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Part of the stock fund gains appear to be coming from people saving for retirement.
And, as a hedge fund gains investors, the bank's institutional brokerage business, known as prime brokerage, is likely to grow.
HEDGE FUND GAINS While the hedge fund industry has largely been flat this year, a few closely watched managers stand out.
Excluding store-closing costs and hedge fund gains or losses, earnings in the fourth quarter, ended on Jan . 30 were $3.99 a share.
That means that when the market finally turns around, fund gains are likely to be sheltered from taxes for some time.
Expenses should drop, she says, if the $980 million fund gains assets.
Similar(44)
In 1999, the fund gained 66percentt.
His fund gained 17.3percentt in the quarter.
The Vice fund gained 6.64 percent in the second quarter.
For the second quarter, the fund gained 18.35 percent.
His Advantage fund gained 2.3 percent, and the Advantage Plus gained 3.5 percent.
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