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Although credit markets are improving, money market funds are struggling to deliver positive returns, and as a result, since late last year, nearly all money funds, perhaps as many as 90%, have been waiving fees to avoid breaking the buck, The Wall Street Journal reports.
June 2 -
Credit Suisse has formed an investment strategies and solutions group, to be led by David Russ, the former chief investment officer of Dartmouth Colleges office of investments. The division will collaborate with the institutional distribution team.
June 2 -
Fidelity Investments promoted Abigail Johnson to chairman of the board of directors overseeing fixed income and asset allocation funds, yet another indication of the firms intention to eventually name the younger Johnson successor to her father, Edward C. Ned Johnson III, 78, as head of the company.
June 2 -
Invesco, manager of the Aim and PowerShares families of mutual funds, has launched the Aim Balanced-Risk Allocation Fund, an international balanced fund. Via derivatives, it will invest 60% of its assets in fixed income, 20% in equities and 20% in commodities.
June 2 -
From recommending different products to rethinking their risk management strategy, some financial advisers say they have changed their approach in the wake of last year's market slump.
June 2 -
Connecticut lawmakers in the House of Representatives are expected to pass a hedge fund transparency bill, possibly ending the states days as a hedge fund haven, The Wall Street Journal reports.
June 1 -
Federated Investments has acquired two mutual funds from Touchstone Advisors, the Touchstone Value Opportunities Fund and the Touchstone Diversified Small Cap Value Fund. Combined, the two funds have $233 million in assets. And they will be folded into the Federated Clover Value Fund and the Federated Clover Small Value Fund, respectively.
June 1 -
In an interview with the Newark Star-Ledger, AARP CEO A. Barry Rand said he is intent on alleviating the shock and pain that is causing some people to believe its no longer possible to achieve the American dream.
June 1 -
Only 33% of parents are investing in college savings 529 plans, and only 20% of households earning $150,000 or more are taking advantage of them, according to a Gallup survey commissioned by Sallie Mae.
June 1 -