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, February 15, 2002 Amex Funds Raids Fido -- Again American Express continues to put the move on Fidelity. Amex lured a fourth Fidelity fund manager -- Telis Bertsekas, head of Fido's tech analyst team -- to its newly opened Boston office. Observers see the assault as a direct attack on designed by Amex Funds to gain market share. The willingness of Fidelity managers to jump to another institutional giant may also signal in the evolution of the Boston Behemoth. Indeed, the moves have stirred Abbie Johnson to arrange a meeting with portfolio managers next week, according to the Boston Globe. The paper adds that Fidelity may also hike pay to fend off further raids. Fidelity said Sonu Kalra is taking Bertsekas' duties. * * * Hancock Catches Olympic Fever Hancock is again an Olympic booster. In the past CEO David D'Alessandro has expressed concerns about the tarnished image of the games in wake of the Salt Lake City scandals. He was concerned enough to write an out into Hancock's sponsorship deal for the 2004 Games. Now he seems to be happy again. The Boston Herald reports that Hancock has signed on as sponsor through the 2008 in Beijing. "Frankly, it's been a fantastic sponsorship for us - minus the scandal - and the fact that that has been addressed and a lot of progress has been made was enough for me," explained D'Alessandro. * * * No More Free Coffee at CSFB Times are tough on Wall Street. Credit Suisse First Boston has installed debit card readers on its Flavia coffee machines in break areas in its New York offices, according to TheStreet.com. Yes, workers are now expected to pay for their own caffeine -- 50 cents a pop. West Coast workers are still getting free joe. * * * Enron Workers Gain Place at Table Enron workers have gained a seat at the table in the firm's bankruptcy proceedings. The trustee overseeing the bankruptcy informed the Severed Enron Employees Coalition (SEEC) that she is appointing an official committee to focus Enron employees, reported PlanSponsor.com. Printed from: MFWire.com/story.asp?s=27200 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |