Finance and M&A News and Updates

When it comes to buy-side carnage, most of the media ink has been spilled on hedge funds. But mutual funds have fared much worse on a performance basis. By some measures, on average, the losses wracked up by equity mutual funds are about double the losses of hedge funds. And who can forget that one money market mutual fund broke the buck in 2008, and there were several others that may have been close. Investors certainly took note.

WASHINGTON/NEW YORK (Reuters) - The assets of failed U.S. mortgage lender IndyMac are being bought by a group of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers & Co, which are putting up $1.3 billion in cash.

ATLANTA & FARMINGTON, Conn.----Eclipsys Corporation® , The Outcomes Company®, and Premise Corporation today announced the signing of a definitive agreement for Eclipsys to acquire all of the outstanding equity interests of Premise, a privately held industry leader in patient flow software solutions.

The Bush administration on Monday expanded its bailout of the U.S. auto industry, saying it was buying $5 billion in equity in auto and mortgage finance company GMAC and increasing a loan to General Motors by $1 billion.

The Bush administration on Monday expanded its bailout of the U.S. auto industry, saying it was buying $5 billion in equity in auto and mortgage finance company GMAC and increasing a loan to General Motors by $1 billion.