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Putnam to Offer Hedge Funds Within Six to 12 MonthsAs part of an increasing trend among mutual fund companies to diversify their offerings into new areas, Putnam Investments is planning to offer hedge funds in the next six to 12 months, according to the firm’s chief executive officer, Robert L. Reynolds. Read More... |
CP market perks up as firms tap mutual funds to reduce costs
Business Standard IndiaThe issuance of commercial papers (CPs) has shot up in the past few months with many big companies tapping mutual funds (MFs), which are flush with funds. The firms wanted to reduce their working capital costs by raising money via CPs issued to these funds.
Wells Fargo Eyes Shake-Up at 2 Evergreen Funds
New York TimesWells Fargo may replace the Tattersall Advisory Group as manager of two Evergreen fixed-income funds after they posted large losses. Evergreen Investments , a mutual fund and institutional investment division of Wachovia, recommended that Wells Capital Management take over as adviser for the Evergreen Core Bond Fund and Evergreen Core Plus Bond Fund, an Evergreen spokeswoman, Laura Fay, told ...
Public Mutual wins Asian Investor award again
Business TimesPUBLIC Bank's ( 1295 ) wholly-owned subsidiary, Public Mutual, has won AsianInvestor's "Best Malaysia Onshore Fund House" award for the second consecutive year.
Mutual funds watch rally from sidelines
Business Standard IndiaMutual funds, flush with cash, are busy booking profits instead of investing in this rising market.
China Mutual Funds Raise $14.8 Billion, Securities Times Says
BloombergJune 2 (Bloomberg) -- As many as 41 mutual funds were founded in China in the first five months of this year, raising 101 billion yuan ($14.8 billion) to buy bonds and stocks, state- run China Securities Times reported.
Getting To Know Hedge-Like Mutual Funds
InvestopediaHedge funds have enjoyed tremendous profits using alternative strategies, and these funds often outperform traditional investments such as stocks, mutual funds and bonds. This success has led a relatively new class of mutual funds to mimic hedge funds by adopting alternative strategies.
SEC Announces $78 Million Fair Fund Distribution to Harmed Investors in AIM Mutual Funds
U.S. Securities and Exchange CommissionWashington, D.C., June 1, 2009 — The Securities and Exchange Commission today announced the Fair Fund distribution of more than $78 million to more than 590,000 investors who were affected by undisclosed market timing in certain AIM mutual funds.
Sun Life and CI raise fees, limit deposits in segregated funds
The Canadian Press via Yahoo! Canada NewsTORONTO - Sun Life Financial (TSX:SLF) and CI Investments Inc. (TSX:CIX) are raising fees and limiting deposits in their lineup of segregated funds.
Learn more about tax-saving mutual funds
rediff.comELSS are mutual funds that invest in the stock market and give the tax benefit under Section 80C of the Income Tax Act.
Turner Opens Mutual Fund Designed to Mimic Hedge-Fund Strategy
BloombergMay 11 (Bloomberg) -- Turner Investment Partners, the asset-management firm run by Robert Turner, opened its first mutual fund designed to earn returns like hedge funds.