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BNY Mellon has signed a definitive agreement to buy PNC’s Global Investment Servicing business for $2.31 billion in cash. The unit provides custody, fund accounting, transfer agency and outsourcing.
February 2 -
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Ten struggling exchange-traded funds that have attracted less than $18 million, or 3% of WisdomTrees $6 billion in assets under management, will be shut down on March 24.
February 2 -
Based on the strong performance Putnam Investments funds delivered across a wide variety of asset types in 2008, the annual Lipper/Barrons Fund Families Survey has selected Putnam as the No. 1 mutual fund family of 61 offerings.
February 2 -
Financial Network, Primevest and Multi-Financial score key technology and compliance funding in Marron deal.
February 1 -
Based on the strong performance Putnam Investments’ funds delivered across a wide variety of asset types in 2008, the annual Lipper/Barron’s Fund Families Survey has selected Putnam as the No. 1 mutual fund family of 61 offerings.
February 1 -
Advisor confidence in the economy and the stock market rose in January, according to Rydex SGI AdvisorBenchmarking.
February 1 -
Macquarie Group has launched the Macquarie Mexican Infrastructure Fund, with approximately $5.2 billion in initial commitments from Mexican pension funds, Macquarie and Mexico’s National Infrastructure Fund, the latter of which, as a cornerstone investor in the fund, has made an initial commitment of $1.04 billion to $3 billion.
February 1 -
Waddell & Reed earned $33.3 million, or 39 cents a share, in the fourth quarter, an impressive turnaround from the $730,000, or 1 cent a share, it lost in the last quarter of 2008.
February 1 -
After plummeting 46.63% in 2008, real estate mutual funds outpaced the S&P 500 by seven percentage points in 2009, delivering an average of 30.34%. This year, however, managers of these funds expect only modest, single-digit gains.
February 1
