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Fidelity Investments' institutional wealth management arm is ratcheting up its pursuit of investment advisers and wealth managers who want to run their own shops.
October 6 -
Prime institutional money market fund assets rose for the first time since Sept. 9 last Thursday, by $2.96 billion to $652.6 billion, according to Crane Data.
October 3 -
Citing restrictions on short selling, credit and liquidity as drains on hedge funds in September, as many decided, instead, to sit on significant cash balances, Hennessee Groups performance report for the month the average funds performance was the worst in a decade, with funds losing between 5% and 9%.
October 3 -
Lazard Asset Management has launched an emerging markets fund, the Lazard Developing Markets Equity Portfolio, which will use a bottom-up stock selection process and which the company is offering to investors as an alternative to value and emerging-markets funds.
October 3 -
WASHINGTONThe House reversed Monday's rejection of a bill to stabilize the financial markets approving the measure on Friday with a vote of 263 to 171.
October 3 -
Reserve Management has shut down its U.S. Government Fund, the second fund it has liquidated, and has given no indication yet of when investors can expect their money to be returned.
October 3 -
Money market mutual fund assets rose $12.39 billion for the week ending Tuesday as investors regained confidence in the funds, according to the Money Fund Report, published by iMoneyNet Inc.
October 2 -
Total retirement assets in the U.S. fell 5.2% during the first quarter of 2008, from $18.0 trillion to $17.1 trillion, according to the Investment Company Institute.
October 2 -
Morningstar announced Thursday is has acquired Fundamental Data Ltd. of the UK, a closed-end fund data provider based in London, for $19 million, subject to post-closing adjustments.
October 2 - Money Management Executive
Community bankers are spending more than ever on technology, according to survey published Wednesday, and their biggest concerns are data security and compliance.Though they acknowledge the importance of those tasks, the bankers also said they are keeping them from doing what they really want to do: Improve customer service through offerings such as mobile banking.
October 2