FUND RATERS BECOME RAIDEES IN M&A BLITZ
Like mutual funds themselves, the companies that rate them felt the pinch of heightened competition in 1998. Morningstar…
OUR GANG OF 71: SEE HOW IT GROWS
Wealth managers, unite. When the year began, a group of advisers – dubbed the Gang of 71 –…
ADVISER M&A: TALK BUT LITTLE ACTION
While many advisers talked the talk about merging and acquiring one another in 1998, only a few managed…
LONG SWATTED, GOLDBUGS SWARM
Gold investors, the butt of jokes for decades as the metal lost its luster relative to stocks, were…
BLOCK TO TACKLE FINANCIAL PLANS
Seems like all kinds of companies want in on the investment-advice business these days, but the 1998 entrance…
THE YACKTMAN COMETH (AFTER HIS DIRECTORS)
When 1998 began, Donald A. Yacktman was a big-name mutual fund manager with a pair of funds whose…
A YEAR OF BANKS MERGING AGAIN
Big bank mergers did more than create the nation’s first coast-to-coast bank in BankAmerica Corp.: They put some…
BONDS PROVE NO MAGIC PILL FOR SLEEPLESS NIGHTS
Equity-like fits and starts shook the normally sleepy world of bonds even as interest rates held steady for…