Seventh straight month of net outflows; bond funds a different story
Funds rely on leverage, synthetics to amp up performance
Worried clients pulling out of equity, plumping up debt investments
Bill Miller's decision to relinquish the reigns of Legg Mason Capital Management Value Trust in April is unlikely to herald big changes in how the $2.8 billion fund is being run, according to the fund's incoming lead manager, Sam Peters
Legendary fund manager Bill Miller finally gave up the ghost, unloading his entire stake in Eastman Kodak. The damage? The Legg Mason Capital Management Value Trust took a $550 million hit from the sale.
Patrick Evershed, a former New Star Asset Management Holdings Inc. fund manager, was bullied by company founder John Duffield, who called him a “criminal” and a “moron,” according to Mr. Evershed's lawyer
Fee fiefdom losing ground to passively managed funds; low yields brings high scrutiny
The following is an edited version of an Oct. 12 speech by Paul Schott Stevens, president and chief executive of the Investment Company Institute, before the Rotary Club of Seattle
Apparently, the GOP is not so keen on the SEC's plan to let the net asset value of money market funds drift, rather than remain at a constant $1 per share. Fund firms are no doubt happy to hear it.
Unless a 5-basis-point yield somehow sounds like a good deal, it might be time to start looking beyond the basic money market mutual fund
McNabb opposes excess capital requirements or floating rate NAV; 'will disappear'
Morningstar Inc. has launched the first of its forward-looking mutual fund ratings for 350 U.S. funds, which it contends will help investors evaluate the fund's future performance.
Legislation introduced last week that would impose a federal tax on financial transactions may be doomed as a stand-alone bill, but proponents say that it should be included in any broad deficit-reduction proposal
Has hired six new external wholesalers, bringing its roster to 54, and it expects to have 60 by the end of the year.
Fidelity Investments has named Jeffrey S. Feingold to run the $17.4 billion Magellan Fund, replacing Harry Lange, who oversaw a two-thirds decline in assets in what was once the largest U.S. mutual fund
Now that the National Football League's lockout is history, Putnam Investments has teamed up with the New England Patriots in a new marketing arrangement.
First, and most important, a large part of the late summer sell-off was precipitated by a growing belief that the United States and the global economy were about to enter another recession.
Bill Gross, manager of the world's biggest mutual fund, is seeking to reassure clients that he hasn't lost his touch after he misjudged the extent of the economic slowdown, causing his Pimco Total Return Fund to trail rivals this year
