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The F&C Enhanced Alpha UK Equity Fund, one of the first so-called 130/30 funds to focus on UK equities, has reported its sixth consecutive month of beating the market since it was launched in August last year.
February 7 -
Henderson Global Investors, the $123.6 billion investment management company, announced the Feb. 11 reopening of its flagship European Focus Fund to new investors.
February 7 -
High-ranking Wachovia bank executives knew about fraudulent and deceptive practices by one of its telemarketing firms, but continued to provide services to them anyway, The New York Times writes.
February 6 -
Average investors are getting cheated out of thousands of dollars in earnings for their 401(k) plans by hidden fees and expenses, according to Bloomberg.
February 6 -
Specialist fund groups and niche advisers will trump larger asset managers and consultants in the institutional marketplace of the future, according to the Financial Times.
February 6 -
MFS Investment Management has launched a new fund, the MFS Diversified Target Return Fund.
February 6 -
In lockstep with a broadened direction by insurance firms to strip off the complex bells-and-whistles riders and bonuses of the recent past and to issue packaged retirement income solutions-and meet the demands of the new buzzword: decumulation-the other publication I edit, Annuity Market News just relaunched on Friday as Retirement Income Reporter.
February 5
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Fidelity Investments announced that it plans to lay off about 250 employees as part of a restructuring of some of its units.
February 5 -
Scotia Securities Inc. said today it will expand the lineup of its Scotia Funds with the introduction of a new class of funds to be called the ScotiaFunds Advisor Class.
February 5 -
Money market mutual funds that put cash into investments tied to the mortgage crisis and subprime debt saw huge gains last year, growing by more than 30% to $3 trillion, according to the South Florida Sun-Sentinel.
February 5 -
The number of brokers and financial advisors considering switching to another firm is expected to nearly double in 2008, up to 9% from 5% in 2007, according to a study released Monday.
February 5 -
Raymond B. Lang has been appointed the new chief executive officer of Fund.com Inc., replacing founder and director Daniel Klaus.
February 5 -
Weekly reporting municipal bond mutual funds had a net inflow of $468 million during the period ending Jan. 30, AMG Data Services reported. The results were down slightly from a $513 million inflow the previous week, but represent the fourth week of inflows following eight straight weeks of outflows, according to the Arcata, Calif.-based fund tracker. The category represents about 73% of all muni bond funds because it excludes those that report monthly.
February 5 -
WASHINGTON-Democratic leaders of the House Financial Services Committee are exploring creating a federal regulator or modifying a multi-state compact to increase oversight and provide more uniform standards for insurers of municipal bonds and other financial products.
February 4 -
In lockstep with a broadened direction by insurance firms to strip off the complex bells-and-whistles riders and bonuses of the recent past and to issue packaged retirement income solutions-and meet the demands of the new buzzword: decumulation-the other publication I edit, Annuity Market News just relaunched on Friday as Retirement Income Reporter.
February 4 -
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The Baby Boomer generation is once again taking credit for saving the economy, according to Reuters.
February 4 -
MIAMI-Unified managed accounts (UMAs) continue to grow at the expense of legacy separately managed accounts (SMAs), according to a presentation at the National Investment Company Service Association's "7th Annual Managed Accounts Technology and Operations Conference" here last week, at the Doral Golf Resort and Spa.
February 4 -
Asset managers afraid to leave the safety of the herd are missing out on crucial opportunities for growth in international and emerging markets.
February 4 -
A wide range of small businesses in the U.S. are beginning to take advantage of weak U.S. dollars exchange rate to market their products to Europe and Latin America. We are hearing about the credit crisis every day, but we are not hearing enough about how the weak dollar is a good thing for business, Raphael Amit, a professor of entrepreneurship at the Wharton School at the University of Pennsylvania, told The New York Times. It is one of the things that will help prevent a recession. When the dollar is weak, imports are more expensive. So relatively speaking, domestic production and services are more competitive. Simple as that.
February 1