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Hennessy Advisors has signed a definitive agreement to acquire the assets of two Japan funds with a combined $65 million in assets, the SPARX Japan Fund and the SPARX Japan Smaller Companies Fund.
July 8 -
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To realize better synergies between people in its personal and workplace investing divisions, Fidelity is reshuffling about 1,000 staff members in four locations.
July 2 -
After postponing his retirement following the sale of Putnam Investments to Power Financial two years ago, Charles "Ed" Haldeman has stepped down from his positions as chairman of Putnam Investment Management, president of the Putnam Funds and member of Putnam Funds' board of trustees, Putnam said Tuesday.
June 30 -
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As fund companies continue to look to streamline their operations to cut costs, even with the market recently rising, they will most likely merge additional funds, experts say. Some, particularly asset managers held by banks, will look to be sold.
June 19 -
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State Street Corp. and Vanguard Group are reeling at the annoucement of BlackRock Global Investors, the $13.5 billion merger between BlackRock and Barclays's asset management arm.
June 11 -
BlackRock is reportedly the lead bidder for Barclays fund unit, and could pay more than $12 billion for the company, which has $1.5 trillion under management. BlackRock manages $2.81 trillion.
June 9