Eaton Vance is selling $150 million worth of 30-year zero-coupon notes that may be exchanged into non-voting common stock upon reaching certain price thresholds. Related MFWire.com story
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Hold onto your seats as American Century plays musical chairs with portfolio managers for three of its funds. The changes are as follows:
- Linda Peterson, who amassed solid gains for American Century Heritage will take over the $1 billion American Century Giftrust fund. Chris Boyd, John Seitzer, and Tom Telford will remain at the fund until additional managers are named to the poorly performing fund.
- Jerry Sullivan, formerly a manager for American Century Select, will join James Stowers III, Bruce Wimberly, and John Sykora on the $29 billion American Century Ultra Fund.
- Tim Reynolds will take Gerard Sullivan's place on the $6 billion American Century Select Fund, thus joining Ken Crawford who is currently at the fund. C. Kim Goodwin has been named an interim manager of the fund.
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Morningstar Asia is introducing a premium service for its www.hk.morningstar.com site in collaboration with E-finet.com. The premium service will include: research, commentary, stock screeners, and greater depth on Hong Kong listed securities.
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Towers Perrin has found in its fourth annual HR Service Center Survey that 60% of respondents will allow employees to complete their benefit enrollment online while 80% of participants allow online 401(k) allocation changes.
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T. Rowe Price has partnered with Yodlee, an online account aggregator, to provide T. Rowe investors with a free service called AccountMinder that allows investors access to all of their account information and personalized services such as e-mail on one site regardless of where the account or information is registered. Related MFWire.com story
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