- Money Management Executive
The Cornerstone Funds group in New York was looking forward to starting the year off with a trio of newly-hired service providers. The goal was to slash costs.
February 7 - Money Management Executive
AIM Management Group of Houston, Texas has built a private section of its website catering to the needs of back office personnel at broker/dealer firms that sell AIM mutual funds.
January 31 - Money Management Executive
Julius Baer Multistock Funds of Zurich, a 50-year-old investment adviser with more than $70 billion in assets, has filed a registration statement with the SEC to offer its third Swiss Franc/Euro-denominated fund in the U.S.
January 31 - Money Management Executive
Fidelity Investments of Boston is reshuffling its top management after two senior executives announced plans to leave the firm.
January 31 -
John Hancock Funds of Boston, has teamed up with Standard & Poor's of New York to provide retirement services to more than 1,000 companies nationwide.
January 31 - Money Management Executive
DST Systems of Kansas City, Mo. and an online technology firm are offering a new service they say will make it easier for fund companies to reach intermediaries over the Internet with up-to-date shareholder information.
January 31 - Money Management Executive
J. & W. Seligman & Co. of New York is terminating the sub-advisory agreement it now has with Henderson Investment Management Ltd. of London on four of the five funds co-managed as the Seligman Henderson Global Fund Series.
January 31 -
Federated Investors of Pittsburgh, Pa. has purchased InvestLink Technologies from United Asset Management Corp. of Boston. InvestLink of New York is a software developer and marketer of systems for the record-keeping, administration and servicing of defined contribution plans. Terms of the sale were not disclosed.
January 31 - Money Management Executive
Ruth Burgess has been named senior vice president and chief compliance officer at INVEST Financial Corp. and Investment Centers of America, a third-party mutual fund marketing firm based in Tampa, Fla. Burgess was previously vice president and director of compliance at Firstar Investment Services of Milwaukee, Wis.
January 31 -
The mutual fund world can expect to hear and read a lot more in the next few weeks about the independence of mutual fund directors, thanks to several events.
January 31