- Nationwide Relies on SAS® to Help Manage Risk
Nationwide Mutual Insurance Company (“Nationwide”) has selected SAS, the leader in business intelligence, to help strengthen its Enterprise Risk Management (ERM) program. Through superior operational risk management, Nationwide seeks to safeguard its customer policyholders....... - Direxion Funds Launches Three New International Funds
Direxion Funds, a leading provider of leveraged index mutual funds, announced today that it has launched three new international funds: the China Bull 2x Fund (DXHLX), the China Bear 2x Fund (DXHSX), and the Latin America Bear 2x Fund (DXZSX)...... - Amica Mutual to Offer Discounted Rates and More Coverage Options in Massachusetts
Amica Mutual Insurance Company announced today that it has filed new, discounted rates with the Massachusetts Division of Insurance. Under the provisions of Amica’s rate filing, Massachusetts drivers will average a discount of 7.9%, with a significant number of drivers realizing a rate decrease in excess of 10%........ - New Progressive Coalition (NPC) Launches One-Click Impact
Giving to political and charitable organizations no longer has to feel random, reactive, or confusing. Today, New Progressive Coalition, LLC (NPC), an online political giving advisor, introduces its first “Political Mutual Funds,” which are unique and powerful portfolios of organizations that are working to address three pressing domestic challenges: energy independence and the environment, health care, and nonpartisan civic engagement and election-related issues... - Principal Funds Announces New Global Equity Mutual Funds
In today’s global economy, approximately two-thirds of the world’s market capitalization lies outside the U.S.1 Investors without international exposure may be disadvantaged at best, and at worst, risk missing out on potential growth. Yet while international equity investing by institutional investors skyrocketed in 2007 (17 percent exposure on average), many individual investors remain underexposed to international equities......... - Hartford Mutual Fund Family Crosses $50 Billion in Assets, Hires Keith Sloane in New Mutual Fund
The Hartford Financial Services Group, Inc. (NYSE: HIG) mutual fund family has surpassed $50 billion in assets under management as of October 1, 2007, doubling in less than three years and up 38% from just one year ago. Retail mutual fund sales for the company are at an all-time high, reaching $10.8 billion through the third quarter of 2007, up 35% from the same period in 2006. - Winslow Announces November 1st Launch of the Winslow Green SolutionsTM Fund
Winslow Green Mutual Funds, a pioneer in the field of green investing, today announced the November 1st launch of the Winslow Green Solutions Fund. This new fund joins the well-established Winslow Green Growth Fund in offering investors the opportunity to invest in the green business revolution...... - Integrity Mutual Funds Announces Key Growth for its Retail
Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, announced today that its retail brokerage division, Capital Financial Services, Inc. (CFS), continues to grow at an aggressive pace. The CFS team and production has grown fifty percent in the last year...... - Pax World Acquires Women’s Equity Fund
Pax World Management Corp., investment adviser to Pax World Funds (“Pax”), which launched the nation’s first socially responsible mutual fund in 1971, today announced that it has acquired the assets of FEMMX Financial Company (“FEMMX”), the investment adviser for the Professionally Managed Portfolios’ Women’s Equity Fund..... - Phased Troop Withdrawal from Iraq Most Beneficial for US Economy, Financial Advisors Say
Brinker Capital, a leading independent provider of managed account and mutual fund services, today released results of the third quarter’s Brinker Barometer, a gauge of financial advisor confidence and sentiment regarding the economy, retirement savings, investing and market performance...... - Forward Management Introduces Forward International Fixed Income Fund
Forward Management, LLC (Forward) today announced the launch of a new mutual fund, the Forward International Fixed Income Fund. The unique, actively managed fixed income fund offers exposure primarily to non-U.S. dollar denominated fixed income securities of non-U.S. issuers and derivatives.. - Bank Mutual Corporation Reports Earnings for the Third Quarter of 2007
