Weekly Web Roundup
February 18, 2002
MFMarketnews.com is keeping abreast of the industry's latest developments with postings twice a day. If you didn't log on last week, here are some Web exclusives you missed:
* Linda Coughlin, head of Zurich Scudder Investments' U.S. mutual fund group, is leaving the firm as part of an overall reorganization resulting from the firm's merger with Deutsche Asset Management, a company spokeswoman said. Coughlin will stay on with the firm as an advisory managing director after the merger and Mark Casady, a managing director at Zurich Scudder, will take over the mutual funds group.
* Minneapolis-based Voyageur Asset Management has acquired the institutional assets of Daniel S. Kampel Associates. The terms of the transaction were not disclosed. Kampel, who formed Kampel Associates in New York City in 1986, was one of the first financial professionals to advise Taft- Hartley pension and welfare funds, according to Voyageur. He will now serve as a consultant to Voyageur.
* ProFunds has filed with the Securities and Exchange Commission to add six new funds to its line up of 39 funds. The new funds include the Asia, Ultra Government Bond, Ultra Inverse Government Bond, Short OTC, Short Small-Cap and Ultra Blue Chip funds, according to the regulatory filing. Like most of the firm's other funds, the new offerings will employ leverage and short-selling techniques in an attempt to enhance performance.