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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 -
Schooner Investment Group, the investment adviser to the Schooner Global Absolute Return Fund, is liquidating the alternative mutual fund on March 13, according to a regulatory filing.
February 12 -
The SEC mandated a series of money market mutual fund reforms in 2010. Then, Mary Schapiro pushed for more reform in her last two years in office. Now, the Financial Stability Oversight Council has taken up the light sabre. But dont worry, says Tim Johnson, partner in the Financial Industry Group at Reed Smith, a fund industry law firm.
February 12