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, May 3, 2001 Merrill Vice Chair to Retire Liberty Financial's stock took a dive ($6.88, more than 16 percent, to $35.15) after news of the sale of the annuity biz to Sun Life Financial and flagging earnings, according to Reuters. Investors were disappointed that Liberty's mutual fund sib still awaits a beau while Keyport is sending out wedding invitations. * * * It's official: Bjurman Funds is imminently about to close its $226 million AUM Micro-Cap Growth Fund to new investors, which had been slated for a $250 million cap, as reported earlier . Senior vice president T. Michael Graf said that, at its current $1 to $3 million in daily growth, the fund should turn off the spigot anywhere from one to two months from now. * * * Merrill Lynch's Vice Chairman, John "Launny" Steffens, will retire on June 15 to launch an investment management firm specializing in alternative investments and hedge funds. Printed from: MFWire.com/story.asp?s=26456 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |