Pioneer finds a buyer
From The Wall Street Journal
The speculation that reached a fevered pitch last week was on target -- The Pioneer Group Inc. was for sale. The buyer, it turns out, is UniCredito Italiano Group. The deal is valued at $1.2 billion and is expected to close in the third quarter. UniCredito is Italy's second-largest banking group, according to the Journal and has $80 billion in assets under management. Pioneer has $24.5 billion in assets under management.

More coverage
• The Boston Globe
• Financial Times

More on Vanguard ETFs
From The Wall Street Journal
Vanguard's decision to launch exchange-traded funds continues to make news. The Journal reports the decision came after "months of handwringing." The article adds that Vanguard's "Viper" shares could start a wave of other fund companies rushing out similar products.

More coverage
• SmartMoney

Other Stories of Interest

The San Fransisco Examiner compares Intuit and Financial Engines retirement planning services.

Barron's interviews Pangaea's Neil Druker.

SmartMoney looks at the Grand Prix funds lacking performance. 

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