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Criminal probe trail going cold at MF Global
When commodities brokerage MF Global imploded, the FBI and federal prosecutors were quick to launch an investigation to pursue what seemed obvious to outspoken regulators and lawmakers: laws were broken and crimes were committed. More than three months later, it is far from clear that anyone will face criminal charges over the disappearance of more than $600 million in customer money as MF

Retail investors see opportunity in the rising market

A 15 per cent spike in the stock markets since the beginning of the year has given retail investors an opportunity to exit their mutual fund (MF) schemes. The net outflows from MFs were Rs 456 crore

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CRR cut puts bank stocks back on fund managers' radar

Banks are back on fund managers’ radar. With a 50 basis points (bps) cut in their Cash Reserve Ratio (CRR) and rising anticipation of reduction in key policy rates, mutual fund (MF) equity

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Entry load or not, most foreign funds got it wrong

“When a fund house like Fidelity exits, it does not augur well for the Indian mutual fund industry,” says the chief executive officer of a leading fund house. But, he is quick to add,

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Two firms flourish in frenzied MF Global aftermath

The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of

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Fidelity in talks to sell India mutual fund biz: Report

Fidelity Investments is in talks to sell its India mutual fund business, a report on the Economic Times website said citing a person with direct knowledge of the development. Images: 'Billion-euro

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