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 |
|
Tuesday, February 23, 1999 Odd Lots, Feb. 23, 1999 After his presentation on mutual fund fees disclosure at Tuesday's Securities and Exchange roundtable on mutual funds, Robert Pozen, president of Fidelity's fund group called for closer scrutiny of fees in the hedge fund business. Pozen is quoted in TheStreet.com as saying, "I'd like to see him have the political courage to take on the hedge funds." Pozen was reported to point out the detailed fee disclosures that funds must already provide and the practice of hedge funds charging fees that funds are unable to charge, such as performance based fees. Moody's and S&P are both offering new mutual fund products to financial intermediaries, bringing them into more direct competition with Reuters and Morningstar, says The Wall Street Journal. An article in The Philadelphia Inquirer wonders whether supposed niche funds like two recent golf-centric fund launches are merely marketing ploys or are taking advantage of a loyal, avid golfer client base. Health/Biotech funds have sold four times as much this year as they did in all of 1997 and the future looks bright, according to The Mutual Fund Cafe. Printed from: MFWire.com/story.asp?s=24654 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |