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Until now, the low-end separately managed account marketplace has seemed a bit like a Baskin-Robbins shop where you could get everything but vanilla. But if Kevin Carter has his way, the SMA industry could soon be getting a long-awaited 32nd flavor: index funds.
February 9 -
NEW YORK -- Donald A. Yacktman, the president and chief investment officer of Yacktman Asset Management in Buffalo Grove, Ill., is no stranger to heated boardroom battles, and as the great bull run of the 1990s was reaching its heights, he made headlines as a result.
February 9 - Money Management Executive
Janus Capital Group, the maligned fund giant, reported higher earnings for the fourth quarter, but its assets under management growth lagged its peers due to its involvement in the scandal, the company reports.
February 6 - Money Management Executive
The worldwide mutual fund industry reached $12.83 trillion in assets, a 4% improvement from the previous quarter, according to the Investment Company Institutes third quarter numbers.
February 6 - Money Management Executive
State and federal regulators announced Thursday a $350 million settlement with Massachusetts Financial Services to resolve charges that it knowingly allowed preferred customers to market time ten of its mutual funds.
February 6 - Money Management Executive
Canadian Imperial Bank of Commerce said on Thursday that David Kassie, Chairman and CEO of the banks CIBC World Markets unit, has left the firm and has been replaced by Gerry McCaughey, Vice Chair of Wealth Management at the firm.
February 6 - Money Management Executive
Alliance Capital reached a settlement with New York State Attorney General Eliot Spitzer and the SEC in December, and a little less than two months later, Morningstar is pulling its "consider selling" label from the fund group.
February 6 - Money Management Executive
The portfolio that invests based on the bibles good word has some new encouraging numbers and new vice president.
February 5 - Money Management Executive
SunTrust Banks has turned the ignition key on a Motorsports Private Banking Group to develop business with race car drivers and team owners.
February 5 - Money Management Executive
MFS Investment Management is likely to settle securities fraud charges today, Reuters reports. Lower fees and fines totaling $350 million, plus the suspension of two top executives, including CEO John Ballen, are part of the deal, according to the report.
February 5