Ryan Jacob's new fund raises fee ... already?
From TheStreet.com
Ryan Jacob's planned fund has raised its planned expense ratio, although Jacob does say he will cap the fee at 2%. The original expected expense ratio was 1.91% and Jacob now says it might be as high as 2.12%, but he added that the fund has agreed to cap expenses at a flat 2%, at least until August 2000. The general rule is that smaller funds have higher expense ratios ones that have gathered more assets, typically older funds which benefit from economies of scale. But Jacob's fund could leapfrog the beginner stage with his legions of loyal funds fans waiting to invest but those fans may find their loyalty wavering if the fund doesn't have a hot start, which they may unrealistically expect.

Neuberger's now or never IPO
From InvestmentNews
Is Neuberger & Berman worried about a dip in the market affecting its planned IPO? Apparently not, reports InvestmentNews -- the fund company is still planning on pricing the deal in two weeks and selling 7.25 million shares to an (until recently) eager public. Neuberger's share price, set between $31 and $35, means that the New York company would find itself with a price-to-earnings ratio of around 12. That's a 25% discount to the average P/E of other publicly held mutual fund firms, around 16. 

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