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Rating:Lincoln Trims Fund Staff Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, July 30, 2001

Lincoln Trims Fund Staff

Reported by InvestmentWires Staff, 

Lincoln Capital is letting go of an unnamed number of employees in the wake of its termination as subadvisor to Vanguard's U.S. Growth fund, according to a report in Crain's Chicago Business. The story quotes Alec Knowles, marketing director and unnamed sources.

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A measly 23 percent of equity funds showed gains for the first half of the year, according to a new study by Weiss Ratings. However, though some sectors such as technology raked up massive losses, there were a handful of funds that were able to post modest gains even in poorly performing sectors.

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BISYS will provide Associated Insurance Management Group, a subsidiary of Associated Banc-Corp, with an insurance distribution solution for AIMG's traditional life, long-term care, annuity, and disability insurance offerings. In addition, BISYS will provide AIMG with back office and administration services.

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Arzei Capital Group, a firm that raises private capital for public companies, has joined vFinance's Asset Management and Investment Banking Group. The move is designed to provide vFinance's high net worth clients and the firm itself with private investment opportunities in public companies.

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Weiss, Peck & Greer, a New York based unit of Robeco Groep NV, has filed plans with the SEC to liquidate it's $4 million WPG International Fund.

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Promistar Financial has partnered with BlueSuit, a financial services provider to institutions, to offer its clients online brokerage access including the ability to trade stocks online. 

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