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Henderson Global Investors, the $123.6 billion investment management company, announced the Feb. 11 reopening of its flagship European Focus Fund to new investors.
February 7 -
Average investors are getting cheated out of thousands of dollars in earnings for their 401(k) plans by hidden fees and expenses, according to Bloomberg.
February 6 -
Specialist fund groups and niche advisers will trump larger asset managers and consultants in the institutional marketplace of the future, according to the Financial Times.
February 6 -
MFS Investment Management has launched a new fund, the MFS Diversified Target Return Fund.
February 6 -
In lockstep with a broadened direction by insurance firms to strip off the complex bells-and-whistles riders and bonuses of the recent past and to issue packaged retirement income solutions-and meet the demands of the new buzzword: decumulation-the other publication I edit, Annuity Market News just relaunched on Friday as Retirement Income Reporter.
February 5
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Fidelity Investments announced that it plans to lay off about 250 employees as part of a restructuring of some of its units.
February 5 -
Scotia Securities Inc. said today it will expand the lineup of its Scotia Funds with the introduction of a new class of funds to be called the ScotiaFunds Advisor Class.
February 5 -
Money market mutual funds that put cash into investments tied to the mortgage crisis and subprime debt saw huge gains last year, growing by more than 30% to $3 trillion, according to the South Florida Sun-Sentinel.
February 5 -
The number of brokers and financial advisors considering switching to another firm is expected to nearly double in 2008, up to 9% from 5% in 2007, according to a study released Monday.
February 5 -
Weekly reporting municipal bond mutual funds had a net inflow of $468 million during the period ending Jan. 30, AMG Data Services reported. The results were down slightly from a $513 million inflow the previous week, but represent the fourth week of inflows following eight straight weeks of outflows, according to the Arcata, Calif.-based fund tracker. The category represents about 73% of all muni bond funds because it excludes those that report monthly.
February 5