Archive for May, 2012

A Brandywine Portfolio For Mid Caps (Investor’s Business Daily)

Brandywine Advisors Fund gets by with a little help from its friends. Those pals are the 19 analysts, researchers and managers who make buy-sell…

Panel: Bloomberg Can Broaden Investments (AP)

Billionaire Mayor Michael Bloomberg is seeking to broaden the investments he makes for personal and philanthropic purposes, and a panel ruled Wednesday he can do so if the money management is cloaked in a layer of anonymity.

ETF Companies Testing Limits Of Stock Picking (Investor’s Business Daily)

Exchange traded funds, which are supposed to track indexes, are moving closer to active management.

Gamco Buys Calif. Micro, Magnetek Stakes (AP)

Gamco Investors Inc., an investment arm of founder and CEO Mario Gabelli, on Wednesday reported a 5.15 percent stake in digital power products maker Magnetek Inc., and a 5.3 percent stake in chip maker California Micro Devices Corp.

BlackRock Rise Despite Frozen Fund (AP)

BlackRock Inc.’s stock rose modestly Wednesday, slipping earlier in the day after the investment manager froze one of its funds because too many clients tried to take their money out.

Plane Crash Takes Life of CEO (AP)

Michael Klein, the CEO of hedge fund manager Pacificor LLC, was killed in a plane crash in Panama over the weekend, cutting short a successful career that included a $450 million deal with Yahoo Inc.

Fate of single-state funds uncertain (Bankrate.com)

An upcoming Supreme Court decision will determine the fate of single-state municipal bond funds, says Dr. Don Taylor.

The Best New Funds of 2007 (Morningstar.com)

There are some winners amid the dross.

Citi May Write Down $18.7B, Analysts Say (AP)

When Citigroup warned in early November that it was likely to write down its portfolio by $8 billion to $11 billion in the fourth quarter because of exposure to bad loans, investors recoiled at the size of the losses.

Ritchie Hedge Fund Investors Seek Ch 11 (AP)

Investors in a failed hedge fund run by Ritchie Capital Management LLC want to force the fund into bankruptcy and investigate possible mismanagement and fraud in the wake of the fund’s collapse.