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Rating:May 15, 2000 Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, May 15, 2000

May 15, 2000

Reported by Sean Hanna, Editor in Chief

Pioneer finds a buyer
From The Wall Street Journal
The speculation that reached a fevered pitch last week was on target -- The Pioneer Group Inc. was for sale. The buyer, it turns out, is UniCredito Italiano Group. The deal is valued at $1.2 billion and is expected to close in the third quarter. UniCredito is Italy's second-largest banking group, according to the Journal and has $80 billion in assets under management. Pioneer has $24.5 billion in assets under management.

More on Vanguard ETFs
From The Wall Street Journal
Vanguard's decision to launch exchange-traded funds continues to make news. The Journal reports the decision came after "months of handwringing." The article adds that Vanguard's "Viper" shares could start a wave of other fund companies rushing out similar products.

Other Stories of Interest
  • The San Fransisco Examiner compares Intuit and Financial Engines retirement planning services.
  • Barron's interviews Pangaea's Neil Druker.
  • SmartMoney looks at the Grand Prix funds lacking performance. 

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