17 Aug 2004 09:41 AM

After a three-year calm U.S. pension funds’ returns go higher. Their average return of 16 per cent is the highest level since 1998.

16 Aug 2004 04:50 AM

On Friday U.K. fund manager Schroders indicated first half profits to lift up to 60.3 million pounds. Funds under management to be up 1.1 percent to 100 billion pounds in the period from December 31 to June 30. Schroders raised its dividend by 1p to 6.5p per share.

13 Aug 2004 10:01 AM

UK pension funds will probably reduce their average 56% allocation to equities in the process of shifting to liability-based benchmarking. New structure will more resemble life funds, which invest amid 31 per cent of their assets in equities.

09 Aug 2004 10:17 AM

Investors pulled money from U.S. stock and junk mutual funds for the second consecutive week, according to AMG Data Services. For the week ended Aug. 4, stock funds had net outflows of $120 million, outflows from junk bond funds slowed to $29 million.

06 Aug 2004 06:55 AM

Aided by improved investment returns, the average funding level of large U.S. employers’ pension plans rose in 2003, but the funding level still remains well below that of a few years ago. On

05 Aug 2004 02:20 AM

Directors serving on boards of funds with advisors that have settled with the SEC (Securities and Exchange Commission) may get a reprieve from testifying on multi-district market-timing and late trading civil lawsuits pending in Baltimore’s fourth circuit (Fdir, July). Plaintiffs have prevailed in obtaining a 60-day extension to consolidate

04 Aug 2004 02:32 AM

Fidelity Investments, the biggest U.S. mutual fund company, agreed to pay $2 million in penalities to settle charges by the SEC and the NYSE. A joint investigation by the SEC and the NYSE found that between January 2001

30 Jul 2004 04:42 AM

According to Trim Tabs US funds investing primarily on U.S. stocks took in $700 million in new money during the week ending July 28, down from inflows of $1.4 billion the prior week. International funds had zero net flows

29 Jul 2004 05:12 AM

SEC sent last month letters to bigest US banks and investment companies Citigroup, Merrill Lynch, Morgan Stanley, Credit Suisse First Boston and Goldman Sachs Group, asking how their mutual funds avoid conflicts in

28 Jul 2004 04:58 AM

U.S. fund mangers endure hard times with U.S. stocks stuck in a narrow trading range for months and now threatening to head lower, reducing a return.

26 Jul 2004 09:49 AM

U.S. municipal bond funds saw $274 million of net outflows in the latest week, according to AMG Data Services.

26 Jul 2004 06:48 AM

J.P. Morgan Chase has agreed to purchase Tranaut Fund Administration, a privately owned hedge fund administration services company with offices in Ireland and Bermuda, for an undisclosed sum. The

24 Jul 2004 06:04 AM

HVB Alternatives has postponed the launch of two proposed multi-strategy funds of funds for the German market, according to Alternative Investment News. The firm’s focus is instead on the launch of a new hedge

23 Jul 2004 02:56 PM

Funds investing primarily in U.S. stocks took in $1.4 billion in new money during the week ending July 21, estimates Trim Tabs director of research Carl Wittnebert, down from inflows of $2.1 billion the week before.

23 Jul 2004 05:17 AM

Advisors say they are looking closer at allocating some of their clients’ assets to hedge funds now that it looks like the Securities and Exchange Commission will require managers of $25 million or more in hedge fund