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New York Life Investment Management LLC of Parsippany, N.J., has announced that it will offer three new funds for institutional investors.
June 4 - Money Management Executive
Pacific Life Insurance Company of Newport, Calif. is adding 12 mutual funds to its line up of life insurance and annuity products, according to a preliminary proxy statement filed with the Securities and Exchange Commission.
June 4 - Money Management Executive
Waddell & Reed of Overland Park, Kan., will offer a new 529 college savings through the state of Arizona, the company has announced.
June 4 - Money Management Executive
The Principal Financial Group of Des Moines, Iowa announced that it filed a plan of demutualization with the Iowa insurance commissioner.
June 4 - Money Management Executive
Kelmoore Investment Company of Palo Alto, Calif., has added 13 new sales positions, including four new members to its internal sales force, the company announced.
June 4 - Money Management Executive
Valentina Dingle has been named vice president of marketing for Citizens Funds of Portsmouth, N.H. Previously, Dingle was a managing director at NewRiver of Andover, Mass. and vice president and market manager for the investment advisor group at Fidelity Investments of Boston.
June 4 -
By issuing exchange-traded shares of the Vanguard Total Stock Market Index Fund last Thursday, the Vanguard Group of Malvern, Pa. may have compromised its brand name and reputation of being a product innovator, not a product marketer, according to some industry observers.
June 4 - Money Management Executive
The Securities and Exchange Commission has adopted much of what the Investment Company Institute of Washington, D.C. had requested in its final rule for electronic record-keeping by investment companies and advisers. The rule, which the SEC released on May 25, went into effect last Thursday.
June 4 - Money Management Executive
After a record number of cross-border joint ventures between fund managers was announced in 1999, the number was cut in half in 2000, according to Cerulli Associates of Boston. Twenty-six joint ventures were announced in 1999, and it is unlikely that there will again be such a high number, according to Cerulli. Thirteen were announced in 2000, Cerulli said.
June 4 - Money Management Executive
Last year, Dave Nadig proposed what turned out to be a radical idea during a meeting of the Investment Company Institute's SEC rules committee.
June 4