Bank Mutual Corporation (NASDAQ:BKMU) reported net earnings of $3.7 million or $0.07 diluted earnings per share for the three months ended September 30, 2007 as compared to $5.1 million or $0.09 diluted earnings per share during the same period in 2006...... - Washington Mutual Q3 Net Income Impacted by Market and Credit Environments
Washington Mutual, Inc. (NYSE:WM) announced today that a weakening housing market and disruptions in the secondary market through the end of the third quarter will result in a decline in net income of approximately 75% from the prior year quarter, subject to the finalization of third-quarter 2007 results...... - Leading Fund Services Attorneys Join Goodwin Procter’s Practice in Palo Alto
Goodwin Procter LLP, one of the nation’s leading law firms, today announced the addition of partners Jonathan Axelrad, Robert S. Fore, and Gerald G. Chacon, Jr., preeminent lawyers in the area of venture capital/private equity fund formation and fund services...... - Fireman’s Fund® Adds General and Professional Liability Coverages for Senior Living Facilities in
Fireman’s Fund Insurance Company today announced it has begun writing General and Professional Liability coverages for Florida Assisted and Independent Living facilities. This expansion rounds out Fireman’s Funds comprehensive suite of property, auto and now liability coverages created specifically to protect residents, guests, property and income streams of senior living facilities..... - FPA Funds Trust’s FPA Crescent Fund Partial Re-Opening to New Investors
FPA Funds Trust’s FPA Crescent Fund (FPACX), a mutual fund with total net assets of approximately $1.4 billion, will re-open sales of its shares to new investor accounts opened and held directly at the Fund, effective October 2, 2007. - Integrity Mutual Funds Expands Fund Family
Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, announced today the offering of a new mutual fund, the Integrity Total Return Income (TRI) Fund (ITIAX), which will be available for purchase beginning today..... - AIG VALIC Launches New Low-Cost, No-Load Mutual Fund Platform in 403(b) Market
AIG VALIC, a national leader in retirement plan services for public and private education, healthcare and government organizations, today announced the launch of a new low-cost, no-load mutual fund retirement savings program for the K-12 403(b) market...... - Xangati Raises $10.7 Million in Series B Funding
Xangati, the provider of the industry’s first rapid problem identification (RPI) appliances for enterprise networks, announced today that it has closed its Series B funding round, bringing its total funding to date to approximately $18 million. - Hartville Group, Inc. Receives $2 Million of Funding
Hartville Group, Inc. (OTCBB:HTVL), a provider of health insurance plans for domestic pets, today announced that it has successfully obtained $2 million in funding from existing investors. - Putnam Announces Closing of Putnam Tax-Free Health Care Fund Merger
Putnam Investments announced that Putnam Tax-Free Health Care Fund (NYSE: PMH) and the open-end Putnam Tax Exempt Income Fund completed their previously announced merger in a closing held today. - AdvanDx Closes $15 Million Series C Financing Round From bioMérieux, LD Pensions and SLS Venture
AdvanDx, Inc. announced today that it closed a $15 million Series C financing round from new investor bioMérieux and existing investors LD Pensions and SLS Venture. - New BenefitStreet 401(k) Platform to Combine Exchange Traded Funds and Mutual Funds
BenefitStreet Inc., a pioneer in creating solutions for corporate benefits, today announced a new 401(k) platform that will enable investors to choose both exchange traded funds and mutual funds in the same plan. - THL Credit Group Announces New Credit Fund
THL Credit Group, L.P., the credit affiliate of Thomas H. Lee Partners, L.P. (“THL”), a Boston-based private equity firm, announced today it has received approximately $500 million in equity and financing commitments for THL Credit Partners..... - Galligan, Doyle, Reid, & Galligan, P.C. Files Class Action Suit Against Principal Financial Group
