- Money Management Executive
Financial printing giant Bowne & Co. of New York announced the death of James P. O'Neil, the company's president, COO and a member of its board of directors. O'Neil died Jan. 13 of a heart attack at the age of 55, the company said.
January 24 - Money Management Executive
Dalbar of Boston has announced its tenth annual service awards for mutual fund companies.
January 24 - Money Management Executive
Nvest, L.P. of Boston has broken out its Nvest Managed Account Services Company as a separate subsidiary in order to build sales through the broker/dealer and wrap channels, the company announced. Managed account services was previously part of Nvest Advisor Services.
January 24 - Money Management Executive
David Seymour has been appointed national industry director for investment management services of KPMG of New York. This practice is a unit of KPMG's financial services line of business. Seymour has been with the firm for 21 years and most recently has specialized in mutual funds.
January 24 -
After a string of successes in the courtroom through most of last year, the mutual fund industry suffered a setback recently in a federal class action lawsuit which contends that directors lost their independence by earning high pay for serving on multiple mutual fund boards.
January 24 -
Despite heightened awareness within the fund industry and increased scrutiny by the SEC of fund trustee independence, three newly-registered funds have, in recent months, placed individuals whose independence might be questioned, on their boards.
January 24 - Money Management Executive
Mutual fund advertisements are turning up outside of their usual venues in The Wall Street Journal, Forbes, Fortune and other publications largely catering to individual investors.
January 24 - Money Management Executive
The MetaMarkets.com Open Fund, a fund designed specifically for online investors, may become the latest fund to employ a relatively new concept in the mutual fund world - proxy solicitations sent via e-mail to fund shareholders.
January 24 - Money Management Executive
The Investment Company Institute is supporting a controversial rule proposal that would make it easier for broker/dealers to change how they sell their services.
January 24 -
The Investment Company Institute has recommended the SEC tweak proposed rules which would enable fund companies to send only one copy of a proxy statement to a household whose members own the same fund in more than one account.
January 24