Special Program Root Tag

The Supreme Court's decision in Stoneridge Investment Partners LLC v. Scientific Atlanta will mean that mutual fund companies, could be better protected from class-action investor suits involving third parties that support the administration and running of a fund's trading floor and back office.

The European Central Bank reported a “sharp tightening” of lending standards for businesses, due to the changing economic outlook, according to the Financial Times.

Hit hard by mortgage-related losses, Wall Street is returning to less risky transactions and focusing on tried-and-true practices like selling stocks and bonds to investors, according to the Wall Street Journal.

Money market mutual fund assets rose $13.55 billion to $3.189 trillion for the week ending Jan. 16, according to the Investment Company Institute.

The New York Stock Exchange said it will buy cross-town rival the American Stock Exchange for $260 million in stock in addition to whatever monies are raised by the sale of the smaller exchange’s headquarters.

Only a minority of financial institutions are actively promoting health savings accounts.

Registered investment advisors have had a good run over the past three years. And some 28% of RIA firms have experienced growth of more than 100%, according to a new study published by Fidelity Investments.

Vanguard Takes Top Spot from American Funds

By now, most asset management executives have seen the predictions that large-cap growth will be the way to go in 2008. But digging deeper than mere asset class predictions, MME spoke with two industry leaders to tease out nuances of what fund managers can expect this year.

BOSTON - Fund companies will need to plan ahead to ensure they can meet new regulations on fund disclosure without costly delays to investors and brokers.

BOSTON - Participants at one session of last week's National Investment Company Service Association's east coast regional meeting set their sights on how the managed funds industry is going to market itself to the 80 million Generation Y members.

First there were environmental mutual funds that rewarded do-good companies and those with sustainability sensitivities. Next came alternative energy and climate change funds.

Sincere Joins F-Squared Board

The rapid growth in the exchange-traded fund arena is increasing the complexity of capital gains taxes, writes the Wall Street Journal.

As traditional pension plans are increasingly being replaced by defined contribution plans, retirement income plan providers will need to adjust their tactics in order to keep up with the ever-changing retirement landscape.

Investors should have realistic performance expectations when investing international funds, said Dan Lefkovitz, a mutual fund analyst for Morningstar Inc.

Morningstar's database of hedge funds, excluding funds-of-funds, returned an average of 1.98% during the fourth quarter of 2007, outperforming the MSCI World Index and the Standard & Poor’s 500 Index.

Baltimore-based investment management firm T. Rowe Price opened a second building at its Colorado Springs, Colorado campus last week. The new structure is a 145,000 square foot, three-story building that the company said will support its expected expansion.

Van Eck Global, a money management firm, recently launched the first coal industry exchange-traded fund on the New York Stock Exchange.

The rapid growth in the exchange-traded fund arena is increasing the complexity of capital gains taxes, writes the Wall Street Journal.