Tells fund industry executives she still sees problems with current backstops; leaning towards floating NAV
A bit of advice to SEC Chairman Mary Schapiro, who has made it abundantly clear that she intends to make further changes to regulations governing money market funds: Quit while you are ahead.
In the last 48 hours, Eileen Rominger, the new director of the Division of Investment Management at the Securities and Exchange Commission, has appeared before a congressional committee and addressed an investment advice industry group.
Forget Facebook, Pimco just completed the largest closed-end-fund IPO in two years with the $1 billion Dynamic Income Fund
Fund companies are increasingly cranking out mutual funds that invest in alternatives. But the most popular product may offer scant protection against down markets
Industry trade group up in arms over amendment to rule that exempted mutual funds from having to register as commodity pool operators
FTSE China 25 index fund from iShares recorded nearly $1B in net outflows this year; 'starting to get scared'
Bill Gross Lite outstripping flagship Total Return mutual fund by almost 300 basis points
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