Lipper reports that $1.5 billion flowed out of stock mutual funds in July, a feat last accomplished in March, says Reuters. On the opposite end of the spectrum, Lipper also found that bond funds took in $6.9 billion in July, an amount unmatched since January.



Stephen Shapiro, co-founder and Managing Director of Wachovia subsidiary OFFITBANK, has joined Satellite Asset Management as a principal and portfolio manager effective September 1st. 

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