- Money Management Executive
NEW YORK -- Donald A. Yacktman, the president and chief investment officer of Yacktman Asset Management in Buffalo Grove, Ill., is no stranger to heated boardroom battles, and as the great bull run of the 1990s was reaching its heights, he made headlines as a result.
February 9 - Money Management Executive
To avert any potential scandals like those that have plagued equity analysts, the Bond Market Association has drafted its own guidelines for independent fixed income research. And these are slated for discussion this Friday at a BMA-sponsored Asset Managers Forum in New York.
February 2 - Money Management Executive
OXFORD, Miss. -- The mutual fund fee bill is in the mail. And it should spell out, in hard dollars and cents, all the hidden costs of mutual funds, including 12b-1 fees. And these total costs can be so significant that in some cases they are several times greater than the fund's stated expense ratio.
February 2 - Money Management Executive
Separately managed account pioneer Frank Campanale doesn't see any outstanding areas where regulators might swoop in and shake up the industry's foundation like in the mutual fund arena - but thinks there is a small window that might draw scrutiny.
February 2 - Money Management Executive
Jack Bogle is in demand. Senators want his opinion. The best legal minds in the industry, including ICI Chairman Paul Haaga, are sparring with him (see mutual fund summit story, page one).
February 2 - Money Management Executive
NEW YORK -- Emphasizing the increased role of state attorney generals in criminal enforcement, Eliot Spitzer distinguished between recent financial services industry scandals to a packed criminal justice section of the New York State Bar Association lawyers last Thursday.
February 2 - Money Management Executive
The million-dollar question of how much Putnam Investments paid to the SEC and other regulators in its settlement was answered last week - and it turned out to be a $24 million question.
February 2 - Money Management Executive
WASHINGTON- Excessive fees and inadequate disclosure represent far more serious threats to mutual fund shareholders than the trading abuses uncovered in recent months and will require more stringent legislation to remedy them. And it's time to take the bull by the horns.
February 2 - Money Management Executive
The Securities and Exchange Commission last Tuesday put forth the details of its code of ethics proposal for mutual funds, as part of a three-pronged approach to improve corporate governance and disclosure in the $7 trillion industry. (See code of ethics details, page 13.)
January 26 - Money Management Executive
The best of intentions sometimes go awry. But, despite the 12b-1 rule's departure from its original spirit, dismantling the rule is not a viable option, research firm Lipper concludes in a recently released study.
January 26