21 Apr 2004 01:13 AM

Janus is expected to clinch a settlement with regulators soon and an announcement could come as early as this week, a person familiar with the

20 Apr 2004 06:53 AM

Janus Capital Group Inc., the Denver- based mutual fund company under investigation for having improper trading agreements, said Chief Executive Officer Mark Whiston stepped down.

20 Apr 2004 02:00 AM

A total of 72.5 percent of those in Walt Disney Co.'s (DIS) 401K retirement plan voted to oust Chief Executive Michael Eisner, a tally of the company's March 3 shareholder vote shows. The tally was released by dissident

16 Apr 2004 08:34 AM

In a bid to keep pace with the escalating level of automation in the investment fund industry, Toronto-based FundServ has turned to Sajus Technologies Inc.<

14 Apr 2004 01:57 AM

The Securities and Exchange Commission ordered mutual funds yesterday to disclose what they do to deter rapid trades, the first rule developed to address the trading scandals that erupted last year in the $7.6 trillion fund industry.

14 Apr 2004 01:57 AM

In the world of heavyweight institutional investors, the California Public Employees' Retirement System, or Calpers, is a 500-pound gorilla. And on Monday it leaned on Citigroup's board, citing corporate governance problems at the company, the world's biggest bank, as reasons for not supporting the re-election of Sanford I.

13 Apr 2004 01:21 AM

Funds investing primarily in U.S. stocks took in $2 billion in new money during the week ending April 7, estimates Trim Tabs director of research Carl Wittnebert, following outflows of $800 million the week before. International stock funds had inflows of $500 million, adding to the prior week's inflows of

09 Apr 2004 03:54 AM

The Senate on Thursday sent President Bush a stopgap pension measure that expected to save corporations tens of billions of dollars in funding costs over the next two years. The bill makes a change in the method used to calculate required pension fund contributions. It would replace the current 30-year

09 Apr 2004 03:53 AM

Putnam Investments, a unit of Marsh & McLennan (MMC), will pay $55 million to finalize an enforcement action brought by the Securities and Exchange Commission, the agency said Thursday. Last fall, the mutual fund firm reached a

05 Apr 2004 08:49 AM

Janus (JNS) said Lars O. Soderberg, executive vice president, institutional services and a member of the mutual fund firm's management committee, has "agreed to take a leave of

05 Apr 2004 07:08 AM

Funds investing primarily in U.S. stocks took in $1.2 billion in new money in March, estimates Trim Tabs director of research Carl Wittnebert, down from inflows of $18.1 billion in February.

05 Apr 2004 07:07 AM

Massachusetts authorities are probing the possibility mutual fund firm Putnam Investments defrauded customers by paying improper rebates to some retirement funds at the expense of other investors, the Wall Street Journal said on Friday. Citing documents and people familiar with the matter, Putnam, a unit of Marsh & McLennan Cos (MMC) , agreed in one case to give a New York union's retirement plan an annual $40,000 expense rebate, the Journal said.

05 Apr 2004 01:13 AM

Massachusetts authorities are probing the possibility mutual fund firm Putnam Investments defrauded customers by paying improper rebates to some retirement funds at the expense of other investors, the Wall Street Journal said on Friday. Citing documents and people familiar with the matter, Putnam, a unit of Marsh & McLennan Cos (MMC) , agreed in one case to give a New York union's retirement plan an annual $40,000 expense rebate, the Journal said.

02 Apr 2004 02:01 AM

The SEC announced a settlement with Massachusetts Financial Services Company -MFS - related to the company’s use of mutual fund assets – namely, brokerage commissions on mutual fund transactions – to pay for the marketing and distribution of mutual funds in the MFS Fund Complex

01 Apr 2004 04:18 AM

A bigger-than-expected increase in U.S. crude and gasoline supplies pulled oil futures down by as much as 4 percent Wednesday, but OPEC's plan to cut output quotas softened the blow, prompting prices to recover the bulk of their losses by the session's end.