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MutualFunds.com of Boston is selling its domain name. The sale is part of a reorganization of the Internet start-up, which was originally founded as a mutual fund site to provide a wide variety of services to the industry, according to Abe Gorelick, senior vice president of marketing at MutualFunds.com. The 20-person company will now focus on providing online education and training for the financial services industry.
October 9 - Money Management Executive
State Street Global Advisors of New York is planning to introduce ten exchange-traded funds, according to a Sept. 25 SEC filing. It was to begin trading seven of these funds on the American Stock Exchange last week, the company announced.
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Acorn Investment Trust, a series of five no-load funds were to become load funds Sept. 29, at the same time the sale of the funds' advisor, Wanger Asset Management of Chicago, to Liberty Financial of Boston was to close, said Marilyn Morrison, a spokesperson for Wanger Asset Management.
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Two fund groups whose advisers are owned by Irish Allied Bank of Dublin, Ireland have merged. Four funds offered by Govett Funds of San Francisco have been merged into four funds offered by ARK Funds of Oaks, Pa., the companies announced last week.
October 2 - Money Management Executive
American Express Financial Corporation of Minneapolis, Minn. is jointly developing and distributing mutual funds and annuity products with FleetBostion Financial of Boston as part of a strategic alliance between the two firms, American Express has announced.
October 2 - Money Management Executive
Steven Goodbarn, the chief financial officer of Janus Capital Corporation of Denver, resigned Sept. 22, according to Jane Ingalls, a company spokesperson.
October 2 - Money Management Executive
James Stowers III, has stepped down as CEO of American Century Investments of Kansas City, Mo., the company has announced. He will be co-chairman of American Century Companies with his father, James Stowers Jr., the company's founder. Stowers lll will also remain on the portfolio management teams for the American Century Ultra and Veedot funds.
October 2 - Money Management Executive
Janet Whitehouse has joined Sun Life Financial of Toronto as vice president for strategic initiatives. Previously, Whitehouse was senior vice president at Duncanson & Holt, a subsidiary of UNUM Corporation of Portland, Maine.
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Mutual fund firms are considering offering hedge funds and related products in order to prevent portfolio managers from leaving to work for existing hedge funds, said industry executives.
October 2 - Money Management Executive
CHICAGO - If fund and insurance companies want to hold onto customers' money, they need to amply compensate wholesalers, internal salespeople and customer phone representatives.
October 2