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 |
|
Thursday, July 1, 1999 Odd Lots, July 1, 1999 Seligman uses unique fund structure From The Wall Street Journal -- subscribers only Seligman is raising $500 million for its New Technologies Fund which will invest in Internet companies before they go public. Co-managed by Paul Wick and Storm Boswick will be able to invest up to 35% of the fund in private equity. The fund circumvents the 15% limit by using a closed-end structure. Unlike other closed-end funds, though, it will not be exchange listed. Every quarter, the fund will buyback as many as 5% of its shares. The fund will have a 3% load and 3% expense ratio including a 2% management fee. Brill's advises readers on fund expense trap From Brill's Mutual Funds Interactive In an effort to sway readers from giving up prematurely on high-expense mutual funds, Humberto Cruz discusses how to "escape the fund expense trap." Institutional funds cater to the common man From Brill's Mutual Funds Interactive Lynn O'Shaughnessy chronicles the trend of institutional funds that are beginning to open their doors to everyday people, not just the wealthy. Printed from: MFWire.com/story.asp?s=24298 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |