment, it is likely that at least one of its fund managers will be performing well.
At its best, it funds risk taking or unfashionable projects; at its worst it promotes the whims and values of the super-rich.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com