- Money Management Executive
Twenty-five fund companies are currently testing new analytical fund software from Wiesenberger/Thomson Financial of Rockville, Md., the firm announced last week. Called FundEnterprise, the web-based software enables mutual fund marketers to conduct competitive analysis on 200 different factors for the 11,000 mutual funds in Wiesenberger's database.
October 30 - Money Management Executive
No-load firm T. Rowe Price of Baltimore has introduced a new service that offers investors advice and portfolio allocation recommendations for $250.
October 30 -
ABN AMRO Holdings of Amsterdam will acquire Alleghany Asset Management of Chicago for $825 million, the companies announced last week.
October 23 - Money Management Executive
Assets held in individually-managed accounts have increased by more than one-third so far this year, according to a survey of money managers and managed-account sponsors that the Money Management Institute of Washington released last week.
October 23 -
WASHINGTON - The SEC will adopt a rule by year-end requiring a fund's name reflect at least 80 percent of its holdings, Paul Roye, director of the SEC's division of investment management, told a symposium here Oct. 12.
October 23 -
In spite of requests to delay the implementation of Regulation Fair Disclosure, the Securities and Exchange Commission confirmed at press time that it would take effect on Oct. 23.
October 23 - Money Management Executive
The Golden Rainbow Fund, an $82 million balanced fund managed by James Investment Research of Alpha, Ohio, has cut the front-end sales commission on its class A shares from 5.75 percent to two percent, effective Oct. 10, according to an Oct. 11 fund prospectus amendment.
October 23 - Money Management Executive
NEW YORK - Fidelity has introduced 250 pages of web-based financial planning tools specifically designed for advisors' pre-retiree clients, as this market is steadily increasing, Fidelity executives said.
October 23 - Money Management Executive
Mark Rayford has been named chief operating officer of ProFund Advisors of Bethesda, Md., the investment adviser to the ProFunds family of mutual funds. Most recently, Rayford was director for operations and shareholder services for Frank Russell Investment Management of Tacoma, Wash., and was previously president of T. Rowe Price Services of Baltimore.
October 23 -
WASHINGTON D.C. - The prevailing industry stance that more frequent disclosure of fund holdings would only confuse investors is hurting the industry's reputation, according to several analysts and industry executives who spoke at a conference here last week on fund disclosure.
October 23