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Scudder Kemper Investments Inc

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BUSINESS
January 2, 1998 | Reuters
Zurich Group, Switzerland's largest insurance company, said it had completed the formation of New York-based Scudder Kemper Investments Inc., an investment group with more than $200 billion in assets under management. Scudder Kemper Investments is the result of Zurich Group's acquisition in June of U.S. asset management and mutual fund company Scudder, Stevens & Clark in a deal worth about $2.4 billion.
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BUSINESS
January 2, 1998 | Reuters
Zurich Group, Switzerland's largest insurance company, said it had completed the formation of New York-based Scudder Kemper Investments Inc., an investment group with more than $200 billion in assets under management. Scudder Kemper Investments is the result of Zurich Group's acquisition in June of U.S. asset management and mutual fund company Scudder, Stevens & Clark in a deal worth about $2.4 billion.
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BUSINESS
December 29, 1999
* Bankers Trust Private Banking has named Aaron Sokol private banking relationship manager and vice president of the Los Angeles-based unit of Deutsche Bank. Sokol will be responsible for new business development for the high-net-worth private banking markets. He previously served as a portfolio manager at Los Angeles-based Scudder Kemper Investments Inc. * Edelman Public Relations Worldwide has appointed Gail Becker general manager and executive vice president of its Los Angeles office.
BUSINESS
July 19, 1999 | Bloomberg News
With 113 Standard & Poor's 500 index companies having reported quarterly earnings so far, analysts and investors say they are pleasantly surprised by the performance of most of them--which may push stock prices, already at records, higher in coming weeks. This week is the busiest reporting week for the quarter, with Bank of America Corp., Citigroup Inc., IBM Corp., America Online Inc. and Microsoft Corp. among the 150 S&P 500 names scheduled.
BUSINESS
August 9, 1999
* John Paris has been named vice president of Hill Partnership Inc., a Newport Beach architectural firm. Paris, who has been with the firm for nine years, specializes in medical and assisted living facilities. Mark Hendrickson has been appointed vice president/director of design. He has been with the firm 21 years. * James R. Phillips has joined Scudder Kemper Investments Inc. in Costa Mesa as a director for Scudder Private Investment Counsel.
BUSINESS
April 10, 1998 | From Bloomberg News
Long-term U.S. mutual funds attracted a record net $37.5 billion in March as investors pumped money into retirement accounts. An estimated net $27.5 billion went into stock funds, up from $24.2 billion in February, the Investment Company Institute said Thursday. An estimated net $7.5 billion was added to bond funds, versus $6.3 billion in February. So-called hybrid funds attracted $2.5 billion in March, ICI said. The total beat the $32.
BUSINESS
June 30, 1998 | From Bloomberg News
After slowing in May as the stock market turned dicey, cash flows into U.S. stock funds have rebounded in June as blue-chip stocks have hit new highs, many fund companies say. Bond funds also continue to gain in popularity with investors, as some look to diversify stock-heavy portfolios, experts say. An estimated $21.1 billion in net new cash has gone into stock funds this month, up from $18.7 billion in May, according to Trim Tabs Financial Services, which tracks flows.
BUSINESS
February 13, 1998 | From Bloomberg News
The level of fresh investments in U.S. stock mutual funds last month was about two-thirds of the amount that flowed into these funds in January 1997, while bond fund inflows were the highest since August 1993, an industry group said Thursday. The Investment Company Institute said a net $18.5 billion was invested in stock funds last month, down from last January's record $28.9 billion.
BUSINESS
June 30, 1998 | From Bloomberg News
U.S. investors are estimated to have increased their stock mutual fund purchases in June, a month when the Standard & Poor's 500 index hit an all-time high, and to have put more money in bond funds. An estimated $21.1 billion went into stock funds in June, up from $18.7 billion in May, according to Trim Tabs Financial Services Inc., which made the projection for the month that ends today.
BUSINESS
May 29, 1998 | From Bloomberg News
U.S. stock mutual fund managers are holding less cash than any time since 1972, an Investment Company Institute report showed Thursday. That's a red flag for those who recall what happened the last time funds were so fully invested. There followed "a painful bear market and it cost a lot of money," said Seth Glickenhaus, senior partner at Glickenhaus & Co., who has managed other people's money since the early 1950s.
BUSINESS
July 14, 1998 | WALTER HAMILTON, TIMES STAFF WRITER
U.S. investors hoping that Japan's election surprise on Sunday would be a watershed for Asia's battered financial markets came away disappointed on Monday. While stocks rallied 1.7% in Tokyo, they fell in most other Asian markets. But the yen didn't collapse, as some experts predicted. And on Wall Street, stocks closed mixed in mostly dull trading--suggesting confusion rather than worry or relief. In trading early today, most Asian markets rose modestly, while the yen was stable at about 141.
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