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06 May 2004 05:56 AM
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US muni money market funds sees $2.9 bln outflows:
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U.S. tax-free money market funds saw $2.9 billion of outflows in the latest week, lowering total assets to $292.8 billion, Money Fund Report said on Wednesday.
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06 May 2004 05:52 AM
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Hedge funds attract $22.2 billion in quarter:
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New data from hedge fund industry group Hedge Fund Research Inc. (HFR) shows that investors poured $22.2 billion into these loosely regulated investment pools in the first quarter of 2004.
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05 May 2004 12:20 PM
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Managers Should Pay Own Legal Expenses, Officials Say :
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Fund managers who have been implicated in the recent scandals should pay their own legal expenses incurred by their respective firms, say industry officials. "If I were those directors I would not wait more than one nanosecond to pick up the phone, call the head of the management company and tell him that it’s his
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05 May 2004 12:03 PM
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PIMCO Preps Global Funds :
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PIMCO is planning to launch the RCM Global Resources Fund and RCM Global Financial Services Fund in June. The resources fund will invest in domestic and international industrial and commodity-related equity securities. The financial services fund will invest in domestic and international financial services equity securities. Both funds
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30 Apr 2004 06:38 AM
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US junk bond funds see $246 mln weekly outflow :
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U.S. junk bond mutual funds saw a $246 million outflow in the week ended Wednesday, the third straight week of outflows from the funds, according to AMG Data Services.
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30 Apr 2004 02:42 AM
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U.S. stock funds take in $15.8 bln in March:
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Net purchases of stock mutual funds slowed in March, with investors adding a net $15.8 billion, an industry trade group said on Thursday.
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29 Apr 2004 06:25 AM
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E*Trade sets $200 million stock buyback :
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Online bank and brokerage E*Trade Financial Corp. (ET) on Thursday said its board of directors authorized a new $200 million share repurchase program.
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28 Apr 2004 04:15 AM
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Fidelity cuts stake in tobacco firm Altadis to 5.8 pct:
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U.S. investment fund Fidelity International has cut its stake in Franco-Spanish tobacco firm Altadis by more than a percentage point to 5.84 percent, stock
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28 Apr 2004 04:14 AM
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Old Mutual US has $160 bln assets under management:
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South Africa's biggest insurer, Old Mutual Plc, said on Wednesday its U.S. asset management business had $160.0 billion assets under management at end-
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28 Apr 2004 03:16 AM
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Janus to Pay $225 Mln in Fund Settlement:
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Janus Capital Group Inc. (JNS) on Tuesday reached a $225 million settlement with state and federal regulators over accusations it allowed abusive trading of its mutual funds.
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27 Apr 2004 06:54 AM
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Strong sales boost T. Rowe Price quarterly profit:
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Investment manager T. Rowe Price Group Inc. (TROW) on Tuesday said quarterly profit nearly doubled with help from strong net sales of its funds.
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27 Apr 2004 06:54 AM
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Amvescap funds under manage up 3% over Q1:
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LONDON British fund management group Amvescap (AVZ), a FTSE 100 stock, said profit pre-tax and other items in the first quarter rose to 71.9 million pounds
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27 Apr 2004 04:26 AM
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Janus settlement expected :
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Janus Capital Group is expected to announce a settlement of inappropriate mutual fund trading with regulators this week. An announcement could come as soon as Tuesday, a person familiar with the situation told CBS MarketWatch.
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26 Apr 2004 08:18 AM
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Robin Saunders back in business:
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Robin Saunders, the former star WestLB (WDLG) banker, is already starting work on her next deal with new principal finance venture Clearwater, which has backing from U.S. investors.
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23 Apr 2004 06:52 AM
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U.S. stock funds inflows up to $2 bln.:
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Funds investing primarily in U.S. stocks took in $2 billion in new money during the week ending April 21, estimates Trim Tabs director of research Carl Wittnebert, adding the inflows of $1.2 billion the prior week. International
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