From The NY Daily News
Look around the office ... is there anyone who can't stop smiling? Did anyone get caught xeroxing their butt? You may have a millionaire in your midst, courtesy of iWon.com. OppenheimerFunds' marketer Josh Kantrowitz of Manhattan was the online firm's fourth winner of $1 million. The company also gives away $40,000 per day and will give away a whopping $10 million on Tax Day.
Fidelity manager underused?
From The Boston Globe
The Globe's staff opines that Fidelity's Neal Miller, manager of the $3.6 billion New Millenium Fund is underused, managing this relatively smaller asset pool. The article, which seems to have been underwritten by Miller's PR people, also suggests that Fidelity re-open his fund to let new investors in.
Janus tech fund manager's rookie year
From The Wall Street Journal
Mike Lu, a 30-year-old rookie fund manager of the Janus Global Technology Fund, posted spectacular returns of 212% in 1999, making it one of the top-performing funds of the year. During a year which saw increasing difficulty in attracting new money, especially for new funds, Lu's fund brought in $4.3 billion, causing Janus to close the fund in early January. The fund was bringing in $100 million per day at the time of its close, according to Janus.
New conference for Latin America's asset managers
From Thomson Financial
Thomson Financial's trade publication, Latin Fund Management
, will be sponsoring what it calls the first conference dedicated to the asset management business in Latin America, on May 29-30 in Buenos Aires, Argentina. The keynote speaker will be Steve Hanke, a member of the Steering Committee of the G-7 Council in Washington and a Fellow at The World Economic Forum in Geneva. Topics will include distribution strategies, cross-border joint ventures and the opening of Latin American markets.
Stay ahead of the news ... Sign up for our email alerts now