Posted by admin on June 20th, 2008
The complaint charges Fidelity Management & Research Company (”Company”) and certain related entities, among others, with violations of the Securities Act of 1933. The Company is the investment advisor to the entire group of mutual funds under the Fidelity name.
No class has yet been certified in the above action. If you are a member of [...]
Posted by admin on June 15th, 2008
Retirement savers have been plowing money into foreign stocks, but experts say many are failing to consider taxes and how the investments fit within their overall plan.
Foreign stock mutual funds accounted for $722 billion in workplace retirement accounts, including 401(k) plans, and in individual retirement accounts last year, according to the Investment Company Institute, a [...]
Posted by admin on June 11th, 2008
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of The Bank of New York Mellon, today announced that Ark Asset Management Co., Inc. (Ark), a leading investment management firm in the institutional marketplace, will transition its installation of the Eagle investment management suite, which is currently managed in-house, to [...]
Posted by admin on May 27th, 2008
Doha Bank is setting up a finance company in India by acquiring a 49 per cent stake in an unnamed brokerage for an undisclosed amount. However, the bank did indicate in a previous statement in May 2007 that it was planning to buy into a brokerage company called Investnet, which is owned by Select Securities. [...]
Posted by admin on May 17th, 2008
The addition of new real estate investment products and property funds that developers are lining up are expected to exacerbate the talent crunch in real estate.
“The sector is currently hiring for front-office, back-office and operational roles. The levels are comparable to the first wave of aggressive hiring witnessed in the late nineties. We have seen [...]
Posted by admin on May 9th, 2008
Government red-tape is keeping millions of American workers in small firms from saving for retirement, a U.S. mutual fund trade group executive said on Wednesday, limiting a huge potential market for the $11.7 trillion industry.
“Any employer thinking about offering a 401(k) plan today encounters a profusion of regulatory requirements, head-scratching complexities, and sobering legal liabilities,” [...]
Posted by admin on May 1st, 2008
The “Asian century” and the “Chinese century” are terms that you are virtually certain to be hearing with greater frequency and earnest. Investment Banking And with the forthcoming Olympic Games in China, the volume of this terminology is sure to intensify.
With the U.S. dollar cascading relative to many Asian currencies and with treasuries and [...]
Posted by admin on April 25th, 2008
FundQuest, Investment Company a provider of turnkey managed account solutions, launched nine mutual funds as part of their new ActivePassive Funds family. These funds combine active and passive investment strategies within a single portfolio and are now available through Fidelity, Pershing and TD Ameritrade. The ActivePassive Funds will soon launch with Schwab and a [...]
Posted by admin on April 16th, 2008
BlackRock Inc.’s first-quarter net income rose 24% but failed to meet analysts’ expectations, as investors withdrew money from the firm’s core bond funds to put into lower-fee cash investments.
While the company posted earnings of $1.82 a share, Investment Banking up from $1.48 a share, a year earlier, analysts surveyed by Thomson Financial forecast on average [...]
Posted by admin on April 11th, 2008
Fidelity Management & Research’s gave its stamp of approval to Ambac Financial Group on Thursday, but the move was overshadowed by the revelation that JPMorgan Chase slashed its stake in the ailing bond insurer.
Fidelity Management & Research, acts as an investment adviser to Fidelity Investment’s family of mutual funds, and is Ambac’s largest shareholder.Investment Advice [...]
