The Greenwich Global Hedge Fund Index rose 0.98% in March, bringing year-to-date returns to 2.82%, according to a preliminary report released today by Greenwich Alternative Investments LLC.
Nasdaq Stock Market Inc. has teamed with BetterInvesting, a nonprofit investment education organization, to launch the BetterInvesting 100 Index, a listing of the top growth companies that the group's 13,127 investment clubs and 131,556 individual members hold.
Abolishing the role of mutual fund boards of directors in approving advisory expense ratios would lead to more competition in mutual fund fees, according to a book released in Washington today.
With the deadline for complying with the rule that governs agreements between them just a week away, mutual fund companies and intermediaries are busy ironing out last-minute wrinkles.
PHILADELPHIA — The exchange traded fund industry is tripping over itself to come out with new buzz-worthy products.
NEW YORK — Although exchange traded funds are growing at a torrid rate, with a new offering almost daily, one area where ETF growth has been slow is in retirement accounts.
Summit Mutual Funds’ Gary Rodmaker, in tuxedo and bow tie, was quite a sight rounding Manhattan’s Columbus Circle in a bicycle taxi on his way to accept a trophy at last month’s Lipper Fund Awards 2007.
BOSTON — Fidelity Investments, the biggest U.S. mutual fund firm, plans to merge Fidelity Advisor Korea Fund and Fidelity Nordic Fund into two larger, more diversified funds in an effort to provide less volatile returns for fund shareholders.
BOSTON — Independent advisers are used by 22% of millionaire households, and those advisers on average hold 56% of the millionaires’ investible assets — the largest share among financial service providers, according to a survey released last Monday by Fidelity Investments.
Stock market volatility and worries that more bad news from the housing sector could threaten the U.S. economy’s prospects for a soft landing are likely to make 2007 “a dynamite year” for money fund inflows, a well-known money fund expert said last week.
WASHINGTON — The Department of Labor has put the issue of enhanced 401(k) fee disclosure on its agenda, a move that could take some of the wind out of the sails of a legislative threat.
In the first criminal case against a hedge fund for market timing, Beacon Rock Capital LLC and a former broker were charged with defrauding mutual funds of $2.4 million.
It’s unlikely that the crisis in the subprime-mortgage market is going unnoticed by some prominent mutual fund managers.
As exchange traded funds proliferate, ETF producers are getting more aggressive when it comes to pitching product.
As indexes developed specifically for exchange traded funds proliferate, so do concerns about potential conflicts of interest that may exist when index providers reach for extra performance.
BOSTON — Municipal bonds — which finance projects such as roads and sewers — may not be the sexiest investments, but if investor inflows count for anything, OppenheimerFunds Inc.’s Rochester unit looks like Sophia Loren.
The Securities and Exchange Commission is considering whether to raise the financial bar for investing in private-investment pools other than hedge funds.
The number of companies that rate exchange traded funds — and the methods they use to rate them — is growing.
Buoyed by the firm’s popularity with financial advisers, net inflows at American Funds have dwarfed its competitors’ over the past five years.
Fidelity Investments’ plan to subject more of its adviser-sold mutual funds to performance-fee adjustments got a chilly response last week from some financial advisers who said such incentives could encourage funds to take on too much risk.
