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 |
|
Friday, March 16, 2001 Dreyfus to Shutter Fund The Dreyfus Midcap Value Fund will close to new investors after reaching $1.4 billion in net assets, though Dreyfus needs to capture approximately $760 million to hit that goal. The fund firm also announced that William Goldenberg and Brian Ferguson will also pick stocks, joining Peter Higgins as co-portfolio managers. (added 10:30 AM) * * *
Total money market mutual fund assets tallied up to $2.038 trillion for the week ending on Wednesday, down $8.57 billion from last week. Although retail investors brought an additional $3.64 billion into play, bringing the total to $1.097 trillion, institutional assets dropped by $12.21 billion to $941.08 billion, according to an Investment Company Institute report.
(added 10:30 AM)
* * *
Lincoln Financial Distributors has completed its previously-reported distribution reorganization, which is now structured around channels. The firm now has 250 internal and external wholesalers employing a consultative wholesaling model.
(added 10:30 AM)
* * *
SEI continues to treat its stockholders well, upping the ongoing stock repurchase program by $50 million. 2000 saw the backoffice provider repurchase 1,120,000 shares at a cost of $24.8 million.
(added 2:15 PM)
Printed from: MFWire.com/story.asp?s=26436 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |