November 13, 1999 |
Van Wagoner Capital Management said Friday it will close to new investors its Emerging Growth Fund--this year's best-performing U.S. stock fund--because increased inflows could crimp returns. The closely held San Francisco-based company said that on Monday it will shut the fund, which is up more than 200% this year, capping its size at about $1 billion in assets. The fund's assets were $325 million at the beginning of the year.
February 15, 2000 |
Despite their reputation for blindly throwing money at anything "dot-com," Internet investors have begun to get much more rational, according to some Net-oriented mutual fund managers. And that may be the lasting reality for the sector, even as specific niches heat up and cool down in coming years, these pros say.
May 29, 2001 |
Investors are cautiously returning to stock mutual funds, after yanking a record sum from the funds in March amid Wall Street's winter plunge. Spurred on by the stock market's sharp rebound since early April, investors pumped an estimated $22.9 billion in net new cash into stock funds in April, according to Financial Research Corp., which tracks fund flows. May also is expected to show a net cash inflow to the funds, researchers say.
August 29, 2004 |
Oil Prices Drop Nearly 10% for the Week Crude oil prices posted their biggest weekly decline in more than a year only days after flirting with $50 a barrel, and analysts say prices could drop further if tensions in oil-rich Iraq continue to stabilize. Despite edging up 8 cents a barrel Friday, to $43.18, oil for October delivery on the New York Mercantile Exchange fell $4.69 a barrel, or 9.8%, for the week. It also was crude oil's first weekly decline since late June.
May 11, 1999
Jesse Amarillas Salomon Smith Barney 633 W. 5th St., 34th Floor Los Angeles, CA 90071 Jesse Amarillas is a financial consultant for Salomon Smith Barney. His current focus is on international markets. He holds a bachelor's in biology and economics from UCLA. * Louis Barajas Louis Barajas & Associates 200 Citadel Drive, Suite 100 Los Angeles, CA 90040 Louis Barajas is the founder of Louis Barajas & Associates, a financial planning and investment management firm.