Money Management Executive Latest News

Berger Funds of Denver, Colo. has launched an unusual print advertising campaign that warns investors not to expect repeat performances of 100 percent-plus returns that several of the Berger funds enjoyed in 1999.

Within the next year, the mutual fund industry can expect to see a new share class attached to some equity funds that allows them to be traded throughout the day and includes features common to exchange-traded funds, according to executives in the mutual fund industry.

Maryland's highest court last week dealt a setback to that state's legislature and the mutual fund industry in the ongoing fight over what makes a mutual fund director independent.

Fremont Investment Advisors of San Francisco on March 10 closed the Fremont U.S. Micro-Cap Fund to new investors. The fund has over $1 billion in assets under management.

SEC officials last week outlined a rule proposal on how mutual funds should report their after-tax returns.

As the SEC moves closer to adopting online security and privacy regulations, several fund companies are having their websites evaluated, audited and certified to insure they are compliant with regulations and to ease investors' concerns regarding online privacy, fund executives said.

Fit can be as important as knowledge when it comes to doing a job well. The trouble is, it can be tough to evaluate how a prospective employee will fit into an organization based on an interview.

The SEC has said that there is little cause for further concern over Y2K.

NEW YORK - Amerindo Investment Advisors of New York plans to launch two new technology-related mutual funds, as well as a clone of its flagship Amerindo Technology Fund.

OppenheimerFunds of New York believes the key to capturing attention is keeping its message fresh. The fund advisory firm, with total assets under management of more than $120 billion, plans to launch new advertisements in keeping with its two-year-old "hands" TV ad campaign.