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, February 16, 2001 New DeAm COO Publically-traded fund firm U.S. Global ($1.8 billion) has tapped a new COO/CFO in Bobby Duncan. The firm also said that it is exiting the 401k business. It has only $31 million in 401k assets and three employees in the area. (added 10:00 AM 2/16) * * *
Nvest Companies has changed its name to CDC Ixis Asset Management North America. The firm was purchased by Caisse des Depots Group’s in October. Its mutual fund group will go under the name CDC Nvest. Loomis, Sayles & Co., AEW Capital Management, Harris Associates, and Westpeak Investment Advisors are all units of the firm.
(added 9:30 AM 2/16)
* * *
Dodge & Cox has filed to open its fourth fund -- the Dodge & Cox International Stock Fund in May. This is the firm's first new fund since 1989.
(added 9:30 AM 2/16)
* * *
The closed-end Zweig Total Return Fund is submitting to a May 8, 2001 shareholder vote to open-end the fund. The vote is due because the fund has sported an average discount from its net asset value of 10% or more in each week during the quarter ended December 31, 2000.
(added 8:55 AM 2/16)
* * *
Total money market mutual fund assets grew $13.45 billion to $2.018 trillion in the week ended Feb. 14, according to the Investment Company Institute.
(added 8:55 AM 2/16)
* * *
Deutsche Asset Management has named former Merrill Lynch-exec Thomas J. Hughes as its new global chief operating officer. He replaces Mark Gelnaw, now chief operating officer and head of strategic funds for DeAM's Alternative Investment businesses, and reports to Michael Philipp, chairman and CEO.
(added 8:55 AM 2/16)
* * *
Morningstar is promoting Nicholas C. Barberis' winning of the fifth annual Paul A. Samuelson Award from TIAA-CREF. He is an advisory board member of Morningstar's Online Advice unit and associate professor of finance at the University of Chicago Graduate School of Business.
(added 8:55 AM 2/16)
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