- Money Management Executive
The rapidly growing exchange-traded funds shop PowerShares Capital Management has been scooped up by Amvescap in a deal that industry insiders characterize as unusual.
January 25 - Money Management Executive
he ongoing investigation into alleged market tampering at Livedoor Co. is having an effect on mutual funds specializing in Japan, The Wall Street Journal reports. Although funds were not, at first, expected to be affected by investigations into this one company, two-thirds of Livedoor's market capitalization has been wiped out and investors in Japan have resorted to panic selling. The sell-off could even become more severe, following the arrest of the company's CEO Takafumi Horie Monday night.
January 25 - Money Management Executive
Fuming over stories of drugs, prostitutes and so-called "party dwarves" charged as corporate giveaways for Fidelity traders, NASD and the New York Stock Exchange announced new rules governing gift giving, according to Primedia Insight.
January 25 - Money Management Executive
The NASD is set to take disciplinary action against brokerage firm A.G.
January 24 - Money Management Executive
London-based fund manager Amvescap announced Monday that it will
January 24 - Money Management Executive
The latest Standard & Poor's Indices Versus Active Funds Scorecard
January 24 - Money Management Executive
Old Mutual Asset Managers has announced plans to start a statistical arbitrage hedge fund, which will mainly focus on European equities. The firm has also hired Paul Simpson and John Dow of Millennium Capital Management, according to a U.K. publishing group Citywire.
January 24 - Money Management Executive
American Funds is in second place amongst industry leaders, outdoing Fidelity and coming up close behind Vanguard. This repositioning of mutual fund giants illustrates a "seismic shift" that has been hitting the mutual fund industry, according to The Financial Times.
January 24 - Money Management Executive
ETFs - the new kids on the block - have really made a head way into the financial market as SMAs, hedge funds, mutual funds and 401(k) plans each offer them. Now, it looks as though the rookie funds are making their debut into variable annuities as well, according to The Wall Street Journal.
January 23 - Money Management Executive
Investment bank Morgan Stanley is said to be negotiating to buy a controlling share of BlackRock, a New York-based institutional money manager controlling over $427.8 billion in assets, according to Reuters.
January 23