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, August 10, 2001 Tiff Costs INVESCO This isn't the publicity a fund firm wants. INVESCO is in the news for its ongoing tiff with the Denver Post. The fallout is an example of why fund marketers may want to think twice before threatening to sue those who buy ink by the barrel. The Denver hometown paper has decided to boycott the use of the INVESCO name when referring to INVESCO Field at Mile High (Denver's stadium) in its sports page (read how the tiff started). * * * INVESCO has promoted three investment related executives to the position of senior vice president keeping the door painter busy. The dearly-promoted are: Stacie Cowell to senior vice president, portfolio manager from vice president, portfolio manager; Pat Johnston to senior vice president, head trader from her old position as vice president, head trader; John Segner to vice president, portfolio manager from senior vice president, portfolio manager. * * * Credit Suisse Asset Management's Warburg Pincus Growth Fund and the Warburg Pincus Long-Short Market Neutral Fund have ceased selling shares. The board of directors for both funds deliberates over whether or not to liquidate the funds due to the small size of both funds and thus high expense ratios, reports Investor News Service. * * * Total money market mutual fund assets finished the week ended Wednesday, August 8th, at $2.113 trillion, an increase of $24.63 billion over the previous week, reports the Investment Company Institute. Assets of retail money market funds rose $6.99 billion to $1.085 trillion while assets of institutional money market funds rose $17.64 billion to $1.028 trillion. Printed from: MFWire.com/story.asp?s=26839 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |