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, April 7, 2000 Odd Lots, April 7, 2000 Sudweeks departs Montgomery From The Wall Street Journal Bryan Sudweeks, co-manager of the Montgomery Emerging Markets fund since its launch in 1992, is leaving the firm. The fund has struggled in recent years, but Sudweeks's departure had nothing to do with performance, according to Montgomery officials. Sudweeks said leaving the firm allows him to pursue a lifelong dream to teach international finance and to spend more time with his seven young children. Josephine Jimenez, who has been co-manager since the launch, will take over. Denver dynamo, number 2 From TheStreet.com Denver is quickly becoming America's mutual fund capital. Janus' recent success is well known, but Invesco is making waves of its own. In the first two months of the year, the firm took in $3.3 billion, third among mutual fund families and higher than Fidelity and Vanguard, according to Financial Research of Boston. Part of that growth is due to Invesco's strong performing lineup of sector funds. I (don't) want to HOLDR your hand From Morningstar The Broadband basket, the latest addition to Merrill Lynch's lineup of Holding Company Depository Receipts (HOLDRs), began trading on the American Stock Exchange yesterday. The existing lineup includes HOLDRs which focus on Internet, telecom, biotech and other industries. HOLDRs are a basket of 20 stocks in a single investment vehicle that trade like a stock throughout the day on the Amex. The good news about these vehicles is the low annual expenses and tax-efficiency. The downside is that they're not nearly as diversified as Merrill claims. Everybody have fun tonight, everybody... From InvestmentNews Alexander Cheung's departure from Monument Funds seemed friendly, but bad feelings are starting to surface. In separate interviews with InvestmentNews, Cheung acknowledged his unhappiness with the firm, and his former employer hinted at a possible lawsuit over Mr. Cheung's plan to start his own company. Cheung's abrupt exit is causing two concerns: outflows from the Internet Fund, which was managed by Cheung, and unease about the unknown new manager, Bob Grandhi. Litigation is possibility, and will likely depend on the impact at Monument and how Mr. Cheung pursues building his new firm's clients. Printed from: MFWire.com/story.asp?s=25636 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |