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- Money Management Executive
Mutual fund information might become even easier to sift through in the coming months for investors, analysts and brokers.
February 5 - Money Management Executive
The relatively new class of hedged mutual funds have generally outperformed traditional mutual funds, an academic study shows. Moreover, those funds run by current or former managers of traditional hedge funds-versus mutual fund portfolio managers with no hedge fund experience-have a tendency to outperform on a persistent basis.
February 5 - Money Management Executive
Merrill Lynch has settled three class-action lawsuits filed against it by mutual fund investors that said the investment banking firm issued misleading analyst research about Internet companies to them.
February 5 - Money Management Executive
New requirements and old challenges have caused several mutual fund companies to delay sending their 1099 tax forms to investors until after the Jan. 31 deadline, according to Kiplinger.
February 5 - Money Management Executive
Hedge funds that invest in the commodity market can be unstable and Red Kite Management is the latest example, according to the Wall Street Journal.The $1 billion metals-trading hedge fund has suffered loses thus far in 2007, after racking up gains last year. London-based Red Kite has now requested its investors give more notice when they withdraw from the fund.
February 5 - Money Management Executive
John H. Whittier, former majority shareholder and principal executive of Wood River Capital Management hedge fund has been indicted on securities fraud and other charges, according to Dow Jones.
February 5 - Money Management Executive
With Power Financial Corp. acquiring Putnam Investments for $3.9 billion, it has succeeded in expanding its business into the U.S., but it also must turn around a company that has been bleeding assets for the past five years years, according to sister publication American Banker.
February 5 - Money Management Executive
Senators Arlen Specter (R-Pa.) and Charles E. Grassley (R.-Iowa) last week accused the Securities and Exchange Commission of fumbling an insider trading investigation last year involving Pequot Capital Management.
February 5 - Money Management Executive
Some individual investors are irritated at the Securities and Exchange Commission’s proposal to dramatically increase financial minimums to invest in hedge funds in the U.S., according to The Chicago Tribune.
February 2 - Money Management Executive
Some individual investors are irritated at the Securities and Exchange Commission’s proposal to dramatically increase financial minimums to invest in hedge funds in the U.S., according to The Chicago Tribune.
February 2 - Money Management Executive
Wells Fargo Funds Management has launched a new emerging markets fund, the Wells Fargo Advantage Emerging Growth Fund. To be managed by portfolio managers Brandon M. Nelson and Thomas C. Ognar, the fund will invest in small-cap companies that they believe will grow faster than the market, using a bottom-up approach.
February 2 - Money Management Executive
The nation’s savings rate fell to negative 1% in 2006, the lowest since the negative 1.5% in 1933, in the middle of the Great Depression, the Associated Press reports.
February 2 - Money Management Executive
Mutual fund managers of global portfolios are exiting developed foreign markets in favor of U.S. stocks, according to MarketWatch.
February 2 - Money Management Executive
Milwuakee-based entrepreneur Timothy M. McCutheon hopes to use his experience drafting 401(k) plans to help the Internal Revenue Service streamline its paperwork.
February 2 - Money Management Executive
Van Eck Global is planning to launch an exchange-traded fund tied to Russia, where the economy surged 6% last year on the strength of rising energy prices and consumer spending, TASS News Agency reports.
February 1 - Money Management Executive
Although some might think the tobacco industry is dying due to increasing taxes and continued lawsuits against tobacco companies, investors believe that smokers’ addition to cigarettes and oblivion to ever-increasing prices makes them attractive investments, The New York Times reports. And even though tobacco companies continue to pay billions of dollars in settlements, many investors believe the worst of the litigation is over.
February 1 - Money Management Executive
Fidelity Investments is considering expanding a facility outside of Dallas, in Westlake, Texas, by as many 1,500 jobs. The campus currently has 2,900 workers.
February 1 - Money Management Executive
Funds that invest in hedge fund indexes, first created in 2002 in response to the tremendous popularity of hedge funds, are failing to live up to their promise, USA Today reports. They typically lag the indexes they track.
February 1 - Money Management Executive
Appearing in New York on Wednesday primarily to tout the healthy state of the economy, President Bush called on boards of directors to curb excessive executive pay and bring greater value to shareholders, the Associated Press reports. The president made his remarks outside the New York Stock Exchange, standing at Federal Hall.
February 1