FUND MANAGEMENT NEWS
Equifax ID Patrol - Sponsored Link
Mon, 18 Aug 2008 18:34:00 GMT
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ARS probe now includes Fidelity, Schwab
Mon, 18 Aug 2008 18:34:00 GMT
New York Attorney General Andrew Cuomo's nationwide probe into the financial services industry's selling of auction rate securities has widened to include Fidelity Investments and The Charles Schwab Corp., according to published reports. His
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Introducing Genworth Financial Wealth Management Integrating AssetMark and Genworth Financial Asset Management
Mon, 18 Aug 2008 18:16:00 GMT
RICHMOND, Va., Aug. 18 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. today announced the launch of its new wealth management division, Genworth Financial Wealth Management, Inc. The announcement completes the integration of two Genworth companies,
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MUFG Unit To Launch Brazilian Bond Fund Managed By Local Firm
Mon, 18 Aug 2008 18:05:00 GMT
Extract not available.
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Billionaire to build fund manager team
Mon, 18 Aug 2008 17:56:00 GMT
South African billionaire Johann Rupert plans to create an asset management company to advise his new $2.5bn (?1.7bn) Reinet Investments vehicle. According to documents filed with the restructuring of his business empire, Rupert wants ?to establish a
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Oil prices drag energy hedge funds down in July
Mon, 18 Aug 2008 17:54:00 GMT
Sharp reversals in the price of oil in July led energy hedge funds to a 9.5% decline during the month, according to new data, while funds investing more broadly in commodities were also down amid expectations of a global economic slowdown. Peter
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Velocity Asset Management Inc.
Mon, 18 Aug 2008 17:37:00 GMT
Extract not available.
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Worldwide Mutual Fund Assets and Flows, First Quarter 2008
Mon, 18 Aug 2008 17:18:00 GMT
- Mutual fund assets worldwide decreased 5.1 percent to $24.81 trillion at the end of the first quarter of 2008, the first quarterly decline in nearly four years. The decline was due in part to weakness in equity and bond markets worldwide and in part to
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Closed-End Fund Assets, Second Quarter 2008
Mon, 18 Aug 2008 17:18:00 GMT
- The combined assets of the nation's closed-end funds were $278.29 billion at the end of July 2008, ICI reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets decreased $13.33 billion during the second
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Hedge fund to sell windfarm in Kent
Mon, 18 Aug 2008 17:14:00 GMT
THE Christofferson Robb hedge fund is in talks to sell one of Britains largest proposed offshore wind farms less than a year after it bought the project. Utilities and financial buyers have bid for the 800m Thanet wind farm, off the coast o...
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Fund manager unveils new residential fund with JV partner
Mon, 18 Aug 2008 17:14:00 GMT
Arch Financial Products LLP, in a joint venture with Nice Capital, has launched a new residential fund to capitalise on falling house prices caused by the credit crunch and a general economic downturn. The fund, called Nice Residential III IC Ltd, will
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SEC Announces Fair Fund Distribution to Harmed Investors in Putnam Mutual Funds
Mon, 18 Aug 2008 17:08:00 GMT
Washington, D.C., Aug. 18, 2008 The Securities and Exchange Commission today announced the distribution of nearly $40 million to more than 600,000 investors who were harmed by undisclosed market timing and excessive short-term trading in certain mutual
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Morgan Stanley shuffles staff after fund manager departs
Mon, 18 Aug 2008 17:06:00 GMT
Morgan Stanley Investment Managementannounced staff changes for two of its non-diversified, closed-end fundsâ??one for Thailand and another for Malaysiaâ??following the departure of the manager of both funds. Sebastian Chia, who was with Morgan
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Fidelity suggests trio of inflation-beating bets
Mon, 18 Aug 2008 16:55:00 GMT
Fidelity's Aruna Karunathilake has given investors three suggestions on how to play the markets during times of high inflation. With inflation hitting 4.4% last month, the UK Aggressive manager said three groups of companies are insulated against rising
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New Credit Suisse/Tremont Hedge Fund Index Research Paper Explores Hedge Fund Performance During Market Downturns
Mon, 18 Aug 2008 16:05:00 GMT
Credit Suisse Index Co. today released a new research piece, Seeking Returns in Turbulent Markets: The Case for Hedge Funds During Market Downturns, which posits that hedge funds in general have customarily exhibited trends of correlation in bull market
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Hedge fund giant calls in Peregine
Mon, 18 Aug 2008 16:04:00 GMT
From PR Week 15-August-2008 One of Europe's largest hedge fund managers has taken on financial specialist Peregrine Communications to handle comms to support the group. Brevan Howard called in the agency without a competitive pitch. Peregrine has been
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Barclay Hedge Fund Index slips a further 2 per cent in July