Galligan, Doyle, Reid, & Galligan, P.C. (http://www.GalliganLaw.com) announces that a class action lawsuit was commenced on August 28, 2007, on behalf of those who rolled over Principal 401(k) retirement accounts into Principal J-Shares class mutual funds IRAs during the period August 28, 2002 through August 28, 2007 (the “Class Period”)........ - Growing Number of Hedge Funds Choose Interactive Data’s High-Quality, Low Latency Datafeed
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics, and related services, today announced that its Real-Time Services business has gained greater share in the global hedge fund market, as it now delivers low latency data to more than 50 hedge fund customers in the U.S. and Europe. .... - Munder Capital Launches Two International Mutual Funds
Munder Capital Management, a leading Midwest-based money management firm and investment advisor to The Munder Funds, announced today the launch of two equity mutual funds, the Munder International Fund - Core Equity and Munder International Small-Mid Cap Fund....... - Your Family’s Future Financial Security -- a Dream Worth Planning For
The Penn Mutual Life Insurance Company has announced its support of Life Insurance Awareness Month (LIAM), by encouraging families and business owners to take stock of their life insurance and know what to do should the unexpected occur. LIAM is a national initiative sponsored by The Life Insurance Foundation for Education (LIFE) and emphasizes the important role life insurance plays in protecting families. .... - Rule 22c-2 Upcoming Deadline Prompts Reaction from UMB’s Maureen Quill
In response to the market timing of mutual funds uncovered in 2003, the Securities and Exchange Commission (SEC) introduced Rule 22c-2 under the Investment Company Act of 1940, as amended....... - Housing Organizations Receive $400,000 in Grants from the Colorado Association of REALTORS® Housing
The Colorado Association of REALTORS® Housing Opportunity Foundation (CARHOF) has announced that 80 Colorado non-profit housing organizations who provide affordable housing programs statewide will receive grants totaling $485,124.65. - Trustmark’s New HRA Options More Closely Meet Employer Needs
To give employers maximum flexibility while helping employees pay for their healthcare costs, Trustmark Group Benefits, a subsidiary of Trustmark Mutual Holding Company........ - Confluence Sees Start of SEC XBRL Voluntary Program as Major Milestone
“This is the first day of the SEC’s voluntary electronic filing program, where mutual funds can begin to submit XBRL-tagged risk/return summary information from their prospectuses. This program is an important first step in helping fund companies improve efficiency, as well as customer service, by automating the reporting process....... - Block Financial Changes to More Stable Source of Funds
Block Financial Corporation (“BFC”), a wholly-owned subsidiary of H&R Block, Inc. (NYSE:HRB), has used its committed working capital lines of credit to provide a more stable source of funds to supports its short-term needs. - Citi Taps Fed Discount Window for $500 Million to Fund Clients
Citi announced today that, on behalf of clients, its Citibank unit has accessed $500 million in 30-day term financing under the discount window program announced on Friday by the Federal Reserve Bank of New York. - Advent/Claymore Closed-End Funds Address Recent Closed-End Fund Market Volatility
In tandem with most closed-end funds, the three Advent/Claymore funds (NYSE: AGC, AVK and LCM) have traded to significant discounts to their underlying net asset values in the last few weeks. In Advent’s view, the recent market price weakness of the Advent/Claymore funds is inconsistent with the fundamentals of the underlying investments in the portfolios. Each of the Advent/Claymore funds invest in diversified portfolios of liquid issues such as convertible securities, equities, high.......... - HelioVolt Completes $77 Million Series B Funding Round
HelioVolt Corporation, a producer of highly-efficient thin film solar products, today announced it has closed $77 million in Series B financing. Paladin Capital Group and the Masdar Clean Tech Fund co-led the round with support from returning investor New Enterprise Associates as well as Solúcar Energia, Morgan Stanley Principal Investments,... - Stone Harbor Investment Partners Sign Fund Administration Partnership
