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The competition for index fund assets will be heating up in the next few months.
January 3 - Money Management Executive
Kurt Schoknecht has been named head of ACM Offshore, the offshore mutual fund division of Alliance Capital Management of New York. Schoknecht was previously senior vice president of offshore funds strategic business development at Alliance. ACM Offshore currently has $23 billion in offshore assets under management.
January 3 -
Warning: A large diet of initial public offerings may be hazardous to your investment health.
January 3 - Money Management Executive
A bold new Internet fund may take shareholder activism to a new level. The Allied Owners Action Fund sponsored by Privateer Asset Management, a start-up investment adviser in New York, is set to be introduced, pending SEC approval.
January 3 - Money Management Executive
Welcome to the new millennium!
January 3 - Money Management Executive
Mutual fund companies aspiring to expand abroad could do so by offering potential partners record-keeping services, according to speakers at a recent conference.
January 3 -
The SEC is prepared to look back before Dec. 8 to sue mutual fund companies if the agency finds apparent violations of the pricing policies outlined in a letter the agency issued last month.
January 3 - Money Management Executive
IBJ Funds Trust, the proprietary fund family of IBJ Whitehall Bank & Trust Company in New York, is asking investors to approve a management fee increase and the installation of a 12b-1 distribution fee on three of its proprietary mutual funds. The changes pave the way for IBJ to sell its no-load funds in the future through financial intermediaries, such as broker/dealers and financial planners. The funds are currently sold directly to investors at net asset value and through Accutrade, an online and multimedia stock trading company, according to Morningstar of Chicago.
January 3 -
Hartford Life Insurance Company of Simsbury, Conn., is looking to the person who helped launch its proprietary mutual fund family to increase sales of the firm's funds and annuities to 401(k) plans.
January 3 - Money Management Executive
Key Asset Management, the investment advisory unit of KeyCorp of Cleveland, Ohio and adviser to the almost $20 billion Victory Funds group, has launched a new two-pronged ad campaign aimed at getting the until now low-profile investment adviser and its proprietary mutual fund group noticed.
January 3