mutual fund

SEC slaps fine on AIG units over higher charges

US Securities and Exchange Commission (SEC) has slapped penalties on AIG's three affiliates for steering customers to high-fee products. AIG is also offloading its brokerage unit owing to stringent norms. AIG has agreed to pay $9.5 million for settling the regulator's claims.

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Panic selling causes log in issues in investing websites

As panic ensued when the Dow crashed to 1,000 points Monday right after the opening bell, some investors complained on Twitter that they weren't able to log into their online stock accounts.

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Fidelity Contrafund cuts Yahoo stake by 41 percent this year

Fidelity Investments Contrafund, the largest mutual fund investor in Yahoo Inc, cut its stake in the Internet media company by 41 percent during the first four months of 2014, according to the fund's latest disclosure.

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Canoe 2014 Flow-Through LP Raises $51.4 Million

Canoe Financial LP (the "Manager" or "Canoe") announced today that it has completed the second and final closing for the initial public offering (the "Offering") of limited partnership units ("Units") of Canoe 2014 Flow-Through LP (the "Partnership") in each of the provinces of Canada, except Quebec.

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3D Printing and Technology Fund portents how 3D printing industry is going mainstream

The 3D Printing and Technology Fund, the first mutual fund focused on 3D printing and technology, is another manifestation that the industry has gone mainstream, VentureBeat reported.

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Morgan Stanley to sell India mutual funds assets to HDFC

Morgan Stanley is selling its Indian mutual fund assets to a joint venture between India's HDFC and Britain's Standard Life, becoming the latest foreign asset manager to quit India.

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Legg Mason Inc's Bill Miller to run mutual fund under family name

Citing a December 13 filing with the US Securities and Exchange Commission, Bloomberg reported that Legg Mason Inc's Bill Miller will be starting a mutual fund under his own name together with his son.

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Shorting not a strategy for mutual fund legend Peter Lynch

In a rare interview, former head of Fidelity's Magellan Fund and mutual fund legend Peter Lynch shares his thoughts on investing in a rare interview on Bloomberg TV with Charlie Rose.

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Morgan Creek entices clients with new hedged mutual fund

Morgan Creek Capital Management opened a new class of fund called Morgan Creek Tactical Allocation to allow retail investors access to exclusive investment portfolios.

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HSBC and Citigroup obtain mutual fund distribution licenses

The Chinese securities regulator grants mutual fund licenses to HSBC and Citigroup.

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New CIO of Vanguard Group Chooses Appointees

Vanguard CIO chooses new heads of key groups.

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