- Money Management Executive
After months of clamoring for a divorce from its equity fund affiliates, Bill Gross finally got his wish.
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It's official. In a highly anticipated move, the Securities and Exchange Commission voted 3-2 in favor of requiring hedge fund managers to register as investment advisors with the agency last week.
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- Money Management Executive
For its one-year-old Chinese mutual fund venture, ABN AMRO has set its sights on tripling its assets by the end of next year. Just one month after it got the okay to put $75 million into Chinese stocks and bonds, the Netherlands-based company could soon jump into the No. 2 spot in China behind Allianz. Tripling its assets would bring its total to $1.3 billion.
November 1 - Money Management Executive
Mutual fund research giant Lipper has purchased Fitzrovia International for an undisclosed amount of money. Fitzrovia, considered Lipper's equivalent in London, specializes in the analysis of non-U.S. funds' total expense ratios. In a statement, Lipper said it can now "provide clients with a truly global fund expense and data service in its software, datafeed and consulting products." As part of the agreement, Lipper said that although Fitzrovia's existing operations will grow, the company will retain its name and it will continue operating as a stand-alone division.
November 1 - Money Management Executive
Phoenix Hires Walsh to Fill Newly Created Position
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NEW YORK -- Some fund investors have lost that loving feeling.
November 1 - Money Management Executive
NEW YORK -- One of the hottest investment markets is getting ready to add even more sizzle, as new and unique exchange-traded funds (ETFs), some currently in SEC registration and still under regulatory scrutiny, are expected to roll out shortly.
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The Securities and Exchange Commission's ban on funds directing trades to brokers in exchange for shelf space, or directed brokerage, has mutual fund companies scurrying for new ways to compensate distributors.
November 1 - Money Management Executive
Mutual fund giant The Vanguard Group on Friday said it plans to add a Harvard professor as an independent member of its board of directors and the board of trustees of its 128 funds.
November 1