Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Illusionist
By Staff WriterOne of the banes of modern investment manage- ment is the existence of closet indexers--money managers who are ostensibly active managers but who in fact...
January 20, 2008
VA Points To Make When A Client Leaves A JobAmericans change jobs frequently, and that can mean multiple retirement plans--pension or profit-sharing plans, 401(k) or 403(b) plans, and personal individual retirement accounts.The question becomes, ...
January 14, 2008
Magellan Fund Reopens to New InvestorsAdvisors will be able to buy Fidelity's Magellan fund for new investors for the first time since September 30, 1997, Fidelity Investments announced on January 14. Because of redemptions by investors who had invested in Magellan for their retirement accounts, and are now poised to take distributions, the fund has...
January 01, 2008
Protecting Family AssetsLast month We looked at the emotional and financial challenges of advising a client during a divorce settlement. When analyzing the client situation, advisors have...
December 11, 2007
Insurer IRA Assets Increase 5%U.S. residents ended 2006 with $4.2 trillion in individual retirement account assets, up about 16% from the 2005 total.Researchers at the Employee Benefit Research Institute, ...
December 05, 2007
Executive Invests In Own CompanyRoy T.K. Thung has responded to a drop in the price of the stock of Independence Holding Company by spending $520,000 to buy 40,000 IHC ...
December 05, 2007
Pru Forms Joint Venture In IndiaPrudential Financial Inc. has become the majority owner of a new investment company in India.Prudential, Newark, N.J., will own a 61% interest in the new ...