Dai-ichi to buy up to 20% of struggling mutual fund company; 12 straight quarters of redemptions
Two prominent mutual fund companies are hard at work moving beyond the specialties that made them well-known in the first place.
Janus' lesser known bond funds played a big role in a Japanese life insurer's decision to buy a stake in the firm.
Fund firm plans to offer 17 active exchange-traded funds; weighed down by sagging interest in mutual funds
Dube failed to provide commission with documents on eight separate occasions, regulator claims; administrative hearing pending
Co-managers of ultra-concentrated fund put entire net worth on the line
But list from Commission does not show which companies actually took action; fuel to the fire?
TCW has doubled his mutual fund assets from 2009, when Jeffrey Gundlach's departure led to a number of client defections
Angry that ex-employer is trumpeting Lipper award for fund he used to run
Governors say central bank could cut money-fund firms off at the source; 'capital drain'
SEC chairman stands her ground in testimony before Congress; industry dubs reform 'deadly medicine'
'We are waiting direction from the chair,' says deputy director of Investment Management Division
Scottrade, Russell out of the pool; FocusShares failed to gain investors' focus
Nimbler exchange-traded fund outperforming flagship mutual fund by yards; 'difficult to beat the market when you are the market'
Knight Capital Group Inc. opened its books to potential buyers, including private-equity firms and at least one securities-industry rival, as it seeks an investment or takeover to survive after a $440 million trading loss.
A veteran regulator who has been instrumental on issues involving the investment advisory sector is leaving the Securities and Exchange Commission.
Knight Capital Group Inc. (KCG) has “all hands on deck” and is in close contact with clients and counterparties as it tries to weather trading errors that cost it $440 million, Chief Executive Officer Thomas Joyce said.
