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Mayban to offer new unit trusts

MAYBAN Management Bhd is looking towards offering a wide range of innovative as well as different types of unit trust products in a bid to be competitive and gain a stronger foothold in the mutual fund industry in the country.


PUTB growing fast in funds industry

FOR a company which ventured into the unit trust business hardly two years ago, Prudential Unit Trusts Bhd (PUTB) has fast gained prominence in the country#039;s mutual fund industry.


Having a direct rapport with her staff

SINCE she joined as chief executive officer and general manager of HLG Unit Trust Bhd on Jan 1, 2002, the one thing which Tye Su Leng has always done and continued to do so is to have a direct rapport not only with the company#039;s staff but also the distributors of the company#039;s funds.


CEO: Right work culture, systems vital ingredients for success

LOCAL companies should try to emulate their counterparts in Western countries in creating the right work culture and having the appropriate systems in place for them to succeed, BHLB Pacific Trust Management Bhd chief executive officer Paul Low Hong Ceong said.


Prudential Unit Trusts continues to do well

Prudential Unit Trusts Bhd has now been operating in the local mutual fund industry for two years and is fast becoming one of the major players to be reckoned with. Daljit Deshi interviews its CEO Mark Toh.


Putnam charged with fraud

B>BOSTON/B>: Federal and state regulators on Tuesday accused Putnam Investments of securities fraud, making the mutual fund company the first to be formally charged in a widening probe into improper trading.


Bank of America, Fleet make record settlement

Bank of America Corp and FleetBoston Financial Corp have agreed to pay a combined US$675mil to resolve charges that they helped favoured clients trade mutual funds improperly at the expense of ordinary investors.


US regulators shift gears in fund probe with new fine

US regulators on Wednesday broadened a sweeping probe into mutual funds on announcing the first fine against a big asset management company for paying distributors to recommend its funds to investors.


Putnam to pay US$110mil to settle scandal

Putnam Investments agreed on Thursday to pay federal and state regulators US$110mil to settle charges that some managers and clients engaged in market timing, breaking company rules that forbid the practice.


Janus to pay US$225mil to settle probe

Janus Capital Group Inc will pay US$100mil in fines and restitution to investors, and has agreed to cut its fees by US$125mil to settle accusations it allowed abusive trading in its mutual funds, securities regulators said on Tuesday.