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20 May 2004 04:57 AM
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Hedge manager Man tops on FY, highly confident outlook :
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Man Group, the world’s largest publicly-traded hedge fund manager, on Thursday said year to March 31 pre-tax profits before goodwill amortization and exceptional
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20 May 2004 04:44 AM
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American Express faces NASD action in mutual fund probe :
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American Express (AXP) said it may face action from NASD for allegedly violating securities laws by not disclosing certain revenue-sharing
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20 May 2004 03:54 AM
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Incoming ICI chief says funds need close scrutiny :
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The president-elect of the mutual fund industry's trade group said Wednesday that the fund business faces "formidable challenges
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19 May 2004 03:49 PM
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GE CEO tells fund industry - focus on investor concerns:
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General Electric (GE) CEO Jeff Immelt told mutual fund executives Wednesday that their business must align itself with investor concerns and foster a performance-based culture of integrity. "Good governance has to be synonymous
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19 May 2004 10:52 AM
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Foreign funds cut Asian exposure, Taiwan hit hard :
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Foreign investors have pulled at least $5.0 billion from Asian stock markets in the past three weeks, with the hardest knock taken by Taiwan as China’s sabre rattling over cross-strait relations added fuel to the fire.
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19 May 2004 10:39 AM
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UK life, pension funds raise foreign stocks:
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British pension and life insurance funds raised exposure to non-domestic equities in April as these assets gained ground over the month, according to fund research firm Lipper on Wednesday.
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18 May 2004 03:49 PM
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$3.8 bln drained from emerging market funds last week :
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Investors withdrew $3.8 billion from emerging market equity and bond funds tracked by research firm EPFR in the week ended May 12, the highest amount withdrawn in one week from such funds all year. "Investors have
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18 May 2004 08:05 AM
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UK retail funds cut foreign stocks in April:
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British-based retail funds cut their holdings of overseas stocks in April with the exception of Japanese equities, a Lipper
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17 May 2004 02:21 AM
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Leveraged funds raise conflict of interest fears:
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One third of the world’s biggest fund management groups are running leveraged funds alongside their more conventional portfolios, raising the possibility of conflicts of interest within asset management groups.
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14 May 2004 10:13 AM
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ABN AMRO outsources fund services to State Street :
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Dutch financial group ABN AMRO said its asset management operations had concluded a European outsourcing deal with State Street Corp.
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14 May 2004 09:52 AM
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US muni bond funds see $1.3 bln weekly outflows:
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U.S. municipal bond funds reported $1.3 billion of net cash outflows in the latest week, making it the seventh consecutive week of outflows and the largest since Nov. 9, 1994, AMG Data Services said on Friday.
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14 May 2004 09:21 AM
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US junk bond funds suffer $2.15 bln outflow:
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Investors withdrew $2.15 billion from U.S. junk bond mutual funds in the week ended Wednesday, the second-biggest outflow on record and the most since August, AMG Data Services reported.
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14 May 2004 08:29 AM
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U.S. stock funds have outflows of $700 mln:
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Funds investing primarily in U.S. stocks had outflows of $700 million during the week ending May 12, estimates Trim Tabs director of research Carl Wittnebert, after taking in $600 million in new money the prior week. "With recent developments
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14 May 2004 05:38 AM
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Old Mutual Q1 U.S. life sales up, down in S. Africa:
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Old Mutual Q1 U.S. life sales up, down in S. Africa
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13 May 2004 12:46 PM
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US Corp Bonds-Spreads wider on higher energy costs:
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Corporate bond spreads widened on Thursday after a report showed that surging energy costs lifted wholesale prices in April, stoking concerns that high oil prices will cut into corporate profits.
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