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Van Kampen has hired Elizabeth Hughes Eginton as managing director, head of product and marketing. In this new position at the firm, Eginton will report to President and CEO Jerry Miller.
February 11 -
Debra Ryan, the longtime girlfriend of Samuel Israel III, who was found guilty of swindling Bayou Management hedge fund investors out of more than $400 million, pled guilty Tuesday to aiding and abetting the Israel when he was a fugitive.
February 10 -
The economic turmoil has prompted smaller employers who previously hadnt considered setting up a 401(k) plan to do so in light of the beaten down values, The Wall Street Journal reports.
February 10 -
Fidelity Investments is shaking up its stable of portfolio managers who delivered disappointing returns in 2008, The Wall Street Journal reports. In recent weeks, one manager has left the company, two were demoted to analyst and Fidelity is currently trying to reassign two others.
February 9 -
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Mutual fund prospectus provider NewRiver is suing Morningstar for using Internet espionage to steal information from its patent-protected system.
February 9 -
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Financial planners are spending a lot of time these days trying to allay their clients' fears. Anyone who works with a financial adviser most likely has money in the stock market and, therefore, has experienced steep losses in the past year.
February 9 -
Infrastructure funds may have been building interest ever since President Barack Obama announced his commitment to rebuilding America's infrastructure, but the managers of the First American Global Infrastructure fund have been laying the groundwork for years.
February 9 -
Defined contribution plans have been hammered by dropping equity markets, and this chain of losses has caused a ripple effect throughout the fund management industry.
February 9