Mon, 18 Aug 2008 16:04:00 GMT
Hedgeweek reports: Hedge funds lost an average of 1.99 per cent in July, according to the Barclay Hedge Fund Index compiled by Fairfield, Iowa-based BarclayHedge, and are now down by 4.44 per cent since the beginning of this year. The Barclay Index lost
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M&G Select's Felton Takes Temporary Leave
Mon, 18 Aug 2008 16:04:00 GMT
M&G said today the Mike Felton, the manager of M&G UK Select, has been diagnosed with leukaemia and is taking a leave of absence to start treatment, effective immediately. Felton is expected back in early 2009. The fund will be run in the interim by
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Brevan Howard tops hedge fund table
Mon, 18 Aug 2008 16:03:00 GMT
eFinancial News reports: Europe's 10 largest hedge fund managers have taken advantage of superior operational infrastructures to grow their assets under management by almost a fifth in the 12 months to the end of June, according to analysis by Financial
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Miami Hedge Fund Swindler Sentenced
Mon, 18 Aug 2008 16:01:00 GMT
HedgeCo.net reports: Hedge fund fraudster Salman Shariff has been sentenced to 57 months behind bars, years after swindling millions from trusting investors. The Miami-based funds raked in almost $11 million from 1998 to 2001, while Shariff afforded
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Popular FMPs attract Fidelity's India unit
Mon, 18 Aug 2008 15:56:00 GMT
MUMBAI, Aug 18 (Reuters) - The Indian fund unit of Fidelity International will launch its first fixed maturity plan (FMP) on Wednesday, marking entry into a product class that has cornered the most of the inflow into new funds this year. FMPs, close-end
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Omrix Biopharmaceuticals mulls hedge fund buyout offer
Mon, 18 Aug 2008 15:51:00 GMT
Sources inform ''Globes'' that (Nasdaq:OMRI) has received a buyout offer from a US hedge fund for $25 per share, amounting to $430 million, in a deal that would take Omrix private. Omrix closed at $22.13 on Friday, giving a market cap of $378.8 million.
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Hedgeweek Comment: Soros is buying
Mon, 18 Aug 2008 15:43:00 GMT
Global investor and philanthropist George Soros is back doing what he does best - making a fortune by exploiting financial turmoil. According to a regulatory filing last week, Soros Fund Management raised its stake in Lehman Brothers from 10,000 shares
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Gabelli Downgrades Hershey (HSY) to Hold
Mon, 18 Aug 2008 15:18:00 GMT
Sponsored by: StreetInsider Premium - FREE TRIAL! More News related to HSY More News related to Downgrades Gabelli & Co. downgrades The Hershey Company (NYSE: HSY) from Buy to Hold. The Hershey Company engages in manufacturing, marketing, selling,
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CML - Coronation Fund Managers Limited - Board app
Mon, 18 Aug 2008 14:52:00 GMT
Extract not available.
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4 More Bond Funds We'd Back If They Were Cheaper
Mon, 18 Aug 2008 14:33:00 GMT
Six months ago I wrote a piece on otherwise attractive fixed-income funds that don't get our endorsement because their prices aren't right. I've identified four more funds that meet that description, which I'll discuss in more detail below. Just as a
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Fidelity launches its first Fixed Maturity Plan
Mon, 18 Aug 2008 14:31:00 GMT
Mumbai, Aug 18 (ANI/Business Wire India): Asset Management Company, the Indian arm of Fidelity International, today announced the launch of its first Fixed Maturity Plan (FMP), the Fidelity Fixed Maturity, Series 1 - Plan A with a duration of 370 days
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Fidelity Investments Canada ULC announces fund management changes
Mon, 18 Aug 2008 14:26:00 GMT
TORONTO, Aug. 18 /CNW/ - Fidelity Investments Canada ULC today announced portfolio management changes on specific global and international funds. These changes are effective October 1, 2008. Fidelity International Disciplined Equity(TM) Fund, Fidelity
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UBI ties up with SBI Mutual Fund
Mon, 18 Aug 2008 14:25:00 GMT
Public sector bank United Bank of India (UBI) has tied up with SBI Mutual Fund. The newly forged partnership will help UBI customers avail SBI mutual fund's products. As on July 2008, SBI Mutual Fund had a total of Rs 29,151 crore of assets under
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Hedge Funds `Much Worse' Than 1998
Mon, 18 Aug 2008 14:17:00 GMT
The $1.9 trillion hedge fund industry, mired in its worst performance in two decades, faces ''much worse'' conditions than in 1998, when Long-Term Capital Management LP collapsed, a veteran of that fund said. ''It's definitely a trickier environment,''
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Introducing Genworth Financial Wealth Management Integrating AssetMark and Genworth Financial Asset Management
Mon, 18 Aug 2008 14:15:00 GMT
RICHMOND, Va., Aug. 18 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: GNW - News) today announced the launch of its new wealth management division, Genworth Financial Wealth Management, Inc. The announcement completes the integration of two
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