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Jessica Toonkel

Jessica was a reporter for InvestmentNews from 2009 to 2011 before moving on to Thomson Reuters. As of 2022 she had become Deputy Media Editor at The Wall Street Journal. She tweets at: @jtoonkel

Displaying 373 results

Topic

Court case could trigger ‘crippling uncertainty’ in securities biz

Suit filed by shareholder over statements made in firm's fund prospectuses could cause 'flood tide of additional securities litigation,' critics claim

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New York minute? State late with RFP for its 529

Once bidding starts for N.Y. plan, investor fees will likely fall; 'egregiously overpriced'

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Most to lose with 12(b)-1 reform? AllianceBernstein, Franklin Templeton, Waddell & Reed

AllianceBernstein LP, Franklin Templeton Investments and Waddell & Reed Financial Inc. are the three publicly traded mutual fund companies with the most at stake pending the Securities and Exchange Commission's 12(b)-1 reform.

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Target date turnover troubles big firms

Target date funds run by MFS Investment Management, Putnam Investments and other big mutual fund companies exhibit higher-than-average turnover, raising concerns over whether investors, or their advisers, are aware of the funds' composition.

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Northwestern may be ready to sell Russell

Management at Northwestern Mutual Life Insurance Co. has decided that Russell Investments is not a core asset and is seriously considering putting the $140 billion asset manager up for sale, according to a number of investment bankers and industry observers.

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ETF providers spar over fund symbols in ticker tangle

Trademark lawsuit could make it harder to pick meaningful abbreviations; 'rush for good ticker symbols' coming?

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SEC likely to take hammer to 12(b)-1 proposal, says John Hancock Funds boss

Hartstein believes final rule will be dramatically different than current plan; will it be scrapped?

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Hartford taps insider to run mutual fund business

The Hartford Financial Services Group Inc. has tapped Jim Davey, head of the company's retirement division, to run its mutual fund business.

Topic

Will the SEC’s 12(b)-1 plan smack Legg Mason?

Analysts question whether planned cost savings will be offset by proposed cap on mutal fund fees

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Merrill brokers seen benefiting from sale of BlackRock stake

A sale of Bank of America’s 34% stake in BlackRock Inc. could be good news for Merrill Lynch…