MutualFundWire.com: NYSE Halts Trading
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Friday, June 8, 2001

NYSE Halts Trading


Oops, for the first time in six years, at 10AM the NYSE was forced to halt all trading due to a software glitch that wiped out electronic trading on the floor of the Exchange. Trading resumed before noon.

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Merrill Lynch's high profile asset management team of Sarah Ketterer, Harry Hartford and James Doyle has left the firm. The team oversaw $3.2 billion in assets and is expected to open its own firm.

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Quebecor World will outsource their entire $450 million US defined benefit plan to SEI Investments.

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Principal Mutual Holding Company has filed for an IPO in an effort to transform the company from a holding company into a stock company.

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The Brazos Micro Cap Fund closed its doors to new investors on June 5th.


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