ALPS Fund Services, Inc. a leading outsourcing solution for the fund industry, today announced that they have been retained by the investment management company, Stone Harbor Investment Partners, LP, for turn-key mutual fund services..... - ProShares ETFs Pass $7 Billion in Assets
ProFunds Group today announced that its ProShares family of exchange traded funds (ETFs) passed the $7 billion mark—in just over a year after its launch. ProShares offers the first and only ETFs designed to provide short or magnified exposure to well-known market indexes.... - Old Mutual: Interim Dividend for the Six Months Ended 30 June 2007 (No. 16)
The Directors of Old Mutual plc (STO:OLDM) have declared an interim dividend for the six months ended 30 June 2007 of 2.3p per share to be paid on Friday, 30 November 2007..... - M&F Bancorp, Inc. and Mutual Community Savings Bank Sign Definitive Merger Agreement
M&F Bancorp, Inc. (“M&F”) and Mutual Community Savings Bank, Inc., SSB (“MCSB”) today announced that they have entered into a definitive merger agreement, which provides for the merger of MCSB with and into M&F’s wholly owned bank subsidiary, Mechanics and Farmers Bank (“M&F Bank”).. - Integrity Fund of Funds Seeks to Offer Diversification in All Market Cycles
Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, announced today that its Integrity Fund of Funds (IFOFX) offers investors diversification, simplicity and access to the Nation’s top mutual funds........ - Beneficial Mutual Bancorp, Inc. Announces Second Quarter Earnings
Beneficial Mutual Bancorp, Inc. (the “Company”) (NASDAQGS: BNCL) today announced net income of $1.9 million for the second quarter of 2007, compared to net income of $2.4 million for the second quarter of 2006. The Company reported earnings for the six months ended June 30, 2007 of $3.7 million, compared to net income of $5.2 million for the comparable period in 2006..... - Collective Funds the Future of 401(k)s?
With a wealth of investment products available for retirement plans in the marketplace, one in particular is proving to be a very popular choice. According to a new white paper authored by AST Capital Trust Company, collective funds are experiencing increasing interest from defined contribution plans, including 401(k) plans.... - CORRECTING and REPLACING Mutual Fund Firms Fare Well in Responding to Calls from Prospective
In a recent research report, Corporate Insight, a leader in researching and benchmarking the customer experience at financial services firms, analyzed the effectiveness of phone–based customer service provided to prospective investors by 18 mutual fund firms..... - Rice Hall James Micro Cap Fund Re-opens
Rice Hall James & Associates announced today that the Rice Hall James Micro Cap Portfolio (Ticker: RHJSX), a no-load mutual fund, has re-opened to new investors. The fund, which seeks capital appreciation by investing primarily in micro-cap growth companies, had been closed to new investors since August 31, 2004....... - Signature Announces ImageXpres, Inc. Dividend
Signature Leisure, Inc. (OTCBB:SGLS) announced today that the company is making a stock dividend distribution of ImageXpres, Inc. (OTC:IMJX) to Signature’s shareholders. - The Zweig Fund, Inc. Announces the Registration Statement for its Rights Offering is Declared
The Zweig Fund, Inc. (the “Fund”) (NYSE: ZF) announced today that its registration statement for its rights offering was declared effective by the U.S. Securities and Exchange Commission on Monday, July 9, 2007..... - ReFlow Taps ALPS Fund Services for Hedge Fund Administration
ALPS Fund Services, a leading outsourcing solution for mutual funds, closed-end funds, hedge funds and exchange-traded funds, today announced that it has been retained to provide hedge fund administration services to the ReFlow Fund LLC, a $100 million hedge fund managed by ReFlow, pioneers in providing the industry’s first comprehensive set of liquidity management solutions to mutual fund managers.... - Fitch Downgrades INDEXPLUS Trust Series 2003-1 Bond Fund Rating to 'BBB/V6'
