The Reserve Management Co. Inc. of New York today completed the first wave of distributions to shareholders from the liquidation of the Primary Fund.
Investors pulled $21.9 billion out of stock and bond mutual funds in September, according to estimates from the Financial Research Corp. of Boston.
Mutual funds and other companies that seek regulatory-rule exemptions will have to submit their applications electronically under a rule adopted today by the Securities and Exchange Commission.
The Reserve’s handling of its communications surrounding the financial problems, unfortunately, earn a grade of less than a gentleman’s “C.”
At least one portfolio manager claims to be staying one step ahead of the market mayhem, thanks to the stars.
Recent market volatility is forcing mutual fund managers to pay more attention to how much risk they are taking in their portfolios and to focus more on balance sheets.
Wells Fargo & Co. has made its first foray into socially conscious investing.
For some portfolio managers, the upside of all the recent market turmoil is that almost everything suddenly looks cheap.
Wells Fargo & Co.'s anticipated acquisition of Wachovia Corp. will create a new mutual fund behemoth.
Pimco wants to be more than just a fund manager, and plans to expand that message to the retail marketplace.
Believe it or not, some presumably sane and sober investors are looking forward to opening their next mutual fund statement.
Invesco PowerShares Capital Management LLC’s emerging markets infrastructure exchange traded fund began trading yesterday, the Wheaton, Ill., firm announced.
Shareholders have filed court papers asking the New York State Supreme Court to name a receiver for Reserve Management Co. Inc.’s International Liquidity Fund, in order to organize its liquidation.
The Reserve announced yesterday that the distribution from the liquidation of the Reserve Primary Fund would not happen within the time frame previously planned.
Closed-end funds are trading at discounts not seen in more than a decade, giving savvy investors plenty of opportunity to snap up a portfolio of securities for less than what those investments are actually worth.
Target date funds were hammered in the third quarter and fared worse then the S&P 500 because of poor performance from international stocks.
The Reserve Management Co. Inc. of New York announced yesterday the liquidation of 15 money market mutual funds.
The ProShares UltraShort Financials (SKF), and ProShares Short Financials (SEF) exchange traded funds resumed the normal process of creating new shares today.
Moody's Investors Service announced yesterday that it has downgraded Legg Mason Inc.'s senior debt rating to A3, from A2.
The Hartford Financial Services Group Inc. will participate in the Treasury’s money market mutual fund guaranty program on the heels of yesterday’s announcement that Fidelity Investments, The Vanguard Group and the T. Rowe Price Group will do the same.
