Scudder Kemper restrucuting to cut mutual fund lineup by 42%

Article Abstract:

Scudder Kemper Investments plans to consolidate 46 mutual funds and eliminate six others in an effort to cut the number of its mutual funds by 42%. Most of the consolidations will involve combining funds offered via the company's AARP Investment Program with similar Scudder funds. At the conclusion of the restructuring, Scudder's mutual fund lineup will be reduced from 74 to 43.

Scudder Kemper Investments

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Record torrent of cash floods mutual funds

Article Abstract:

Stock mutual funds posted a record in Feb and Mar 2000 in terms of cash investments. During the month of February, investors poured in about $45 billion to $60 billion more into mutual funds than they took out. The cash flow continued in March, with an estimated net of $41 billion. Most of the money went into top performing funds, which include technology, small- company growth and biotechnology funds.

Management dynamics

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Janus' gateway to growth

Article Abstract:

Janus, the fastest-growing mutual fund in the US, is composed of an energetic group of research analysts and portfolio managers, many of whom are younger than 30. The company now manages over $320 billion in 22 stock and bond funds, up from only $23 billion in 1995. CEO Tom Baily and Chief Investment Officer Jim Craig say their secret is to hire smart people right out of college and train them.

Janus

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