- Money Management Executive
Fidelity Investments has declined to back Abigail Johnson for the company's succession. The news comes on the heels of reports last week that she transferred some of her stock to family trusts.
November 1 - Money Management Executive
Robert E. Stansky, manager of the Fidelity Magellan Fund, is retiring after 22 years at the firm and nearly a decade at the helm of its largest fund, Fidelity Investments announced Monday.
November 1 - Money Management Executive
In what is perhaps a further indication of its desire to play the role of detective rather than traffic cop, the Securities and Exchange Commission has tapped a pair of proven litigators to help lead its division of enforcement.
October 31 - Money Management Executive
Although Baby Boomers may think a large inheritance will boost their retirement savings - with an estimated $45 trillion to be bequeathed over the next five years - they may be sorely disappointed, The Wall Street Journal reports.
October 31 - Money Management Executive
The Securities and Exchange Commission is looking into whether traders at Fidelity Investments asked brokerage firms to adjust trades to affect their performance, the New York Post reports.
October 31 - Money Management Executive
The Texas State Employee Retirement System is suing Putnam Investments, its former mutual fund adviser, for fraud, demanding the recovery of million of dollars in fees, the Austin American Statesman reports.
October 31 - Money Management Executive
Abigail P. Johnson has trimmed her voting stake in Boston fund giant Fidelity Investments, a move that has raised speculation over whether she remains next in line to lead the family firm.
October 31 - Money Management Executive
Securities and Exchange Commission attorneys recently filed a legal brief arguing that that SEC's pending requirement that mutual funds be chaired by independent chairmen is an appropriate action.
October 31 - Money Management Executive
AUSTIN, Texas - The mutual fund industry has its first full year of the new compliance era under its belt, but a host of questions remain unanswered.
October 31 - Money Management Executive
Questions having to do with compromising best execution of trades and paying above-average trading commissions in exchange for the receipt of soft dollars - be it research, equipment, software or other goods and services - have prompted the Securities and Exchange Commission to propose new guidelines with respect to the safe harbor on soft-dollar practices.
October 31