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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.com

Featured 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 Read more...

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
... Read more...

C&L: Executive Moves

> Harvard endowment taps Jane Mendillo... Read more...

More on the Fidelity whistleblower

Jackie Hosang Lawson was a senior director at Fidelity Brokerage Services and apparently developed some "grave concerns" about the way the company reported profits for mutual funds.... Read more...

Probe snares Fidelity legend

Peter Lynch once was a legend in the mutual fund industry. But the former manager of the Magellan fund, still a vice chairman, has been caught up in the soft-dollar probe that has been embarrassing... Read more...

ALSO NOTED: Merrill Lynch reimburses Mass. city for CDO losses; Fidelity to lay off 250; and much more...

Company News:> Fidelity to lay off 250. Article> Merrill Lynch reimburses Mass. city for CDO losses. Read more...

Press Releases

Fidelity Names Former JPMorgan Executive To Head Its Institutional Services Business

BOSTON, 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 >>

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