- Money Management Executive
As a result of expanding business, T. Rowe Price will build two new offices totaling 40,000 square feet at its existing campus in Owings Millis, Md., to accommodate 1,400 additional workers. They will be built on a 38-acre site T. Rowe acquired.
October 22 - Money Management Executive
David Corkins, manager of five Janus funds, including the flagship Janus Fund, and a 12-year veteran of the firm, will be leaving by the end of the month to pursue other opportunities, the company announced Friday. Jonathan Coleman, manager of the Janus Enterprise Fund an a co-chief investment officer at the firm, will take over the funds for Corkins.
October 22 - Money Management Executive
Massachusetts’ securities regulator has joined other regulators in investigating whether executives at Bear Stearns traded at fair prices in the two hedge funds that recently failed without informing other investors, Reuters reports.
October 22 -
When Charles Schwab and Ariel Mutual Funds conducted their first annual Black Investor Survey at the premier Ariel-Schwab Black Investor Summit a decade ago, 57% of Blacks said they owned stocks or mutual funds. Today, that number remains the same. However, in 2002, it peaked at 74%, while in the past 10 years, the number of Whites who own stocks or mutual funds has hovered around 80%.
October 22 -
Like death and taxes for the rest of us, Securities and Exchange Commission oversight will always be a concern for the mutual fund industry.
October 22 -
Swedish Export Credit Corp., a Stockholm, Sweden-based state-owned firm, is gearing up to participate in an offering of as much as $1 billion in four new exchange-traded notes (ETNs) that will track to four lesser-known commodity indexes.
October 22 -
While most 401(k) investors hardly give a thought to employer matches-and even employers usually don't promote them heavily to employees-an innovative investment solution from Barclays Global Investors of San Francisco specifically designed for company matches might finally generate some interest in this neglected company perk.
October 22 -
Hedge funds in Europe have just proposed that they self-police, in an attempt to ward off regulation. They are offering to volunteer information about their holdings, risk management, governance and valuation techniques.
October 22 -
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