Fitch Ratings has downgraded INDEXPLUS Trust, series 2003-1, bond fund credit rating to 'BBB/V6' from 'A-', effective immediately. - Bear Stearns Provides Update on BSAM Structured Credit Strategies Funds
The Bear Stearns Companies Inc. (NYSE: BSC) announced the updated status of the secured financing it had offered to provide the High-Grade Structured Credit Fund (High-Grade Fund)....... - Clough Global Opportunities Fund Increases Its Quarterly Cash Distribution by 27% to $0.38 Per Share
Today, the Clough Global Opportunities Fund announced an increase in its quarterly cash distribution. - Riskdata Research Shows That 30% of Funds Trading Illiquid Securities Smooth Their Returns
Research by Riskdata into the behaviour of over 1,000 hedge funds reveals that at least 30% of hedge funds trading illiquid strategies are smoothing returns. - Akeena Solar Announces Increase in Line of Credit
Akeena Solar, Inc., a leading designer and installer of solar power systems announced it has increased its accounts receivable and inventory based line of credit with Comerica Bank, from $2.0 million to $7.5 million. - LRG Capital Group Forms Corporate Advisory Services Group
ests in and provides advisory services to small capitalization public and private companies...... - The Gores Group Closes $1.3 Billion Private Equity Fund
The Gores Group (“Gores”) today announced the closing of its second private equity fund, Gores Capital Partners II, L.P. (“GCP II”), with capital commitments of $1.3 billion. GCP II will acquire mature companies....... - Fitch Rates Oklahoma School Dist Rev Anticipation Program Notes
Fitch Ratings assigns a short-term rating of 'F1+' to the Oklahoma School District and County Revenue Anticipation Program's 2007A $6.05 million certificates of participation, and a 'F1' rating to the program's $2.7 million 2007B COPs. - New Century Alternative Strategies Portfolio Now Offered Through Fidelity
The New Century Alternative Strategies Portfolio, which marked its fifth anniversary on May 1, 2007, has announced that the fund is now available to investors and advisors on the Fidelity FundsNetwork-NTF and Fiserv® Mutual Fund platforms. The fund is also available directly from New Century. - New International Monetary Fund Policy Will Subject Japan to Tougher Scrutiny on Currency
Stephen Collins, President of the Automotive Trade Policy Council, whose members include DaimlerChrysler Corporation, Ford Motor Company and General Motors Corporation, issued the following statement regarding the International Monetary....... - John Zader named CEO of UMB Fund Services, Inc.
UMB Fund Services, Inc. (UMBFS) announces the promotion of John Zader to chief executive officer. The announcement comes six months after Zader was hired as the division’s chief operating officer. - Integrity Growth and Income Fund Receives Socially Responsible Label
ntegrity Mutual Funds, Inc., a mutual fund and financial services company, announced today that as of May 1, 2007, its Integrity Growth and Income Fund is being managed as a socially-responsible fund, per its prospectus. - Bear Stearns Broker-Dealer & Investment Advisor Services Enhances Its Mutual Fund Platform
Bear Stearns Broker-Dealer & Investment Advisor Services (BDIAS) today announced that it is significantly broadening its mutual fund platform by expanding the list of available funds and adding to its set of mutual fund research tools. - A.M. Best Affirms and Assigns Ratings to Physicians Insurance Mutual Group; Revises Outlook
A.M. Best Co. has affirmed the financial strength rating (FSR) of B++ (Good) and assigned an issuer credit rating (ICR) of “bbb+” to Physicians Insurance Mutual Group and its members, Physicians Insurance A Mutual Company and its reinsured subsidiary.... - Allied Pilots Association Supports U.S. Senators’ Request for Explanation of Pension Funding Relief
The Allied Pilots Association (APA), representing the 12,000 pilots of American Airlines (NYSE: AMR), expressed support for the request by U.S. Senators Max Baucus (D-Mont.) and Charles Grassley (R-Iowa) to obtain additional details of pension legislation inserted into an Iraq war spending measure least month. - Canterbury Park Holding Corporation Announces Special Cash Dividend
