Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Odd Lots, September 8, 1999 Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, September 8, 1999

Odd Lots, September 8, 1999

Reported by Hayley Green

Maybe the merger wasn't a great idea
From Investment News
After the Scudder Kemper Investments merger investors took out $2.02 billion more than they put in during the first six months of this year, according to Financial Research Corp. Of every dollar that left the company through June, 33 cents went out Scudder's doors and 67 cents went out Kemper's. The reason why, according to industry experts -- uncompetitive performance, an overhaul of its stock-picking process, a rash of executive defections and a difficult reorganization.

Up close and personal
From TheStreet.com
As reported yesterday in the Wall Street Journal, OpenFund has opened the magic curtain taking disclosure to new levels. The fund is posting the details of its trades on its website at as soon as they're completed and encouraging investors to discuss holdings with the fund's managers on discussion boards. Investors can even see the firm's traders and portfolio managers at work via a trading room Web-cam. Critics believe market-timers will bring down the curtain or the fund's gimmicky disclosure policy could lead investors to overlook its risks.

Putting your money where your mouth is
From The Wall Street Journal
Investors feel that the managers of their funds should eat their own cooking. Bridgeway Capital Management Inc. of Houston is doing just that. The fund company is disclosing the salary and holdings of Bridgeway majority owner and fund manager John Montgomery. The Bridgeway disclosure provides a look at the economics of the fund business and also shows that Montgomery has put a lot of capital into the small firm. Bridgeway has only taken out modest cash, in hopes of building a business that could be worth far more later.

First Union abuses 401(k) plan
From The New York Times
In a lawsuit filed yesterday, employees of First Union Corp., owner of the nation's sixth-largest bank, accuse their employer of operating its 401(k) plan to earn "monopolistic profits" at the expense of its workers. The suit contends the company charged higher fees for its workers than it charged much smaller 401(k) plans it manages. The suit also contends that as First Union considered entering the recordkeeping business it experimented using its 401(k) plan and then charged these costs to its workers.



 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF Director Discussion Series - Open Forum, July 9
  2. ICI webinar - The Digital Future of Asset Management: Current State and Regulatory Landscape, July 10
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use