25 Jun 2004 10:09 AM

U.S. junk bond mutual funds saw a $70 million outflow in the week ended Wednesday, the 10th outflow in the past 11 weeks, according to AMG Data Services.

25 Jun 2004 07:37 AM

Funds investing primarily in U.S. stocks took in $2.1 billion in new money during the week ending June 23, estimates Trim Tabs director of research Carl Wittnebert, adding to inflows of $1.7 billion in the prior week. International

25 Jun 2004 04:05 AM

The Securities and Exchange Commission Thursday filed insider trading charges against a former director of Fidelity National Financial (FNF) for allegedly buying shares of LendingTree ahead of an announcement that the firm would be

24 Jun 2004 09:52 AM

Fidelity Investments’ stock and bond mutual funds leaked $2.1 billion in May, the first month of outflows at the Boston-based fund

24 Jun 2004 08:04 AM

Asian institutions have parked US$350 million with U.S. money manager Vanguard Group since it set up a regional arm last year, signalling growing interest in index-linked investing rather than stock-picking funds, Vanguard

24 Jun 2004 05:27 AM

Select Sector SPDR Trust recently polled financial advisors about their attitudes on the market, and found considerable optimism, despite the host of scandals plaguing the fund industry and financial services in general

24 Jun 2004 05:15 AM

After months of speculation on how exactly hedge fund regulation for investment advisers would transpire, some lawyers have begun to question whether it will happen at all. They point to the internal rift at the Securities

24 Jun 2004 02:19 AM

The Securities and Exchange Commission on Wednesday approved a rule forcing mutual funds to name independent board chairmen and requiring three-quarters of the board to be unaffiliated with management. The SEC voted

23 Jun 2004 09:39 AM

HSBC Private Bank, which oversees $11 billion in hedge fund assets for its offshore high-net-worth clients, is preparing to bring its hedge fund and fund of funds advisory services to the domestic market. The move is part

22 Jun 2004 07:29 AM

Fidelity Investments’ Edward Johnson and Vanguard Group’s John Brennan, two of the most senior executives in the U.S. mutual fund industry, may each lose one of their jobs.

22 Jun 2004 04:09 AM

Old Mutual, a South African-based financial services group listed in London, may seek compensation from the two founders of U.S. funds group Pilgrim Baxter over alledged trading abuses, the Financial Times reported. Pilgrim Baxter

21 Jun 2004 11:20 AM

New York Attorney General Eliot Spitzer said his office reached a $100 million settlement with Pilgrim Baxter & Associates Ltd. to resolve charges that the mutual fund company allowed improper trades of shares in its family of funds.

21 Jun 2004 04:19 AM

The chairman of the Boots Pension Scheme has written to members to reassure them that their funds will remain invested in low-risk bonds, despite a company statement suggesting the scheme will take more risk.

18 Jun 2004 11:48 AM

U.S. junk bond mutual funds saw a $126 million outflow in the week ended Wednesday, pushing total outflows this year to about $8.4 billion, according to AMG Data Services.

18 Jun 2004 11:07 AM

Investors added a net $1.39 billion to U.S. equity funds during the week ended Wednesday, according to AMG Data Services.