Results for "money market funds"

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Putnam to close money market fund

September 18, 2008

Putnam Investments today announced the shuttering of its institutional Putnam Prime Money Market Fund (PPMXX) as of 5 p.m. ET yesterday. It’s the first time the Boston-based firm has had to close a money market fund. Putnam Prime was offered...

Huge money market fund 'breaks the buck'

September 17, 2008

Signaling the depth of the current financial crisis, the money market industry, once considered to be a safe haven for investors, took a hit yesterday when the nation’s oldest money market mutual fund, The Reserve Primary Fund (RPRXX), lost...

Munder to liquidate $9 billion in funds

September 3, 2008

Munder Capital Management Inc. has announced plans to exit the money market mutual fund business. Effective immediately, the Munder Cash Investment Fund, the Munder Tax-Free Money Market Fund, the Liquidity Money Market Fund and the Institutional...

Natixis Global acquires Gateway Investments

February 19, 2008

Natixis Global Asset Management of Boston has acquired Gateway Investments Advisers, a Cincinnati-based investment manager with $7.9 billion in assets under management. The acquisition included the Gateway Fund (GATEX) as well as a range of...

Mutual funds boast banner year

January 2, 2008

Mutual funds marched their way through a successful year in 2007, reaching record levels of growth, according to a report from Strategic Insight Mutual Fund Research and Consulting LLC. Asset levels hit $13 trillion by December 2007, gaining...

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