Janus Capital Group, which lost billions of dollars in assets in the wake of the mutual trading scandal, said yesterday it faces more law suits about market timing. In documents filed with the Securities and Exchange Commission on Thursday, the
BISYS has issued an update on the Securities and Exchange Commission's (SEC) ongoing investigation into certain practices in the company's mutual fund services business. The statement, which is reproduced below, states that the SEC is investigating certain fee structures and
Standard Life Investments says it has reached a "preliminary agreement" with Bank of New York to outsource mutual fund administration services to the bank. Standard Life has already outsourced operational activities to Citigroup. "The mutual funds industry in the UK
REIData Inc. has launched PropertyInfo.com, a single point of access to both owned and third party real estate information and integrated tools critical to real estate transaction processes. PropertyInfo.com brings together the inclusive information and integrated tools for real estate
Research and Markets Deposit and Mutual Funds Markets in Hong Kong and Singapore Forecasted to 2006 Research and Markets has published a report of offshore financial services in Asia. The report analyzes sizes, segments (retail versus institutional) and forecasts to
Socially responsible mutual funds are considerably stronger proponents of corporate governance shareholder resolutions than conventional mutual funds, according to a study by the Social Investment Forum Foundation (SIFF). The SIFF report analyzed the U.S. mutual fund voting patterns that are
Billionaire investor Warren Buffett will be interviewed this week by the SEC, New York Attorney General Eliot Spitzer's office and the Justice Department concerning a questionable transaction between American International Group (AIG) and Buffett's General Re, according to Newsweek, but
The New York attorney general's office recovered $2.38 billion from investigations and settlements for consumers, investors and the state, according to Reuters. Spearheading the campaign, New York Attorney General Eliot Spitzer said this is a 37% increase from $1.74 billion
BISYS is selling its Education Services business to Kaplan Professional, a division of Kaplan Inc. The transaction is subject to the usual conditions, and is expected to close in the next several weeks. The adoption of a formal plan of
As New York Attorney General Eliot Spitzer expands his probe to Bermuda based Richmond Insurance, the British territory's Premier Alex Scott has spoken out to defend Bermuda's regulatory practices, according to Reuters. Reinsurer Munich Re has been asked by Spitzer