Money Management Executive Latest News

Amidex Funds Inc., a small Pennsylvania fund family, is preparing a personal security and national defense fund in an attempt to benefit from the spike in interest about defense and security products.

Following in the footsteps of Zurich Scudder and other no-load shops who have defected from the direct sales channel, Credit Suisse Asset Management announced last week that it will begin selling all of its no-load mutual funds as load products, marketing them under one brand, Credit Suisse Funds.

During a time of plummeting assets and steep budget declines, mutual fund companies spent a total of $6.3 million on advertising related to the terrorist attacks of Sept. 11, a New York research firm said last week.

The events of Sept. 11 confirmed uncertainty about the future of the economy, precipitating a recent spate of wholesaler layoffs. Is this a trend?

It's separately managed account mania. In the past month alone, three different studies examining managed acount products and prognosticating their impact on the fund world were issued by industry consultants.

Now that the U.S. government has said it will discontinue issuing 30-year bonds, what impact will this have on those mutual funds that invest predominantly in U.S. government long bond securities?

This issue represents the culmination of a series of changes that we've been making to the print publication over the past several months in an effort to bring you a more insightful and informative newsletter.

More than a year ago, in what would become a bitter trademark battle, McGraw-Hill Cos. sued the Vanguard Group over the use of the Standard and Poor's trademark.

Hedge funds may turn out to be a greater competitor to mutual funds than most people expected. While hedge funds are extremely risky vehicles that do not appeal to investors who are interested in safer products, funds of hedge funds offer some of the advantages of hedge funds with an enormous reduction of risk. Although the number of funds of funds is relatively small right now, it's growing, and may soon capture a lot of assets that ordinarily would have gone to mutual funds, say industry observers.

The fund wholesaler is a bit of a sacred cow in the fund industry. After all, what firm wants to eliminate positions that drive sales?