 |
15 Sep 2004 10:54 AM
|
|
|
Pimco faces another settlement:
|
|
|
On Wednesday, the Pimco mutual fund group will pay as much as $15 million in settlement of a joint federal and state probe into revenue-sharing practices with brokers.
Pimco has already settled one of the federal charges being accused quick-trade in stock funds. New settlement
|
|
|
15 Sep 2004 09:23 AM
|
|
|
Jacob Goldfield leaves Quantum:
|
|
|
George Soros’ hedge fund chief investment officer leaves to start his own company, Jacob Goldfield said in a memo.
|
|
|
15 Sep 2004 08:57 AM
|
|
|
Pension funds unveil proxy votes:
|
|
|
Pension funds see the same scenario as mutual funds. They will probably be forced to unveil the procedure of calculating their proxy votes.
|
|
|
15 Sep 2004 07:34 AM
|
|
|
Hedge funds welcomed:
|
|
|
Fund market 2000-2002 decline and current year stagnation led to pension funds seek for extra earnings. Hedge funds are their top target.
|
|
|
14 Sep 2004 09:28 AM
|
|
|
Pensions may run out of money:
|
|
|
By 2020 the U.S. corporate pension agency will be out of money, specialists say.
|
|
|
14 Sep 2004 09:05 AM
|
|
|
Pimco to pay to regulators:
|
|
|
PA Fund Management (formerly Pimco Equity Funds) and its distributor are fined within $50 million for civil fraud over secret deals struck with the Canary hedge fund to allow improper trading in the mutual funds.
|
|
|
14 Sep 2004 08:06 AM
|
|
|
U.S. Airways omits pension payment to cut costs:
|
|
|
U.S. Airways Group Inc. said to a bankruptcy court on Monday it was going to omit its pension payment.
A $110 million pension payment won’t be made as the company seeks for ways to avoid liquidation after filing for protection from its creditors. The hearing will take place as soon as on October 7, said the judge Stephen Mitchell which
|
|
|
14 Sep 2004 07:30 AM
|
|
|
U.S. junk bond funds and stock funds see inflow, munis face outflow:
|
|
|
U.S. junk bond mutual funds and stock mutual funds saw inflows of $127.9 million and $2.2 billion respectively. Municipal bond funds faced $23 million of net outflows.
|
|
|
13 Sep 2004 11:14 AM
|
|
|
Fidelity has 27% from Google’s IPO:
|
|
|
Last month, the Fidelity mutual fund group bought about 27% of Google’s shares available for public.
The purchase dwindled down Google aim to get more individual investors on a democratic shareholder base. That
|
|
|
13 Sep 2004 04:02 AM
|
|
|
Merger of fund complexes:
|
|
|
Two mutual funds, J.P. Morgan Funds and One Group Mutual Funds have an option to merge into one fund complex.
New company will be called J.P. Morgan Funds and will have about $211 billion in assets, becoming a world fourth-largest fund family.
|
|
|
09 Sep 2004 09:02 AM
|
|
|
Global biggest funds’ assets topped:
|
|
|
Assets under the management of the biggest fund management companies rose as much as 22% to $43.3 trillion last year.
"Three years of falling markets
|
|
|
09 Sep 2004 04:41 AM
|
|
|
Invesco combination with AIM, stadium renaming:
|
|
|
Invesco Funds Group was decided to merge to AIM Investments family. Denver football stadium can get new name.
Chares Brady, a chairman of the holding company owning Invesco and AIM informed merge was in the process.
|
|
|
08 Sep 2004 03:14 AM
|
|
|
Unit funds row continues:
|
|
|
U.S. unit funds, possessing up to 95% of total assets, were charged for violation of regulations a year ago. The situation hardly changed this year.
|
|
|
07 Sep 2004 09:26 AM
|
|
|
Funds avoid buy-and-hold strategy:
|
|
|
New strategy of faster fund processes is being taken by the professionals as buy-and-hold strategy losses its urgency.
|
|
|
06 Sep 2004 09:49 AM
|
|
|
Oil falls at hedge funds profits:
|
|
|
On Monday, oil prices dropped slightly within the continuation of the process of taking profits, set by hedge funds some time ago, market players say.
|
|
|
|
|
|
|