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Blue Bell, PA-based wealth management shop Persimmon Capital Management has launched its first mutual fund, Persimmon Long/Short Fund (LSEAX), a multi-advisor mutual fund that employs long/short equity strategies. The fund started trading with $25 million of assets under management.
February 13 -
The US mutual fund industry is set to surpass $15 trillion in assets in February (open- and closed-end funds, and including exchange-traded funds), according to data from Strategic Insight.
February 13 -
Legg Mason Inc. (LM) named interim chief executive officer Joseph A. Sullivan as CEO, ending a five-month search for a leader to reverse five years of client redemptions and calm restive fund affiliates, according to a person familiar with the matter.
February 13 -
Expect drastic changes in the fund industry over the next half decade, says a new research report.
February 12 -
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Expect drastic changes in the fund industry over the next half decade, says a new research report.
February 12 -
The old adage of happy wife, happy life, is ringing louder for Scott Simon, a managing director at Pacific Investment Management Co. who heads mortgage- and asset- backed securities investing.
February 12 -
MIAMI - Smartphone shipments began to outpace personal computer shipments in 2011. Now, more than 50 percent of mobile phone users are smartphone users.
February 12 -
Omaha, NE-based Tributary Capital Management is reshuffling its investment team on the heels of an impending resignation.
February 12 -
American poitics have entered an era of bad will, said former White House press secretary Ari Fleischer. Nothing will happen of note on the federal budget until after the next Congressional elections, he forecast.
February 12