Canterbury Park Holding Corporation (AMEX:ECP) today announced that its Board of Directors has declared a special cash dividend of $.25 per share of common stock payable to shareholders of record on June 22, 2007. - Families of Slain Blackwater Contractors Establish Legal Defense Fund through Callahan & Blaine
The families of four American security contractors are reaching out to the American public for help to protect themselves against the company their loved ones were serving when killed, Blackwater Security Consulting. - Watchdog stresses on self-regulation by mutual funds
Indian mutual funds do not entirely deserve the self-praise they have been indulging in and must look at other options to grow than rely on inflows from companies . . . . . . . . - ProEthic Pharmaceuticals Presents Positive Data for PRO-513 at American Headache Society Meeting
ProEthic Pharmaceuticals, Inc., a privately funded specialty pharmaceutical company that acquires, develops, licenses, and markets niche prescription products.... - Next-Generation Portfolio Modeling Software Meets Savvy Advisors' Needs
Financial planning is dependent on portfolio implementation. As the "baby-boom" generation reaches retirement, only advisors properly prepared will be ready to pull in and address the needs of these clients. A new portfolio modeling software program lets financial advisors build and model portfolios comprised of stocks, ETFs, hedge funds, mutual funds, annuities, and other investments. The program's ability to let an advisor set the Alpha and Beta for managed investments like mutual funds - Franklin Templeton Investments Introduces Franklin All Cap Value Fund
Franklin Templeton Investments today announced the introduction of Franklin All Cap Value Fund, managed by Bill Lippman and Steve Raineri of the company’s longstanding value equity team. - New Advent/Claymore Fund Raises $575 Million in Common Share IPO
The Advent/Claymore Global Convertible Securities & Income Fund (NYSE:AGC), a new closed-end fund, announced that it has sized its initial public offering of shares of common stock. The Fund will begin trading on the New York Stock Exchange today under the symbol “AGC” and will invest in a diversified portfolio of convertible and non-convertible income-producing securities of U.S. and non-U.S. issuers. - DWR Announces Public Workshop for Prop 50 Water Use Efficiency Grants
The Department of Water Resources (DWR) has scheduled a June 4, 2007, public workshop to discuss its Draft Funding Recommendation for the 2007 Funding Cycle of Water Use Efficiency Grants. - Pioneer Investments Introduces New Closed-End Fund: Pioneer Diversified High Income Trust
Pioneer Investments today announced the launch of Pioneer Diversified High Income Trust (Amex: HNW), the first U.S. closed-end fund to offer investors significant exposure to event-linked bonds... - The Malaysia Fund, Inc. to Start Trading Under ‘MAY’ Ticker
Morgan Stanley Investment Management announced today that The Malaysia Fund, Inc. (NYSE: MF) will begin trading on the New York Stock Exchange under the symbol ‘MAY,’ effective June 20, 2007. - Xechem Achieves Another Milestone: Receives Approval of US $9.38 Million Funding by UPS Capital
Xechem International, Inc. (OTC BB: XKEM) announced today that the UPS Capital Business Credit and the United States Export Import (EX-IM) Bank has received all the required approvals in connection with a US $9.38 million EX-IM loan guarantee for Xechem Pharmaceuticals Nigeria, Ltd. (Xechem Nigeria). - Unicorp Announces $7,000,000 Funding
Unicorp, Inc. (OTCBB:UCPI) announced today it has entered into a stock purchase agreement with Cornell Capital Partners, LP (“Cornell”) providing a loan to the company of up to $7,000,000, of which a debenture was issued by Unicorp to Cornell for the principal amount of $3,500,000, at the closing of which Unicorp received $3,150,000 after payment of a 10% commitment fee to Yorkville Advisors. - GoldMoney Establishes Customer Funds Accounts
GoldMoney today announced the availability of Customer Segregated Funds Accounts, making it even more convenient to buy and sell gold and silver through GoldMoney. - Institutional Venture Partners Closes $600 Million Fund
