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Rating:Execs at Columbia and State Street are Disappearing as the Subprime Woes Deepen Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, November 21, 2007

Execs at Columbia and State Street are Disappearing as the Subprime Woes Deepen

by: Erin Kello

In today's WSJ Fund Track column, Diya Gullapalli and Jennifer Levitz team up to to report on mutual fund executives have possibly been victims of the credit crunch. Levitz and Gullapalli zero in on recent departures by executives at State Street and at Columbia management as evidence of a shake-up resulting from mortgage related issues at those two companies. (See MFWire: "SSgA's Fixed Income Chief to Depart", November 20, 2007 and "Columbia Continues Management Reorg with Three New Appointments" November 20, 2007") The departures come amid regulatory inquires at State Street and Columbia as to whether investors were adequately informed as to the risks of investing in housing-related funds. 

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