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 |
|
Monday, April 16, 2001 Big Banks Merge Touchstone is part of marketing effort aimed at educating consumers about variable annuities. Answering questions and clarifying terms, it accepted an offer to be a key carrier for the online annuity section of InsWeb's Web site. (Added 10:53 AM) Deutsche Asset Management lifted Gary Cohen from the position of chief investment officer at SSB Citi Asset Management to fill the position of chief investment officer for the Americas. (Added 10:53 AM) First Union and Wachovia will merge as equals, creating the fourth largest bank-owned mutual fund complex, measured by assets under management. (Added 10:53 AM) The Strong Family of Funds will submit a new advisory agreement between each fund and its advisor, Strong Capital Management, to a shareholder vote. The agreement will add new breakpoints to the management fee, unbridle the management fee from the administration fee, and eliminate an expense cap. (Added 11:23 AM) MyBenefitSource partnered with Diversified Investment Advisors to serve as the administrator for qualified plans, which include Transamerica Life Insurance and Annuity Company and Western Reserve Life Insurance Company. The combined services will electronically sweep the remittance of 401K contributions from the client company. (Added 11:23 AM) American Century promoted three portfolio managers: Gina Sanchez to the American Century Strategic Asset Allocation, Conservative, Moderate and Agressive Funds; Trevor Gurwich to the new American Century International Opportunitites Fund; David Rose to the American Century Vista Fund. (Added 3:58 PM) Printed from: MFWire.com/story.asp?s=26684 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |