Harvard Fund Managers Leave Amid Furor
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The top manager of Harvard University's &#36;22.6-billion endowment and several deputies, who earned billions for the school but drew alumni criticism for their compensation, are leaving the school's in-house management company to start a private investment firm. The school announced the departures Tuesday.
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The chief executive of the world's biggest listed hedge fund is quitting to focus on private philanthropy.
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Two former fund managers for Putnam Investments of Boston agreed to pay a total of $1.5 million to settle allegations they inappropriately traded mutual fund shares and potentially harmed other fund investors, federal and state regulators said yesterday.
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The ousting of fund president Sean Harrigan from Americaâs largest pension fund has been viewed by many as the first Republican victory in a battle to undermine the influence of pension funds like Calpers on corporate governance issues.
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Jacob Goldfield, who joined Soros Fund Management as chief investment officer last year, has resigned from the $8.3 billion hedge fund to start his own business, according to a memo to staff members.
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Phillip Goldstein, manager of a small  hedge fund company, likes to stretch the definition of activist  investor. He's challenged the managers of closed-end funds and  questioned the judgment of the U.S. markets watchdog, the  Securities and Exchange Commission.
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Mutual fund giant Fidelity Investments has fired two employees and disciplined 14 others for violating company policy on accepting gifts.
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Some of the nationÂs more than 8,000 mutual funds are shutting their doors, as their manag- ers confront a lackluster stock market, great- er regulatory scrutiny and higher costs.
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John McCain's campaign manager and chief strategist are gone from their leadership roles, a major staff shake-up for the struggling Republican presidential candidate who is all but broke and trails in opinion polls.
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The board of Bank of America Corp.'s Nations Funds has asked most of its longstanding members to step down in a house-cleaning effort aimed at satisfying New York Attorney General Eliot Spitzer, who last year accused the trustees of allowing a hedge fund to improperly trade its funds.
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CAMBRIDGE, Mass.  - Harvard University students:  overachieving, bookish bores or repressed party animals? A  little of both, it seems.
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Phillip Goldstein, manager of a small hedge fund company, likes to stretch the definition of activist investor. He's challenged the managers of closed-end funds and questioned the judgment of the U.S. markets watchdog, the Securities and Exchange Commission.
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Massachusetts was the first public pension fund to fire Putnam Investments as a money manager last year after the firm was charged with fraud by federal and state regulators in the market-timing scandal.
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How to tell good fund managers from bad ones.
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First it was the CEO -- now the CFO has left, too. What should shareholders be thinking?
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The division of Harvard Medical School that studies pathological gambling is under fire from some anti-gambling activists who point out that virtually all its funding comes from the gambling industry.
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Global fund managers have become increasingly risk averse and significantly more pessimistic about corporate profits and the US stock market, according to the latest monthly Merrill Lynch &amp; Co. Inc. survey.