MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 6, 1999 Odd Lots, July 6, 1999 Merrill lures quant team from Deutsche Bank From The Wall Street Journal Merrill Lynch has hired an investment team specializing in quantitative and index investment away from Deutsche Bank. The team, led by Frank Salerno, 39, will form the core of a unit Merrill is creating, called Merrill Lynch Quantitative Advisors. It will be headed by Dean D'Onofrio, who left Bankers Trust two years ago to build Merrill's stock-derivatives desk. Only about $6 billion of Merrill's $500 billion in assets under management is in quantitatively invested funds and index funds, compared to over $200 million at Deutsche Bank. Vanguard S&P 500 inches closer to Magellan From The Los Angeles Times Vanguard's flagship S&P 500 Index Fund has moved to within $5 billion of the Fidelity Magellan Fund. As of Wednesday last week, Vanguard had $92.7 billion in assets under management in its biggest fund and Fidelity's Magellan had $97.6 billion. Printed from: MFWire.com/story.asp?s=24272 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |