13 May 2004 05:12 AM

U.S. bond mutual funds may post their biggest quarterly declines since 1990 as concern about possible interest rate increases by the Federal Reserve reduce the value of fixed-income securities.

13 May 2004 04:56 AM

The Securities and Exchange Commission is investigating Wachovia's retail brokerage unit, Wachovia Securities, regarding its mutual fund sales practices, the bank said Friday. Wachovia (WB) said it believes the

12 May 2004 11:36 AM

Small-company stocks have "substantially outperformed" those of larger firms over the past four years, according to a report on Wednesday by Lipper Inc.

12 May 2004 10:53 AM

U.S. corporate bond spreads were mostly tighter on Wednesday morning, helped by narrowing swap spreads and bargain-hunting after several sessions of weakness.

12 May 2004 06:57 AM

The U.S. Securities and Exchange Commission has been examining investment banks to see if they put pressure on affiliated mutual funds to buy shares in the banks’ clients, the Wall Street Journal said on Wednesday.

11 May 2004 10:47 AM

The Senate Banking Committee will ask the Securities and Exchange Commission to investigate whether Citigroup Inc., Merrill Lynch & Co. and other banks stuffed client shares into mutual funds during the three-year

11 May 2004 09:23 AM

New York State Attorney General Eliot Spitzer has subpoenaed mutual fund firm Putnam Investments again, this time in search of information about fee rebates given to select clients, according to a regulatory filing.

11 May 2004 04:24 AM

Janus’s settlement with regulators over improper mutual fund trading will result in the mutual fund giant taking an after tax charge of $82 million, according to Chief Financial Officer Loren Starr. The $82 million includes a $59

11 May 2004 12:00 AM

Richard D’Addario, formerly a senior portfolio manager and director of research at Franklin Advisers, has landed at Avenue Capital Management in New York. D’Addario will be setting up a collateralized loan obligation

07 May 2004 08:43 AM

U.S. junk bond mutual funds saw a $201 million outflow in the week ended Wednesday, the fourth straight week of outflows from the funds, according to AMG Data Services.

07 May 2004 07:43 AM

Funds investing primarily in U.S. stocks took in $600 million in new money over the past week, estimates Trim Tabs director of Research Carl Wittnebert, down from inflows of $1.5 billion the week before. International stock

07 May 2004 07:06 AM

British fund firm Standard Life Investments said on Friday that U.S. bank Citigroup (C) had taken over custodial management of 60 billion pounds ($107.4 billion) of its assets.

07 May 2004 03:34 AM

The Securities and Exchange Commission filed charges Thursday against mutual fund firm PIMCO Advisors Fund Management (PAFM), an advisor to bond fund giant Pacific Investment Management Co. (PIMCO), certain of its officers and affiliates for allegedly maintaining a market-timing pact with hedge fund Canary Capital, without having

06 May 2004 09:53 AM

Morningstar filed to raise up to $100 million in an initial public offering with underwriters Morgan Stanley (MWD), Deutsche Bank and William Blair. The Chicago-based mutual fund analysis firm reported a 2003 net loss of $11.9 million on revenue of $139.5 million, compared with net income of $446,000 and revenue of $109.6

06 May 2004 05:59 AM

Yields on taxable money market funds edged up in the week ended Tuesday, but investors pulled about $16 billion from the funds, according to the Money Fund Report.