Top-rated manager quits FBR Focus mutual fund

Date: Wednesday, August 5, 2009

Top-rated manager quits FBR Focus mutual fund

Charles Akre, who owns a vaunted five-star rating from Morningstar,
will quit FBR and plans to launch his own fund.

CAPS ON ENERGY SPECULATORS COULD HIT ETFS

A possible U.S. regulatory clampdown on big energy speculators could
also hit exchange-traded funds backed by commodities, making it harder
for investors of all sizes to buy new shares and forcing fundamental
changes to the way they do business.

SMALL FUNDS BEATING LARGER RIVALS

While their names may not be familiar to many
investors, there were some stock mutual-funds that delivered stellar
returns over the past year.

CITADEL TO REDEEM SOME MONEY IN OCTOBER

Citadel plans to return some money to investors in October, a sign the
redemption freeze in the $1.4 trillion hedge-fund industry is thawing.

U.S. STOCKS SETS HIGHER BAR FOR THIRD QUARTER

With the U.S. stock market's recent rise coming on the heels of
better-than-expected earnings results, investors are looking to the third
quarter with raised expectations that could be difficult to meet.