MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, October 2, 2009 Ameriprise May Merge Some Fund Boards How is Ameriprise going to realize some economies of scale after it buys the long-term (i.e. non-money-market) piece of Columbia Management from Bank of America. Reuters' Ross Kerber reports that the brokerage may merge some fund boards with the boards at its own RiverSource, potentially saving "several million dollars a year in salaries for directors." Printed from: MFWire.com/story.asp?s=22839 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |