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A small group of market wonks is planning a trading platform targeting a category of investors they say has been overlooked by traditional stock exchanges: mutual-fund managers. Led by Bradley Katsuyama, a former head of electronic trading at ...
May 23, 2012 at 23:37 | Source: Wall Street Journal
Invest for the long term and keep daily news in perspective. It’s easy to get sucked into a negative mindset, with troubles at Facebook and JPMorgan Chase in the headlines. The social network’s botched IPO and the bank’s recent $2 billion ...
May 25, 2012 at 09:08 | Source: Boston Globe
Once you factor in the cost of paying a financial adviser’s management fee, it becomes apparent that the average mutual fund owner is starting out at a huge disadvantage. Mutual funds are also not tax efficient. Say a fund made huge gains at ...
May 23, 2012 at 10:29 | Source: Wall Street Journal
Last Saturday, I expressed chagrin at the relatively light penalties that regulators handed former mutual fund salesman Sy Mytting for encouraging five clients to borrow inordinate amounts of money to invest in mutual funds. For his sins, the ...
May 26, 2012 at 10:47 | Source: The Vancouver Sun
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut. Facebook shares were priced at $38 per share in its ...
May 21, 2012 at 21:45 | Source: Reuters
The firm will add foreign stock and bond strategies to its U.S.-based mutual-fund unit, open six more Luxembourg-based funds for offshore clients and wrest business from competitors, Niedermeyer said in an interview. The San Francisco-based bank ...
May 22, 2012 at 23:17 | Source: Bloomberg
NEW YORK — Total U.S. money market mutual fund assets rose by $1.26 billion to $2.564 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday. Assets of the nation’s retail money market mutual funds rose by $1.83 ...
May 24, 2012 at 22:53 | Source: Washington Post
BOSTON -- Investors who see opportunity in Asia's growth typically think of China first. That's one reason why there's no shortage of options for U.S. investors looking to buy a stock mutual fund that focuses on China. But venture southward to ...
May 17, 2012 at 21:21 | Source: Miami Herald
Longtime Abbotsford investment adviser Sy Mytting has been banned from the securities industry for five years after admitting he recommended inappropriate leveraging strategies to five clients. In a settlement agreement with the Investment Indus-try ...
May 19, 2012 at 09:44 | Source: The Vancouver Sun