Institutional Venture Partners (IVP), one of the nation’s top performing venture capital firms, announced today the closing of IVP XII, a $600 million later-stage venture capital fund. This fund brings the firm’s cumulative committed capital to more than $2.2 billion. IVP XII is the largest fund raised in IVP’s twenty-six year history. The fund will continue IVP’s successful investment strategy of investing in rapidly growing later-stage technology companies in the United States. - FundQuest Is First-to-Market on Pershing’s Managed Account Network™ with SMAs, UMAs, and
FundQuest is the first turnkey managed account provider to be on Pershing’s Managed Account Network with a full array of services including Mutual Fund Managed Accounts, Separately Managed Accounts, and Unified Managed Accounts functionality. FundQuest’s open architecture asset management platform is available as both an off-the-shelf and private-label product solution. - Local Investors, RAIN Source Capital Form Boise Angel Fund to Invest in Local Companies
A group of local angel investors and Minnesota-based RAIN Source Capital have formed the Boise Angel Fund, LLC, in Boise, Idaho. The new fund is currently capitalized at $800,000 and has 15 members, including local angel investors, institutions, and RAIN Source Capital, who have pooled their investment dollars to create the fund. The fund will invest primarily in regional companies located in Idaho as well as in the Intermountain region. - BlackRock Enhanced Equity Yield Fund, Inc. Commencement of Repurchase Offer
BlackRock Enhanced Equity Yield Fund, Inc. (the “Fund”) (NYSE: EEF) today announced that the Fund’s offer to repurchase up to 5% of its outstanding shares of common stock (the “Shares”) from its stockholders (the “Repurchase Offer”) will commence on May 18, 2007. - ADDING and REPLACING Royce Opportunity Fund as of May 11, 2007
Add after last graph of release: Investors should carefully consider the Fund’s investment goals, risks, fees and expenses before investing. This and other important information about the Fund is contained in its prospectus. To obtain a prospectus, please call 1-800-221-4268 or visit www.roycefunds.com. Please read the prospectus carefully before investing or sending money. Distributor: Royce Fund Services, Inc. - Ceridian Client Funds Trust Assigned Standard & Poor’s Highest Fund Credit Rating
Ceridian Corporation (NYSE:CEN) today announced that the Ceridian client funds trust for its payroll, tax filing and other customers in its U.S. Human Resource Solutions business has been assigned a AAAf fund credit rating by Standard & Poor’s Corporation (S&P). - Patriot Capital Funding Closes a $6.9 Million Subordinated Debt and Equity Investment in Support
Patriot Capital Funding, Inc. (NasdaqGS: PCAP), a specialty finance company providing flexible financing solutions primarily to small- to mid-sized companies in transactions initiated by private equity sponsors, announced today that it closed a $6.9 million subordinated debt and equity investment in support of the recapitalization of Fischbein LLC (“Fischbein”) by Circle Peak Capital LLC (“Circle Peak”). Funded commitments at close totaled $6.9 million. - National Foundation Enables Students across the Country to Discover the World Through the Eyes of
As inspirational as Nelson Mandela, Mahatma Ghandi, Maya Angelou, and Jean Gennis...these individuals share a common talent – in their role as leaders and teachers they are able to unveil the world to others. - Russell Expands Use of Limited Long/Short Strategy in Mutual Funds
Russell Investment Group is expanding its use of limited long/short strategies in its Quantitative Equity and Equity Q mutual funds. This strategy, which changes the existing assignment of Aronson+Johnson+Ortiz to a 130/30 strategy, is intended to provide upside return potential without significantly increasing risk at the total fund level. - Toll Brothers, Inc. Second Quarter 2007 Outlook Conference Call Wednesday, May 9, 2007 at 2:00
Henderson Global Investors, the independent global asset management company with approximately $121.2 billion in assets under management1, today announced it will close its European Focus Fund to new investors effective August 1, 2007. The Fund was launched August 31, 2001, and has a Morningstar Overall rating of four stars (against 110 Europe Stock funds) for the period ended April 30, 2007. - Mutual Fund of Israeli Stocks Now Available through Charles Schwab & Co., Inc.
