- Money Management Executive
Bain Capital, Blackstone Group and Texas Pacific Group met with New York Stock Exchange Chairman John Thain in June to propose that the three private-equity firms take out a stake in NYSE, the Big Board reveals in a regulatory filing in connection with its planned merger with Archipelago Holdings Inc.
October 26 - Money Management Executive
U.S. investment companies are boosting technology investments after years of slow growth, CMP TechWeb reports, citing data from TowerGroup.
October 26 - Money Management Executive
AUSTIN - Karen Becker has met the "new" Securities and Exchange Commission, and she says it's a more thorough, more knowledgeable regulator than it was prior to the scandal.
October 26 - Money Management Executive
T. Rowe Price Group announced Monday that James S Riepe, vice chairman, plans to retire from the firm at the end of this year, and that Edward C. Bernard will be his replacement.
October 25 - Money Management Executive
The American Stock Exchange is considering going public to compete with listed opponents and raise money, Financial News Online reports.
October 25 - Money Management Executive
Securities and Exchange Commission attorneys filed a legal brief late Friday arguing that that SEC's pending requirement that mutual fund be chaired by independent outsiders, was an appropriate action.
October 25 - Money Management Executive
Citigroup is having trouble convincing mutual fund shareholders to approve its swap with Legg Mason Inc., The Baltimore Sun reports. The $3.7 million deal will remake Legg Mason into the fifth-largest money manager worldwide, while Citigroup, which is transferring $437 billion worth of assets to Legg Mason, will get its brokerage business.
October 25 - Money Management Executive
Fidelity Investments' efforts since May to improve, attract more assets and once again become the No. 1 fund company in the nation, seem to be working, Reuters reports.
October 25 - Money Management Executive
AUSTIN - Daniel F.C. Crowley, chief government affairs officer for the Investment Company Institute in Washington, reported on Monday that the investor-friendly GROWTH Act is gaining momentum in Congress, but factors outside the mutual fund industry's control could postpone action on the capital gains tax relief bill.
October 25 - Money Management Executive
Interactive Brokerage Group has submitted a bid to buy the Refco's regulated futures-trading arm that is higher than the one offered by private equity fund J.C. Flowers & CO. and a group of investors, The Wall Street Journa reports.
October 24