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Rating:As Markets Reopen, Firms Are Getting Back to Business Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 31, 2012

As Markets Reopen, Firms Are Getting Back to Business

News summary by MFWire's editors

Though Hurricane Sandy has largely passed, the ramifications are still being felt up and down the east coast, including in the financial and mutual fund industries.

The financial press was all over what to expect today as things start to inch back toward normalcy.

The NYSE and other stock markets are reopening today. CNNMoney has an article about what to expect on the exchanges today.

Bloomberg BusinessWeek had an article detailing what fund managers are likely to do in the coming three days. With the fiscal year coming to an end for some fund shops, many PM's will be cramming a week's worth of moves into the coming three days.

What the storm could mean for Wall Street was the topic of a story in the New York Times DealBook. It notes that this is a test for the industry, to show investors and Americans that the business is really back.

Investors Business Daily, meanwhile, published a story yesterday about how mutual fund shops were responding to the storm, including checking in on customer reaction.

Finally, check out MFWire's own coverage on how how asset managers are dealing with the storm from yesterday.  

Edited by: Ben Geier


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