Index Investments, LLC, the Investment Adviser to the AMIDEX35 Israel Mutual Fund (Symbol:AMDEX), announced today that the Fund is now available on Schwab's Mutual Fund OneSource® service. - Coach Lou Holtz Replaces Bowie Kuhn on Ave Maria Mutual Funds’ Advisory Board
Ave Maria Mutual Funds announced that Lou Holtz has replaced Bowie Kuhn on its Catholic Advisory Board. Kuhn, the former Commissioner of Major League Baseball, passed away March 15, 2007. - XTF Advisors Enters 401(k) Market with Mutual Funds of ETFs
XTF, an asset manager specializing in strategic and tactical asset allocation portfolios composed of exchange traded funds (ETFs), announced today that it is entering the 401(k) market by introducing nine new low-cost, ETF-based mutual fund portfolios. - WorldatWork to Fund Grants for Total Rewards Research
WorldatWork, the total rewards association, has announced it will fund grants for applied research in the areas of Total rewards; Compensation; Employee benefits; Work-life; Performance & recognition; and Development & career opportunities. Media contact: Marcia Rhodes 480/348-7285 or mrhodes @ worldatwork.org. - Aberdeen to Offer Emerging Markets Equity Mutual Fund
Aberdeen Asset Management Inc (“AAM Inc”), the US subsidiary of Aberdeen Asset Management PLC (“Aberdeen”), announces the launch of the Aberdeen Emerging Markets Fund (ABEMX) (The “Fund”). The Fund is intended for institutional investors with a minimum investment of $1 million............ - Ave Maria Mutual Funds Completes Merger – Over $500 Million in Total Assets
Schwartz Investment Counsel, Inc., the investment adviser to the Ave Maria Mutual Funds has completed the previously announced merger of The Catholic Equity Fund into the Ave Maria Rising Dividend Fund (Ticker:AVEDX)............ - Corporate Insight: Mutual Fund Firms Fall Short in Providing Financial Advisors with Resources to
Corporate Insight, a leader in researching and benchmarking the customer experience at financial services firms, recently examined web-available resources to help advisors address the unique needs of female investors. With increases in divorce rates and the difference between average death ages for men and women......... - Heartland Value Fund Receives Lipper Honors as #1 Small-Cap Core Fund Over 15 Years
Heartland Funds is pleased to announce that the Heartland Value Fund (ticker: HRTVX) has received Lipper’s 2006 Performance Achievement Certificate, which recognizes the Value Fund as the #1 small-cap core fund over a 15-year period as of 12/31/2006, out of 34 funds........... - School Ties of Mutual Fund Managers and Corporate Board Members Affect Fund Returns Finds Yale
Private information passed through the social networks of mutual fund portfolio managers and senior company officers who attended the same university affects fund returns, finds a new study......... - Rick’s Cabaret International, Inc. Completes Private Placement of 425,000 Shares of Its Commo
Rick’s Cabaret International, Inc. (NASDAQ: RICK) said today it has completed the private placement of 425,000 shares of restricted common stock at a price of $9.40 per share. - BladeLogic, Inc. Announces Proposed Initial Public Offering of Common Stock
BladeLogic, Inc. (“BladeLogic”) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. All shares in the offering will be sold by BladeLogic. - AMF Mutual Funds Deliver Category Leading Performance in 2006
Chicago-based Shay Assets Management, Inc. (Shay), the privately held investment adviser to the Asset Management Fund (AMF) family of no-load mutual funds, announced performance results for the year ended December 31, 2006. For the year, 80% of its bond funds ranked in the top 18% of their respective category rankings tracked by Morningstar, Inc., a leading provider of independent investment research....... - Mutual of Omaha Podcasts Feature Golf Tips from Pro Matt Gogel
Before you dust off your golf clubs and head to the links, spending a few minutes with seven-time PGA tour member Matt Gogel could shave a few strokes off your score....... - One of Nations Largest Community Development Mutual Funds Introduces New Share Class for Institution
Community Capital Management (formerly CRAFund Advisors) announced today that the $750 million, no-load mutual fund it manages, the CRA Qualified Investment Fund, has introduced new share classes to better meet the needs of a broader range of investors.
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