- Money Management Executive
Bank of America is reducing the number of firms it contracts with for mutual fund back-office, and PFPC will be cutting 80 jobs as a result, reports the Charlotte Observer.
March 11 - Money Management Executive
In the latest development in a number of civil lawsuits nationwide, where mutual fund investors are alleging that several mutual fund companies allowed improper trading in funds, a federal judge lifted the ban on plaintiffs from using documents that would help them build their case against the companies, according to The Associated Press.
March 11 - Money Management Executive
Regulators continue to hammer away at Putnam, this time over potential conflicts of interest arising from its multiple role as investment adviser, retirement plan servicer and employer, parent company Marsh & McLennan indicated in its 2004 annual financial report filed Wednesday.
March 11 - Money Management Executive
MarketWatch recently profiled five promising mutual fund managers who have been at their jobs for roughly one year.
March 10 - Money Management Executive
Two new mutual funds that track the rise and fall of the dollar are becoming more popular, according to Dow Jones. ProFund Advisers LLC recently launched the Rising U.S. Dollar ProFund and the Falling U.S. Dollar ProFund. Together, these funds are among the first mutual funds that invest in currencies.
March 10 - Money Management Executive
Investors clearly want a piece of the China pie. And, they're rushing in to get it. The only difference is that they're now directly investing in Chinese companies listed on the exchanges in Hong Kong and Singapore, and the less-regulated exchanges in Shanghai and Shenzhen, according to The Wall Street Journal.
March 10 - Money Management Executive
Exchange-traded shares of three Vanguard international index funds will begin trading this morning on the American Stock Exchange.
March 10 - Money Management Executive
Speaking before the Senate Banking Committee Wednesday, SEC Chairman William Donaldson vowed to adopt further mutual fund reforms, most notably in the areas of trading costs, soft dollars, 12b-1 fees and fund fee and trading cost disclosure.
March 10 - Money Management Executive
AIG-Huatai Fund Management Co. Ltd., a Shanghai-based joint venture between AIG Global Investment Corp. and Huatai Securities Co., sold its first mutual fund in China on Monday, according to China Daily.
March 9 - Money Management Executive
Lipper announced Tuesday that it has entered into an agreement to purchase HedgeWorld and the TASS Research database business, two highly regarded hedge fund research tools.
March 9