Fidelity news from FierceFinance
NewsHedge funds eye mutual funds and vice versa
Despite a lot of negative publicity, it looks like traditional fund companies are still sold on the marketing benefits of hedge fund-like products. Fidelity just announced its IQ ALPHA Hedge Strategy... Read more...
Fidelity's 2008 profits fall
Fidelity's operating profits in 2008 fell 17 percent. And it's once-vaunted stock funds fared poorly. But there were some bright spots, according to the AP. Its money market funds attracted more... Read more...
Lazard Capital employees charged in gift probe
Lazard Capital Markets, which spun off from Lazard, has been charged with failure to supervise three employees who allegedly spent more than $800,000 improperly entertaining traders at Fidelity in an... Read more...
Hits keep coming for Legg Mason
The credit crunch has been cruel to more than a few money managers. Bill Miller, the head of the Legg Mason Value Trust fund, is at the top of the list. He never gave up on financial stocks, even as... Read more...
Asset management opportunity for independents?
Bloomberg offers an interesting article, suggesting that the woes of the big wirehouses may pose a once-in-a-lifetime opportunity for independent asset management firms. There's a lot of anger out... Read more...
Credit crisis crunches Bill Miller
In the annals of investing, Bill Miller remains a big name. Recall that he beat the S&P 500 for 15 years in a row until last year. In 2007, his Legg Mason Value Trust fund fell nearly 7 percent... Read more...
See this week's featured jobs and top stories ; provided by eFinancialCareers.comFeatured career opportunity:Portfolio Manager Emerging Markets, PIMCOThis position is responsible for trade execution, ... Read more... Mutual fund industry suffers
These are eye-popping numbers. Retail investors are fleeing equity funds en masse. Even the likes of American Funds and Vanguard saw their assets drop 6.6 percent and 4.3 percent respectively,... Read more...
C&L: Executive Moves
> Yvonne Wong to leave Merrill Lynch's Asian prime broker unit > KKR hires
See this week's featured jobs and top stories ; provided by eFinancialCareers.com
Featured career opportunity:Equity Analyst - Energy/Utilities, BlackRockPart of the Small/Mid Value Equity Group. As a member of this eleven-person Team, the Analyst will follow the... Read more...
| Press ReleasesFidelity Names Former JPMorgan Executive To Head Its Institutional Services BusinessBOSTON, October 4, 2007 - Fidelity Investments today named Michael K. Clark, former chief executive officer in charge of JPMorgan's $15 trillion Worldwide Securities Services business, to head its Read more >> |
