Today's The Wall Street Journal reports that Merrill Lynch owned Mercury Asset Management will launch two new funds, a U.S. growth-stock fund and a gold-stock fund. They also plan to launch two more funds by June.

CIBC Oppenheimer, SG Cowen Securities Corp., and Furman Selz all lost money for their owners in 1998. Foreign-owned investment banks have had a tough year of it, according to Crain's New York Business.

The Huntington proprietary family of mutual funds, The Monitor Funds, has changed its name to The Huntington Funds. The change went into effect January 1, and is intended to help brand the funds with the bank's name, taking advantage of changing regulations for naming a bank's proprietary funds.

Dain Rauscher announced earlier this month that it was acquiring women-owned Artemis Capital Group. The terms of the acquisition have not been released. 

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