Some Firms Resist Handing Over Keys to the Boardroom
After reviewing Gamco Investors' GBL fourth-quarter results, reported Wednesday, we're likely to leave our fair value estimate unchanged. Revenue rose 14% from the year-ago quarter, thanks to strong absolute returns in the company's various investment strategies as well as a brisk market tailwind. ...
Lactalis-Parmalat Takeover Saga Drags On as Minority Shareholders Resist
Volatility could return to the financial sector in the second half of 2013.
Poor investment performance and rising interest rates have exposed weaknesses in several asset managers.
Artisan to close Artisan Small Cap to new investors, Putnam fixed-income manager Daniel Choquette departs, and Praxis adds comanagers to its allocation and index funds. Also, Mario Gabelli makes a very large gift to his alma mater.
These three funds have received top marks.
Our new rating system gets right to the heart of the matter: evaluating whether management teams are good stewards of shareholder capital.
New rating system for stocks judges companies on how well they protect shareholder capital.
Plus, news on Fidelity, Gabelli, SunAmerica, Artisan, TIAA-CREF, more.