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 |
|
Thursday, April 19, 2001 New York Life Moves Pension Despite having a part of the case against it dismissed, New York Life has withdrawn all of its pension assets out of its own family of mutual funds. The firm was sued by a former employee for failing to live up to its fiduciary responsibilities and for violations of RICO statutes. An attorney for the plaintiff has stated that New York Life's move was an admission of guilt. * * * Nations Funds has added the Classic Value and Global Value Funds to its line-up. Both will be subadvised by Brandes Investment Partners. * * * Fidelity has launched its Spartan Tax-Free Bond Fund. In the middle of June, Fido will also be inaugurating its Tax-Free Money Market Fund. * * * Vanguard has updated its website, vanguard.com. The firm claims that the improvements will allow investors to view all of their holdings in one place. There are also new transactional capabilities as well as new analytical tools. Printed from: MFWire.com/story.asp?s=26516 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |