ark Veverka in the San Francisco Chronicle
writes that J.P. Morgan is moving David Weir
, a managing director, to its San Francisco office to be head of the bank's thirteen-state Western region and co-head of its technology and telecommunications investment banking group. Weir had been president and chief executive of Morgan's Toronto-based Canadian operations. Veverka reports that Morgan was running its technology banking operation out of New York, but that the bank now realizes it needs to be closer to the Bay Area's robust tech community.
n The Boston Globe
columnist Martha Brill writes that credit ratings are vastly overrated as an investment tool despite often being a key criteria for investors evaluating bonds. Her source: Daniel Charleston
, manager of the Seligman High-Yield Bond fund.
oday's Wall Street Journal
writes about the latest study to discuss the state of mutual fund fees, this one non-industry sponsored, by Morningstar, Inc. The Chicago-based research company has found that fees have fallen, but not as much as it expected based on asset growthi in the industry.
The Journal also analyzes the boom at Fasciano Funds, which has nearly tripled in size since last fall due to its strong risk-adjusted investment performance.
Stay ahead of the news ... Sign up for our email alerts now