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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: mutual funds

mutual funds stories: 10 news summaries
eliot spitzer

How to Kill the Chamber of Commerce...

...before its lobbyists
do more damage on climate change, etc.

Oct 15, 09 11:08 AM CDT
(Newser) - The Chamber of Commerce's outrageous stand against action on global warming, which has spurred a number of huge corporations to drop out, is not an anomaly, says Eliot Spitzer. From environmental protection to deregulation to fiscal policy to health care reform, it’s always on the wrong side of history,... More »

MORE ABOUT:
climate change • Eliot Spitzer • mutual funds • 401k • pension funds • US Chamber of Commerce

Only One Fund Manager Made Money in 2008

But repeating the feat this year could prove tricky for Forester

Feb 27, 09 10:24 AM CST
(Newser) - Of the 8,200 stock mutual funds in the United States, only one—Forester Value—managed to turn a profit in 2008. With a gain of just 0.4%, Thomas Forester has become a minor celebrity in the financial world, and brokers are suddenly eager to sell his tiny fund... More »

MORE ABOUT:
investing • Wall Street • mutual funds • economic downturn

OPINION

 Ignore Market Until February 

End-of-year effects cause distorting swings

Nov 20, 08 5:43 PM CST
(Newser) - The stock market can be a great synthesizer of millions of individual judgment calls about economic growth, government policy, and world events, writes Andy Kessler in the Wall Street Journal. But it’s also subject to end-of-year distortions, especially in down times like these. What's an investor to do? "... More »

MORE ABOUT:
stock market • Wall Street • Dow Jones • stocks • equity • capital gains tax • mutual funds

Fed Pledges $600B to Keep Money-Market Funds Afloat

Will partner with JPMorgan, lend money to help cover redemptions

Oct 21, 08 11:17 AM CDT
(Newser) - The Federal Reserve today unveiled a $600 billion program to finance the purchase of assets from money-market mutual funds, Bloomberg reports. JPMorgan will oversee five special units, which will use money borrowed from the Fed to buy CDs, bank notes, and commercial paper nearing maturity. The program is the Fed’... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • mutual funds • credit market • commercial paper • financial crisis • money-market funds

 Even Money Market 
 Funds Are Risky 

Even 'safe' money markets show their soft underbellies in today's market

Sep 18, 08 10:49 AM CDT
(Newser) - As one safe haven after another disappears—from money market funds to stock investments—financial advisers are telling consumers to take a more active role in their planning, reports the New York Times. But first, do your homework and understand what you’re investing in, experts say. More »

MORE ABOUT:
investing • CDs • mutual funds • money management • securities • financial crisis

What Is AIG?
(Now That We Own It)

From aircraft leasing arm to  wealth management group

Sep 17, 08 9:49 AM CDT
(Newser) - For one thing, the insurance behemoth the Federal Reserve just acquired for $85 billion is profitable, explains the New York Times. AIG, which started out insuring assets in Asia, is wildly diversified and sprawling globally. Businesses range from retirement plans in the US to life insurance in the Philippines to... More »

MORE ABOUT:
Federal Reserve • insurance • AIG • mutual funds • subprime crisis • bailout • financial crisis

Lehman Shops Key Unit
in Quest for Cash

The troubled Wall Street firm is taking offers for its strong fund management wing

Aug 19, 08 8:50 AM CDT
(Newser) - Lehman Brothers is shopping a piece of its investment management unit, the Wall Street Journal reports, joining other large banks in shedding strong-performing businesses to offset mortgage meltdown losses. Lehman’s management business, which includes Neuberger Berman and hosts 27 mutual funds managing $22 billion in individual and institutional wealth,... More »

MORE ABOUT:
Blackstone Group • Citigroup • Carlyle Group • Merrill Lynch • Lehman Brothers • mutual funds • subprime crisis • investment banks

ANALYSIS

Obamas Play It Too Safe
With Personal Finances

Despite big new book-generated income, and youth, they're too cautious

May 8, 08 6:37 PM CDT
(Newser) - Barack and Michelle Obama invest their own money “very, very safely”—perhaps too conservatively, say Sam Grobart and Tara Siegel Bernard in Slate. The Democratic frontrunner and his wife only began rolling in the money recently and their portfolio—“for the most part, a collection of run-of-the-mill... More »

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Barack Obama • John McCain • Michelle Obama • investments • retirement fund • mutual funds • Obama family

BNP Paribas Halts Fund Withdrawals

France’s biggest bank can’t value holdings after credit collapse

Aug 9, 07 12:35 PM CDT
(Newser) - France's largest bank today froze three investment funds threatened by the subprime mortagage collapse, claiming it can’t “fairly” place a value on their rapidly declining assets. Citing the “complete evaporation of liquidity” in the US securities market, BNP Paribas halted withdrawals from the funds, which were worth... More »

MORE ABOUT:
subprime mortgages • Bear Stearns • finance • bank • stock • mutual funds • BNP Paribas

Exit Scrambles Fidelity Succession Picture

Mutual-fund giant loses possible heir apparent

Aug 8, 07 10:33 AM CDT
(Newser) - A top Fidelity Investments exec has resigned her post, reigniting speculation about the closely held firm's line of succession, reports the Wall Street Journal. Ellyn McColgan, 53, who was president of a division of the largest American mutual-fund company, was seen as a front-runner in the race to succeed 77-year-old... More »

MORE ABOUT:
stock market • business • investments • Fidelity • mutual funds • Ned Johnson III • Rodger Lawson • Ellyn McColgan

10 Stories


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