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Thursday, February 22, 2001

Stilwell Starts Buyback

Reported by InvestmentWires Staff, 

Buffalo Funds will roll out a public version of its private science and tech fund once the SEC gives the OK. Tom Laming will pick tech biotech and healthcare stocks and Jones and Babson will provide the back office services. (added 6:00 PM 2/22)

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Kansas-based Stilwell Financial has announced its intentions to continue repurchasing shares of Janus common stock for its "Long Term Incentive Plan." The firm can potentially pick up 143,000 shares of the Denver firm, valued at approximately $145, not including the remaining holdings of president Thomas H. Bailey. (added 11:15 AM 2/22)

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Thomson Financial-owned Financial Planning interactive has expanded its news site for financial advisers. Thomson claims 50,000 unique visitors per month for the site. It added Wiesenberger mutual fund profiles and sales illustrations. (added 11:15 AM 2/22)

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ExpertPlan, the Cranberrry, New Jersey-based provided of Web-based 401(k) recordkeeping raised $1.7 million of venture capital from Paddington Venture Capital, Bridge Partners and several individuals in the financial services industry. Paddington led what is the firm's second round. (added 11:15 AM 2/22)

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