The Boston Globe reports that State Street Corp. has eclipsed BankBoston Corp. to become Boston's second most-valuable public financial services company, trailing only Fleet Financial Group.

Nationsbank, N.A. has completed its purchase of 50% of Marsico Capital, the Denver-based investment management firm specializing in large capitalization growth stocks.

Marsico was formed in September 1997 by well-known money manager Thomas Marsico and manages $4.7 billion in assets. Nationsbank announced its intent to purchase in November 1998.

Donald H. Brydon, chairman and CEO of AXA Investment Managers, in an interview with BusinessWeek Online discusses the possibility that index funds have become dangerous and have started to run counter to the basic principles of diversification. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE