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

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

Rating:Odd Lots, April 11, 2000 Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, April 11, 2000

Odd Lots, April 11, 2000

Reported by Paul Braverman

Slattery exits PBHG
From Morningstar
Quint Slattery has resigned as manager of the PBHG New Opportunities and the Select Equity funds. Gary Pilgrim, PBHG's chief investment officer and manager of PBHG Growth, will run both funds for the time being, although the firm is likely to hire a replacement manager. PBHG has suffered a number of managerial defections as of late. Jim McCall and Mike Hahn departed for Merrill Lynch last year, and Gary Haubold left to start his own hedge fund.

Related Stories:
TheStreet.com

Montgomery launches new funds
From The Wall Street Journal
This week, Montgomery Asset Management will unveil a lineup of "focused" funds called "Stock Solutions" that closely resemble stocks. Each fund will own 20-30 stocks. The portfolios will regularly post holdings information on Montgomery's Web site, with a two week delay. The share price and trading volume of each holding will also be posted on the site, with a 20-minute delay. The move comes after some tough times at Montgomery. Despite good performance in many of its funds, net withdrawals have run between $10 million to $260 million a month in 1999 and 2000, according to Financial Research Corp., a Boston fund tracker.

Chase buys Flemings
From The New York Times
Chase Manhattan bank has agreed to buy British investment bank and fund manager Robert Fleming Holdings for just under $8 billion in cash and shares. Flemings' asset management joint venture with T. Rowe Price is not included in the deal. T. Rowe Price will buy out Flemings' 50 percent stake in the venture for $780 million. The acquisition boosts Chase into the top tier of global asset managers, and gives it an investment banking foothold in Europe and Asia. Chase is one of the world's biggest custody services groups with about $230 billion in funds under management. Flemings will add another $100 billion.

 

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
2019: Q2Q1
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




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use