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Investors dramatically cut the amount of new money they put into hedge funds, Reuters said.
February 7 -
Tom Eggers, CEO and president of The Dreyfus Corporation, has elected to retire.
February 7 -
The F&C Enhanced Alpha UK Equity Fund, one of the first so-called 130/30 funds to focus on UK equities, has reported its sixth consecutive month of beating the market since it was launched in August last year.
February 7 -
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 -
High-ranking Wachovia bank executives knew about fraudulent and deceptive practices by one of its telemarketing firms, but continued to provide services to them anyway, The New York Times writes.
February 6 -
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 - Money Management Executive
Advent Software Inc., a provider of software and solutions for the global investment management industry, announced that Fulcrum Group has implemented Geneva, its portfolio management and fund accounting solution.
February 6 - Money Management Executive
Financial services company Scotia Bank has launched the Scotia Global Climate Change Fund, in Canada, which is designed for investors who are looking for exposure to environmentally responsible companies, without compromising on returns.
February 6