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On June 6, 2012, The Securities and Exchange Commission charged OppenheimerFunds Inc. and its sales and distribution arm with making misleading statements about two of its mutual funds struggling in the midst of the credit crisis in late 2008.
June 6 -
Mutual funds managed to recover somewhat from the massive $4.9 billion outflow they endured mid May by posting the smallest weekly infusion so far this year.
June 6 -
Insurance companies and broker-dealers sold $7.4 billion million in annuity products in April, down from $7.7 billion in March, the Depository Trust & Clearing Corporation announced.
June 6 -
On June 6, 2012, Alternative mutual fund shop Equinox Fund Management, LLC hired BNP Paribas Financial Services to administer its Frontier Fund, a public managed futures family of funds.
June 6 -
On June 6, 2012, Putnam Investments unveiled a new office in Beijing, representing the firms first foothold in China.
June 6 -
No advisor's stocking would be complete without these must-have books that will sharpen their professional skills. Here are 10 books for every advisor's stocking this thanksgiving.
June 6
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On June 6, 2012, PIMCO added two more bond funds, the PIMCO California Municipal Bond Fund and the PIMCO National Intermediate Municipal Bond Fund, to its portfolio.
June 6 -
Prudential Investments has introduced the Prudential Jennison International Opportunities Fund (PWJAX), which bets on international equities.
June 6 -
Financial services firms and money management executives face an emerging issue that represents both an opportunity and a potential threat: How to leverage extremely large data sets, now termed "big data," to proactively manage risk, improve the customer experience and identify market opportunities.
June 6 -
The new Emerging Markets Corporate Bond Fund invests in bonds issued by companies in more than 30 countries in Asia, Latin America, Europe, the Middle East and Africa.
June 5
