NYSE Tackles Decimalization Complaints with New Rules
June 1, 2001 (PLANSPONSOR.com) - The New York Stock Exchange (NYSE) plans to amend its rules to resolve a spat between large financial institutions and market makers, stemming...
Investing
Funds Flow Back to Stock Funds in April: ICI
May 31, 2001 (PLANSPONSOR.com) - The nation's mutual funds rose another 4.8% in April, totaling $6.945 trillion according to the Investment Company Institute (ICI).
Lines for Unemployment Claims Grow Longer
May 31, 2001 (PLANSPONSOR.com) - The latest Department of Labor data releases show the lines of people signing up for first time unemployment benefits growing longer by 8,000...
Bear Market Prompted Shift to Conservative Assets
May 30, 2001 (PLANSPONSOR.com) - The drop in the market in the last few months has caused a shift towards more conservative holdings like certificates of deposit (CDs)...
Vanguard Continues Reign As "First Family"
May 29, 2001 (PLANSPONSOR.com) - Vanguard continues to draw investor money in droves, pulling in more than twice as much as runner-up American Funds through the end of...
Securities Fraud Suits Declined, Accounting Fraud Charges Up
May 29, 2001 (PLANSPONSOR.com) - The number of shareholder lawsuits alleging securities fraud declined in 2000 for the second consecutive year, as accounting violations continued to be one...
ETFs Blossom in April Markets
May 25, 2001 (PLANSPONSOR.com) - Total exchange-traded fund (ETF) assets were $73.33 billion at the end of April 2001, up more than 11% from a revised $66 billion...
Unemployment Insurance Claims Still Rising
May 24, 2001 (PLANSPONSOR.com) - Initial unemployment insurance claim figures were up sharply to 407,000 for the week ending May 19, 116,000 higher than the same period last...
SEC Concerned over Decimalization Impact
May 24, 2001 (PLANSPONSOR.com) - Regulators voiced concern about complaints that decimalization has brought an increase in market specialists undercutting investors and possibly hurting smaller investors.
Hedge Funds Draw Best Quarter Since 1998
May 24, 2001 (PLANSPONSOR.com) - Hedge funds attracted a net $6.9 billion in the first quarter, the largest quarterly inflow since the first quarter of 1998, and nearly...
Investors Added $21 Billion to Stock Mutual Funds in April
May 23, 2001 (PLANSPONSOR.com) - Investors responded to April's stock market rally by pouring $21 billion into equity mutual funds following record outflows of $15.4 billion in March,...
TeamVest Shifts Advice Focus, Name
May 22, 2001 (PLANSPONSOR.com) - Online advice provider TeamVest is refocusing its efforts, teaming up with Pyramid Digital Solutions to provide "re-brandable" online advice and education solutions to...
Managed Account Funds fall 8% in Q1
May 17, 2001 (PLANSPONSOR.com) - Assets held in managed funds at the industry's top firms totaled $267.5 billion at the end of March, down 8% from the previous...
Jobless Claims Down For Second Week Running
May 17, 2001 (PLANSPONSOR.com) - For the second week in a row the number of people lining up to claim unemployment insurance dropped, and to its lowest level...
Retirement Plan Mutual Funds Fell 4% Last Year
May 16, 2001 (PLANSPONSOR.com) - Mutual fund assets held in employer-sponsored retirement plans totaled $1.2 trillion in 2000, a drop of 4% from a year earlier, according to...
Average US Hedge Fund Advantage Narrows in April
May 15, 2001 (PLANSPONSOR.com) - The Average US Hedge Fund gained just 2.5% net in April, as US stock markets enjoyed a respite, according to Van Hedge Fund...
VC Fundraising Declines in Q1
May 15, 2001 (PLANSPONSOR.com) - First-quarter commitments to venture capital funds decreased 32% from last quarter, according to a report from Venture Economics and the National Venture Capital...
Fed Cuts Rate by 50 bps
May 15, 2001 (PLANSPONSOR.com) - As anticipated, the Federal Open Market Committee Tuesday cut the Fed Funds rate by 50 basis points in a continuing effort to boost...
CSFB/Tremont Hedge Fund Index Rises 0.7% In April
May 15, 2001 (PLANSPONSOR.com) - Hedge funds underperformed equities in April, with the CSFB/Tremont Hedge Fund Index posting a narrow 0.7% increase.
The Rising Ranks of Rich
May 14, 2001 (PLANSPONSOR.com) - America continued to assert itself in the ranking of the worlds' wealthiest, no doubt helped along by burgeoning 401(k) investments and stock options,...