Mutual fund companies are stocking up on gains

Article Abstract:

Mutual fund companies have prospered because of a continuing bull market, which means that investors may be able to share their fund company's gains even if their stock funds have done poorly in 2000. Mutual fund companies have done so well largely because they levy a fixed charge on the assets they manage, and the more assets they manage, the more money they make. Investment Company Institute statistics indicate that investors poured $212 billion into stock funds in 1st half 2000 alone. The industry is collecting management fees on $7.1 trillion in assets.

Financial analysis

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Money keeps flowing into mutual funds

Article Abstract:

The mutual fund industry has posted a record-shattering $256 billion in investments from Jan to Aug 2000. The sudden rush of investments into mutual funds has surprised even industry experts espepcially since most major stock indexes are well below their records for the year. The deluge is unusual since the stock market is haing its worst year since 1994. More ironic is the fact that americans are spending more than they are earning which is pushing the US savings rate to -0.4%, the lowest on record.

Market information - general

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Mutual funds let managers run hedge funds as perk

Article Abstract:

Mutual fund companies are trying to retain their best managers by offering them an opportunity to run a hedge fund. Although top-performing fund managers already make millions from mutual funds, they are still lured by hedge funds because they have the potential to earn more from such funds. Among the top mutual managers that have transfered to hedge fund companies are Alexander Cheung of Monument Internet fund and Erin Sullivan of Fidelity Aggressive Growth.

Personnel administration

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