Investment company shuffles managers
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Fidelity Investments said it appointed Scott W. Dell'Orfano executive vice president and national sales manager of Fidelity Registered Investment Advisor Group. The group is one of the largest providers of custody and brokerage services to independent registered investment advisers. Separately, Fidelity said Penelope A. Dobkin was named portfolio manager of Fidelity Advisor Diversified International fund, succeeding William C. Bower, who ...
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The company's development group has been hit with layoffs.
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Fannie Mae&#39;s board of directors may have found it hard to get rid of the company&#39;s top two executives, but a difficult job remains in navigating the transition to the next senior management team.
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Yesterday&#39;s immediate dismissal of Paul Tellier is a move analysts say increases investor uncertainty over the company&#39;s direction.
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The Motley Fool - We often warn investors to be wary of mutual funds with high turnover. Speedy turnover means the managers are rapidly jumping in and out of various investments -- rather than sticking with them -- and generating steep commission costs and tax hits along the way. We also urge investors themselves not to churn their own portfolios. If you don't have the patience to wait for the companies you believe in to perform -- well, then, you're really just speculating.
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With a new management team in place, the computer maker could be preparing to make changes to some of its core ideals.
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In the asset management industry, the corporate structures can get confusing -- and the numbers huge. BlackRock (NYSE: BLK), for example, is a large asset management firm with $314 billion under management.
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JP Morgan Chase &amp; Co. on Tuesday shuffled top management at the firm which led to chief financial officer Dina Dublon resigning from the Wall Street giant and investment banking chairman David
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WASHINGTON - Fidelity Investments, the world's largest mutual-fund manager, more than doubled its votes against corporate board nominees this year to object to executive severance packages and director absenteeism.
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The retailer's CEO steps down amid a shakeup in operations.
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The departure of Farzad Nazem will follow other senior executives who have left in the wake of the overhaul.
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The Securities and Exchange Commission ordered mutual funds to stop paying higher commissions to brokers who promote the companies' funds and required portfolio managers to reveal investments in funds they supervise.
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Putnam Investments yesterday said it will dismiss another 100 employees in a cost-cutting move to reflect its smaller size after an employee-trading scandal cost it tens of billions in investors' funds.
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NEW YORK -- Two isn't always more than one. With mutual funds, whether two managers are better than one depends on the fund. It's no surprise that many funds run by a lone portfolio manager produce enviable returns. Legg Mason's Bill Miller has for years famously outmaneuvered a range of markets ...
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George Soros, billionaire financier, is handing more control of his money management firm to two of his sons as he scales back the focus of his investment firm.
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The following financial services industry appointments and moves were reported on Monday. To inform us of other job changes, please email moves@reuters.
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Freddie Mac FRE.N, the No. 2 U.S.  mortgage finance company, on Monday said it will restructure  its securities and sales trading group as part of an effort to  streamline its business operations.