- Money Management Executive
Bear Stearns is investigating whether top executives in its private-client brokerage unit approved improper mutual fund trades, Bloomberg News reports.
October 13 - Money Management Executive
Janus Capital is off the schneid.
October 13 - Money Management Executive
Brokerage powerhouses are increasingly promoting new approaches for investors to access low-cost exchange-traded funds as an alternative to ordinary mutual funds, The Wall Street Journal reports.
October 13 - Money Management Executive
Because of the added costs that would be tacked onto mutual funds, a rule mandating independent board chairmen is a bad idea, the U.S. Chamber of Commerce said Thursday, The Wall Street Journal reports.
October 12 - Money Management Executive
Even at a time where the mutual fund industry is trying to shake itself from the scandal, companies are still finding it hard to vote against excessive pay packages for executives.
October 12 - Money Management Executive
Finally, Invesco and sister company AIM Advisors have settled their market-timing charges with the Securities and Exchange Commission.
October 12 - Money Management Executive
Invesco UK, the London-based subsidiary of Amvescap, said Friday that CEO Robert Hain has left the company.
October 12 - Money Management Executive
The NASD has fined Montpelier, Vt.-based Sentinel Financial Services Company $700,000 and censured it for not doing enough to stop market timing in its funds.
October 12 -
In its initial probe of four top Canadian mutual fund firms, the Ontario Securities Commission announced that market timing did not take place. The OSC also investigated CI Mutual Funds, AIC Ltd., AGF Fund Management and Investors Group for late trading and found no instance of that, either.
October 11 - Money Management Executive
Amvescap continues to phase out the Invesco brand, as it recently cut 26 jobs, including four fund managers, at the beleaguered fund shop's offices at the Denver Tech Center.
October 11