MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, January 18, 2001 January 18, 2001 Fortune Digs For Janus' Skeletons From Fortune Janus executives can't be happy with the profile of the firm in the current issue of the magazine. The article dishes the dirt on the firm and its founders, including suggestions that founder Tom Bailey used drugs in the eighties. It also details his less than obsessive work habits in the past and a coup led by Tom Marsico. To top it off the author claims that now "Janus faces perilous times." SEC Gets Tough on Names From New York Times The report from Bloomberg explains the action taken by the Securities and Exchange Commission to tighten rules on the naming of funds. The SEC will require funds suggesting that they concentrate on specific investments to invest at least 80 percent of their assets in such securities, up from 65 percent under the old rule. Europeans Get Conservative From Wall Street Journal European investors are seeking shelter in more conservative funds, reports the paper. Bond and money market funds saw an inflow of assets in both November and December. Flows into stock funds fell across Europe: Germany, France, Italy, Britain, Spain and Switzerland fell 25% in November to $12.6 billion from $16.8 billion in December. More on the Mega Advisor Portal From Wall Street Journal The paper kicks in with its coverage of yesterday's news that PFPC, Fidelity Investments, Franklin Resources Inc. and Putnam Investments are building an Internet platform to create a one-stop shop for fund account information, fund-transactions and other customer services for financial advisers. Steven Miyao, chief executive at Kasina is quoted as saying that "This is significant for the mutual-fund industry -- probably the biggest thing on the Web for the industry as of late." Printed from: MFWire.com/story.asp?s=26358 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |