- Money Management Executive
Bear Sterns Cos. has disclosed that it faces a possible enforcement action by the Securities and Exchange Commission because of improper mutual fund trading, Reuters reports.
June 23 - Money Management Executive
Envision Financial Systems, a software provider for mutual funds, has announced that it is expecting to complete Carnegie Mellon Software Engendering Institute's (SEI) level 4 (quantitatively managed) requirements for Capability Maturity Model Integration (CMMI) by the end of the year. This will make the company the first to reach this high certification level among all transfer agency systems.
June 23 - Money Management Executive
The Securities and Exchange Commission yesterday scheduled a vote for this coming Wednesday, June 29, on the highly controversial mutual fund governance rule that is likely to end Chairman William Donaldson's tenure on a sour note, Reuters reports.
June 23 - Money Management Executive
Following an aggressive campaign of well-reported wooing from E-Trade Financial Corp., Ameritrade Holding Corp. has now made a match with rival TD Waterhouse. TD Waterhouse, which is owned by Toronto-Dominion Bank, will become part of Ameritrade in an all-stock deal valued by the companies at $2.9 billion.
June 23 - Money Management Executive
Pomona Capital announced Tuesday that it has closed its fourth "primary" fund-of-funds to new investors after blowing away its target of $200 million.
June 22 - Money Management Executive
Back-office financial services provider SunGard plans to launch a new product that will combine its Synapse and BrokerAudit services.
June 22 - Money Management Executive
Barclays Global Investors, the largest provider of exchange-traded funds (ETFs), said in a recent regulatory filing with the Securities and Exchange Commission that it seeks approval for a new ETF tracking silver, The Wall Street Journal reports
June 22 - Money Management Executive
Fidelity Investments, the nation's third-largest mutual fund company, on Tuesday named William C. Carey president of its brokerage arm Fidelity Registered Investment Advisor Group.
June 22 - Money Management Executive
A federal appeals court on Tuesday ordered the Securities and Exchange Commission to take another look at its rule requiring greater independence among mutual fund trustees.
June 22 - Money Management Executive
Waddell & Reed Financial Monday said Michael L. Avery has been promoted to senior vice president and chief investment officer. In addition, Avery was also appointed executive vice president and chief investment officer of subsidiaries Waddell & Reed Investment Management Co. and Ivy Investment Management Co.
June 21