Displaying 62 results
American Funds is top fund family for indie B-Ds
Despite billion of dollars in outflows, American Funds is the most popular fund group among independent broker-dealers, according to a survey conducted by InvestmentNews.
Target groups see changes to rankings
Morningstar Inc. has updated its quarterly ranking of large target date fund groups, raising its rating on TIAA-CREF and MassMutual Retirement Services, while lowering its rating on Fidelity Investments
Oppenheimer eyes novel way of getting into actively managed ETF biz
Glavin says firm is mulling possibility of converting mutual funds into exchange-traded funds; won't introduce 'clones'
OppenheimerFunds unit tapped to manage $160M 529 plan
The Tuition Plan Consortium has tapped OFI Private Investments Inc., a subsidiary of OppenheimerFunds Inc., to manage its…
OppenheimerFunds digital campaign targets advisers
OppenheimerFunds Inc. is moving away from traditional print ads and brochures to focus on new digital marketing strategies aimed at financial advisers.
Job cuts seen at securities firms
Securities firms around the world will cut as many as 80,000 jobs in the next 18 months as revenue growth begins to slow, said Meredith Whitney, the former Oppenheimer & Co. analyst who famously predicted in 2007 that Citigroup Inc. was undercapitalized.
OppenheimerFunds tries to reverse decline
OppenheimerFunds Inc. has reorganized its marketing department, laying off about 20 employees and creating a division dedicated to providing investment commentary and research to clients.
OppenheimerFunds ex-boss Macaskill named CEO at First Eagle
Bridget A. Macaskill, president and COO of First Eagle Investment Management, was also named CEO.
Thesis ‘democratizing hedge funds’ with new alternative offering
Stephen Roseman has introduced the Thesis Flexible Fund, which aims to providers investors and advisers that want a hedge-fund-like investment but also the liquidity of a mutual fund
Hensler to replace Carey as Oppenheimer distribution chief: sources
Onetime DWS exec Philipp Hensler is said to have been on the short list for the job last summer before OppenheimerFunds settled on Carey.
Carey leaves Oppenheimer too
OppenheimerFunds Inc. has lost its head of distribution just five months after he joined the firm.
Oppenheimer’s head of distribution exiting after five months on the job
OppenheimerFunds Inc. has lost its head of distribution, just five months after he joined the firm.
Oppenheimer reaches agreement with Illinois over 529 fund losses
The state of Illinois has reached a settlement in its lawsuit over losses in the Bright Start college savings program under which parents will get back $77.23 million — slightly more than half of what they lost in investments handled by Oppenheimer Funds Inc.
Oppenheimer settles 529 suit with Oregon for $20M
OppenheimerFunds Inc. said Thursday it will pay $20 million to settle a lawsuit the state of Oregon filed over the company's management of its 529 college savings program.
Delaware Management sold; is Columbia next to go?
One big deal is on the books — and another is in the process of being finalized — a sign that merger and acquisition activity continues to accelerate in the money management industry.
Morningstar gives Vanguard target date funds top grade
Morningstar Inc. last week launched ratings and research reports for 20 of the largest target date mutual funds — and identified The Vanguard Group Inc. as the best target date provider for investors, based on such criteria as management, fees and performance.
Rehmann taps ex-Oppenheimer, ex Stanford exec to expand Florida wealth biz
Rehmann LLC, the Saginaw, Mich.-based accounting firm, is targeting Florida as a prime market to expand its wealth management business.
OppenheimerFunds hires former Fidelity executives
William C. Carey, a former president of Fidelity Investments' registered-investment-adviser and retirement services businesses, is joining OppenheimerFunds Inc. this month as head of distribution, the asset management company said today.
Illinois nears $77M settlement with OppenheimerFunds over Core Bond Fund
The Office of the Illinois State Treasurer may reach a settlement with OppenheimerFunds Inc. by the end of this month to recover $77 million for the state’s Bright Start College Savings Program as a result of losses from the Oppenheimer Core Bond Fund last year.
Oppenheimer names new Main Street funds team
OppenheimerFunds Inc. of New York announced today a new management team for its three Main Street funds — a 12-person team pulled from RS Investment Management Co. LLC of San Francisco, a subsidiary of New York-based Guardian Life Insurance Co. of America.
