David Hoffman

David Hoffman
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INVESTING MUTUAL FUNDS AUG 23, 2009
Fund giants Fidelity, Vanguard and others turn up lobbying

Fidelity Investments of Boston spent $940,000 — both directly and via third-party firms — during the second quarter to lobby lawmakers in Washington on financial regulatory reform, retirement, taxes and other issues, according to recent filings with the House of Representatives' Office of the Clerk.

NEWS REGULATION AND LEGISLATION AUG 18, 2009
Fidelity, Vanguard, others spent big bucks on 2Q lobbying

Boston's Fidelity Investments spent $940,000 — both directly and via third-party firms – during the second quarter to lobby Washington lawmakers on financial regulatory reform, retirement, taxes and other issues, according to recent filings with the Office of the Clerk of the House of Representatives.

INVESTING ETFS AUG 16, 2009
Vanguard registers for seven bond ETFs

The Vanguard Group Inc. last week filed a registration statement with the Securities and Exchange Commission to offer seven bond index exchange traded funds in what some industry experts think will be a direct challenge to iShares, the dominant fixed-income ETF provider.

NEWS INDUSTRY NEWS AUG 14, 2009
Pimco's Gross ponies up $23M for posh new pad

It was listed for $26 million, but bond guru Bill Gross bought a bay-facing home on Harbor Island in Newport Beach, Calif., for $23 million, according to reports.

INVESTING ETFS AUG 11, 2009
Vanguard registers for seven bond ETFs

Vanguard today filed a registration statement with the Securities and Exchange Commission to offer seven new bond index exchange traded funds in what some industry experts believe to be a direct challenge to iShares, the dominant fixed-income ETF provider.

INVESTING ETFS AUG 09, 2009
Galvin demands answers from firms that sell inverse and leveraged ETFs

Massachusetts regulators sent subpoenas to four brokerage firms July 31 seeking information about the way they sold inverse and leveraged exchange traded funds. The subpoenas were issued weeks after the firms restricted the sale of the products or stopped selling them altogether.

INVESTING MUTUAL FUNDS AUG 09, 2009
Fidelity to trail in assets for the foreseeable future

Despite the improved performance of its mutual funds, Fidelity Investments isn't likely to recapture the crown as the firm that controls the most long-term-fund assets anytime soon.

INVESTING ETFS AUG 07, 2009
ETF assets hit a record $862B worldwide

Exchange traded fund assets worldwide hit an all-time high of $862 billion at the end of July, 7% above the previous record of $805 billion set in April 2008, according to data released today from the London-based research team of Barclays Global Investors in San Francisco.

INVESTING ETFS AUG 07, 2009
Morgan Stanley Smith Barney curbs leveraged ETF sales

Morgan Stanley Smith Barney LLC today announced restrictions on the sale of leveraged, inverse, and leveraged-inverse exchange traded funds by its brokers and advisers.

INVESTING ALTERNATIVES AUG 04, 2009
AIG Investments close to $300M sale to Crestview

AIG Investments, the asset management arm of American International Group Inc., is close to being sold to a group that includes private equity firm Crestview Partners for $300 million to $400 million, Reuters reported today, citing a source.