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Article: Dependency culture; Fund management in Italy.(Italy's captive mutual funds)
- Article from:
- The Economist (US)
- Article date:
- July 5, 2003
CopyrightCOPYRIGHT 2003 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Italy could do with truly independent mutual funds
"THE events... allow us to hope that a new important phase of maturity for Italian capitalism has begun," proclaimed a recent note on the website of Assogestioni, Italy's investment-management association. The "events" were not as dramatic as all that. At the annual general meeting of Telecom Italia in May, fund managers had criticised the company's merger with its parent, Olivetti, a heavily indebted telecoms group. But the revolt stopped short of outright opposition to Telecom Italia's management. When foreign shareholders voted against the merger, the fund managers merely abstained.
Still, in Italy ...
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Article: HEDGE FUNDS RISKIER THAN MUTUAL ...
Seattle Post-Intelligencer (Seattle, WA);
December 27, 1999 ;
700+ words
... ... Answer: Hedge funds are similar to mutual funds in that they are professionally managed ... investment. First, hedge funds, unlike mutual funds, are neither regulated nor reviewed ... plus 20 percent of the returns. Unlike mutual funds, hedge funds do not have to disclose ...
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