All for one and one for all
From The Wall Street Journal -- password needed
After being burned by fund managers turned into celebrities and then using their fame to walk away, many fund companies turned to emphasizing management teams. Now there is a new trend. Teams are walking as a ... well ... team. The paper quotes Warren International Inc., an executive search firm that has been engaged by Deutsche Bank and Evergreen parent First Union as noting that the number of "liftouts" it is working on has roughly doubled this year. How much does all of this movement cost? Bankers Trust reportedly spent $2.3 million in search fees and other costs to find SSgA's index managers after it lost its homegrown talent to Merrill Lynch.

Bogle is back
From The Boston Globe
A Bogle is once again in the saddle, riding over a fund. Yes, his name is Jack -- Jack Jr. The son of the founder of Vanguard is in Wellesley, Massachusetts at Bogle Investment Management where he is in charge of the Bogle Small Cap Growth Fund. The new fund is focused on research and tax-efficiency. Bogle expects to serve the institutional market with the new company, which may offer a series of funds. Bogle left Numeric Investors last February after ten years.

Lipper too confusing?
From The The Dallas Morning News
The paper is turning up the heat on Lipper Analytic's plans to add seven investment objectives to its classification scheme and revamp how it classifies funds. Most under attack is the new multi-cap category. 

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