- Money Management Executive
Seventeen years ago, the fellow running the $44 billion Fidelity Magellan fund, Jeffrey Vinik, found himself touting his favorite technology investments in what most pickers of stocks would consider an outlet they would never set foot in.
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Equity mutual funds are experiencing a resurgence in the first month of the new year. But investors continue to pour money into bond funds, as interest-rates remain low fpr the foreseeable future
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Insurer Symetra is making wholesale changes to its Mutual Funds Trust.
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Equinox Financial Group is following up on its recent acquisition of Tapestry Asset Management, a hedge fund shop, by launching a long/short fund with Princeton, NJ-based Tapestry as the subadvisor.
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Eaton Vance has launched a new bond fund backed by veteran bond picker Kathleen Gaffney.
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Less than half of Gen X consumers (46%) selected retirement as their top reason for saving, with vacation and travel the top choice for 38% of this demographic group.
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U.S. mutual funds and ETFs drew in $17.9 billion the week ended Jan. 30, wrapping up the first month of 2013 with total net inflows of $51.7 billion.
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A new addition has helped Focus Financial Partners, the largest partnership of independent wealth management firms, further develop its New York presence.
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The firms chief market strategist, David Kelly, said tax hikes wont be enough to knock consumer spending for 2013.
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Merrill Lynch financial advisor Goran Bojovski, number 14 on the Top 40 Under 40 list, says that focusing on corporate retirement plans helps him serve a range of clients.
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