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(AFX UK Focus) 2009-01-06 22:10 UPDATE 2-Fidelity hires 2 execs for institutional arm (Interactive Investor) BOSTON, Jan 6 (Reuters) - Fidelity Investments hired two heavy hitters for its institutional group, an arm of the world's biggest mutual funds company that targets advisors and other intermediary clients. Peter Cieszko was named president of Fidelity Investments Institutional Services Co, which manages $272 billion in assets and provides fund management services through financial institutions ... | Passings: Bygone funds tell tales from the crypt (Seattle Times) MarketWatch columnist Chuck Jaffe presents his list of the most notorious mutual funds to pass away this past year. | Notable funds that perished during 2008 (New London Day) With the average stock fund down about 40 percent in 2008, you couldn't blame investors for hoping that the bulk of mutual funds would simply | Best-performing mutual funds (The Cincinnati Enquirer) The following are the leaders for global income and international funds. | Tales from the crypt: Those that went belly-up in 2008 (Richmond Times-Dispatch) With the average stock fund down about 40 percent in 2008, you couldn’t blame investors for hoping that the bulk of mutual funds would simply quit the business and return what’s left to shareholders. Alas, just a few hundred funds actually perished in 2008, according to Morningstar Inc., far fewer than died in any other year this decade. | Some stock funds had well-deserved demise (San Francisco Chronicle) With the average stock fund down about 40 percent in 2008, you couldn't blame investors for hoping that the bulk of mutual funds would simply quit the business and send what's left back to shareholders. Alas, just a few hundred funds actually perished in... | Mutual-fund Morgue Had Less Work In 2008 Than It Should Have (Fox News) Mutual-fund Morgue Had Less Work In 2008 Than It Should Have |
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