The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:June 1, 2000 Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, June 1, 2000

June 1, 2000

Reported by Paul Braverman

The master's voice
From CBS Marketwatch.com
"Beloved curmudgeon" sounds like a contradiction in terms, but not if it's John Bogle. The Vanguard founder is an icon in the world of mutual funds despite being its toughest critic. New York was the site for Bogle's latest salvo against the industry. Among his comments: "Too many funds have been formed with the principle purpose of being sold to investors." "Mutual fund directors ... have presided over a change in the very nature of the mutual fund - from being a sound long-term investment to a product offering a short-term marketing opportunity."

Montgomery loses its Honour
From Morningstar
Roger Honour, lead manager at the $450 million Montgomery Growth Fund, is leaving Montgomery to start his own investment firm. His departure was precipitated by the firmís decision to use global analysts rather than the domestic team, according to Montgomery CEO Mark Geist. Andy Pratt will take over. In an unrelated move, effective June 30, 2000, investors in certain Montgomery funds will face a 2% redemption fee if they've held their shares for less than three months.

Not exactly Firsthand news
From TheStreet.com
The fund industry is under pressure to increase holdings disclosures, but Firsthand Funds is going the other way. The firm announced that, starting in June, its disclosures will be delayed by two months instead of one, as is the current practice. The firm says it's worried about "front-runners" who anticipate the fund's moves and buy shares ahead of it. The move was criticized by Davis Nadig, co-founder of the MetaMarkets, which runs the OpenFund. He called the move a "regression" and said the less-frequent disclosure would do little to shield Firsthand's moves from view. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF In Focus: Insights and Lessons Learned from a Retired Funds' CEO, September 21
  2. IMEA roundtable: Portfolio Construction, September 21
  3. WE Pacific NW and CFA Society Seattle Welcome Mixer, September 22
  4. Havener Capital's Boutique Week 2023, Sep 26-29
  5. FT's Future of Asset Management North America, Sep 27-28
  6. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  7. Women In Finance Fall Mix n' Mingle Happy Hour, September 28
  8. Expect Miracles Atlanta Coast Classic, October 2
  9. MFDF webinar - Exchange Traded Funds: A Market Update for Fund Directors, October 4
  10. 4th Annual ETFGI Global ETFs Insights Summit - United States, Oct 4-5
  11. 8th Annual FUSE Forum, October 5
  12. ICI & GCMFA Networking Reception, October 10
  13. 2023 MMI Annual Conference, Oct 11-13
  14. 2023 IDC Fund Directors Conference, Oct 11-13
  15. IMEA Star Awards Celebration, October 17
  16. IMEA Marketing Summit, Oct 17-18
  17. WE South - ETF Conversations, October 17
  18. MFDF Director Discussion Series - Open Forum via Zoom, October 23
  19. ICI 2023 Securities Law Developments Conference - Day 1, October 24
  20. Schwab Impact 2023, Oct 24-26
  21. 2023 MMI Legal & Compliance Seminar, October 26
  22. ICI 2023 Securities Law Developments Conference - Day 2, October 26
  23. MFDF Director Discussion Series - Open Forum (Los Angeles), November 1
  24. IMEA DE&I Roundtable, November 1
  25. IMEA Leadership Summit, Nov 1-2
  26. WIPN Nebraska - 3rd Annual Collegiate Career Exploration Event, November 2

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use