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27 May 2004 07:39 AM
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SEC probes money managers over IPO allocations:
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U.S. regulators are probing whether Wellington Management Co. and other big money managers that advise mutual funds gave lucrative investments to favored customers at the expense of other clients, The Wall Street
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26 May 2004 12:38 PM
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SEC OKs rule requiring code of ethics for fund advisers:
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Fund companies will be required to adopt a code of ethics aimed to address conflicts that arise from their personal trading under a rule approved by the Securities and Exchange Commission on Wednesday. The rule
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26 May 2004 11:31 AM
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SEC OKs mutual fund discount rule:
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The Securities and Exchange Commission approved a rule Wednesday to require fund companies to enhance disclosure of
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26 May 2004 08:10 AM
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Wellington being investigated by SEC:
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Asset management company Wellington Management is being investigated by the Securities and Exchange Commission, the New York Times reported on Wednesday.
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26 May 2004 06:44 AM
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Hanging in With Bond Funds as Interest Rates Rise:
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With interest rates on the rise, now is a dicey time to be putting your money in bond mutual funds.
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25 May 2004 05:34 AM
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Fidelity Japan fund tops weekly UK Lipper ranking :
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A British-based fund of investment firm Fidelity which holds Japanese stocks came top in a performance ranking for last week, as Japan markets continued to set a strong pace, figures on Tuesday showed.
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24 May 2004 11:44 AM
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Hedge Fund Investors Should Be Ready For More Scrutiny :
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Market developments, including increasing availability of inexpensive credit, greater leverage of hedge funds and easier credit, have prompted Greenwich Associates to advise that hedge fund investors should prepare for more regulatory
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22 May 2004 04:54 AM
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Pension funds want to nominate Disney director (DIS) :
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A group of state pension funds asked Walt Disney Co.’s (DIS) board members Friday to consider a slate of names for a new independent director at the entertainment giant. Disney is expected to appoint a new director
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21 May 2004 10:01 AM
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US muni bond funds see $1.04 bln wkly outflows:
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U.S. municipal bond funds reported $1.04 billion of net cash outflows in the latest week, the eight consecutive week of outflows, AMG Data Services reported late on Thursday.
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21 May 2004 09:38 AM
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US junk bond funds suffer $989 mln outflow:
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U.S. junk bond mutual funds saw a $989 million outflow in the week ended Wednesday, pushing total outflows this year to more than $7 billion, according to AMG Data Services.
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21 May 2004 07:42 AM
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US forex fund lost $3.6 mln in debt limit impasse :
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The fund used to defend the U.S. dollar in global foreign exchange markets suffered a multimillion-dollar loss in 2003 because of accounting maneuvers used to avoid the federal debt ceiling, a Congressional watchdog agency said on Thursday.
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21 May 2004 06:37 AM
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U.S. stocks funds have outflows of $200 mln:
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Funds investing primarily in U.S. stocks had outflows of $200 million during the week ending May 19, estimates Trim Tabs director of research Carl Wittnebert, down from outflows of $700 million the week before. International stock
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20 May 2004 08:58 AM
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Morningstar upgrades Janus funds :
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Embattled mutual fund giant Janus Capital Group won a notable reprieve Monday as Morningstar, the influential investment research firm, removed its "consider selling" warning for Janus funds.
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20 May 2004 06:00 AM
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Putnam Focusing On Satisfying Current Customers :
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In the wake of a market-timing scandal that has cost Putnam Investments billions of dollars in outflows, the firm is focusing on retaining current clients
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20 May 2004 05:55 AM
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Citigroup Continues To Dump Enhanced Loads :
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Citigroup Asset Management is eliminating the 1% upfront load on the remaining portfolios in its Smith Barney fund family. Citigroup began the move to drop
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