Fidelity has decided to outsource recordkeeping in the Japanese defined contribution market, reports Reuters. The news was revealed when the Boston Behemoth told the news service it is nixing plans for a call center in Tochigi where the firm has already purchased land. The center was to have supported DC administration and served as a call center. Fidelity told Reuters it will
use the Internet and its broker-dealer and bank partners to provide distribution instead.
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Graylyn Associates and Financial Research Corporation are broadcasting the October 4 rondtable addressing the fall-out of the September 11 attacks on the fund industry. The webcast is available at www.acadient.com
. Simply click the "View Webcast of October 4 Investment Roundtable" to access the webcast, free of charge - compliments of Acadient.
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Bethesda, Maryland-based Calvert has tapped a former World bank executive to oversee its socially
responsible products. Kemal Ahmed, formerly a senior investment officer managing $4 billion in U.S.
equities for the World Bank Group's Treasury Department, as senior vice president of its Equities
Department. He will oversee those evaluating and monitoring the socially-screened equity products and will play a role in identifying products to expand Calvert's line-up.
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There is a new work concerning the new economic environment with an intended audience of portfolio managers and others in financial services. It is entitled Managing Downside Risk in Financial Markets
, and it is edited by Dr. Frank Sortino. It is a compilation of articles written by those who practice post-modern portfolio theory. Among the contributors are Kathleen Ferguson and Brian Rom.
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