Weekly Web Roundup
April 15, 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:
* Credit Suisse Asset Management has announced that it will launch a new advertising campaign that includes print spots in business and trade publications. The unit, which is a division of Credit Suisse First Boston, intends to "broaden and raise the firm's profile among U.S. institutional investors," according to a statement issued by the company. "Our intent is to showcase our product range as well as the depth and breadth of our global expertise in good times and bad times," Shiv Mehta, the unit's head of product management and marketing, said in the statement.
* The Money Management Institute released current and projected data for separately managed account assets at its 2002 Annual Conference. At the end of 2001, there was $415 million in managed accounts, and 2002 may see assets hit half a billion. The number of accounts in 2001, 1.68 million, is also expected to rise this year to more than 2 million. And in a sign these vehicles are becoming more popular for modest clients, average account size, now at $247,000, is expected to decrease to $244,435. The results were announced by T. Neil Bathon, president of Financial Research Corp., a Boston-based financial research and consulting firm.