Jet Aviation is implementing a Major Expansion of its Singapore MRO and FBO Facility.

To answer increasing demand in the Far East and Indian subcontinent, Jet Aviation is implementing a major expansion of its Singapore MRO and FBO facility. Located at Seletar airport, Jet Aviation Singapore is tripling its hangar space to 7,500 sq m, while increasing exterior apron space to 9,300 sq m.


The major expansion will enhance its ability to handle large business jets, and will allow up to five Global Express 7000 or Gulfstream G650s to be accommodated in the hangars. The new hangar is being built alongside the existing one, and has a maximum roof height of 24 meters, tall enough to admit a Boeing BBJ or Airbus ACJ. The facility also has spray-booths and workshops specializing in interior upholstery and woodwork.

Global Aviation Software Vendor Ramco Systems Goes Live At Air India Daily Markets (press release) Ramco Systems, the Global Aviation Maintenance & Engineering (M&E) and Maintenance, Repair & Overhaul (MRO) software provider on cloud, tablets and iPad, announced that Ramco Aviation has gone live with its implementation in Air India. With this ... See all stories on this topic »

Gama Aviation Adds Five aircraft to its Middle East Fleet The Leading Aviation Industry Resource for News, Equipment and The market in the region for business aviation remains positive but slow, so it's pleasing to see that the hard work and customer service ethic of our entire team here at Gama is producing strong results and gaining significant traction. Whether it's ... See all stories on this topic »

Jet Aviation Broadens Dubai Offerings Aviation International News Jet Aviation has expanded its MRO and FBO services at its Dubai facility, having recently received FAA approval to perform base and reguarly scheduled maintenance on a variety of business aircraft. December 10, 2012, 8:15 AM. With FBOs in Dubai, Jeddah ... See all stories on this topic » Aviation International News

Turbulence in African aviation BDlive It's not just about profit there's also benefits from aviation with Iata saying the sector creates 250-million jobs directly and indirectly and we contribute about R50m to gross domestic product (GDP) so those are the benefits we see. STV: Looking at ... See all stories on this topic » BDlive

Fujairah Airport Hosts Business Aviation Among Other Priorities Aviation International News This has created an opportunity for the emirate to develop business aviation at Fujairah International Airport, where Aurora Aviation was appointed earlier this year to run the facility's FBO. Nestling on the UAE's east coast, Fujairah is the world's ... See all stories on this topic » Aviation International News

TAG Aviation Farnborough Highlights New Facilities Aviation International News TAG Aviation (Stand 475) is promoting its activities in Asia, Europe and the Middle East and reinforcing the claim that its Farnborough Airport facility, southwest of London, is “the leading business aviation gateway” to the city. “We intend to promote... See all stories on this topic » Aviation International News

Civil Aviation Authority of Singapore and the Singapore Scout Association ... eTravelBlackboard - Asia Edition The Civil Aviation Authority of Singapore (CAAS) and the Singapore Scout Association (SSA) signed a Memorandum of Understanding (MOU) today to establish a Youth Aviation Advisory Board (YAAB) to expand their cooperation in promoting awareness and ... See all stories on this topic »

Denel Aviation maintenance specialists face axe early next year Creamer Media's Engineering News South Africa's Soldarity trade union reported on Monday that it had been verbally informed that all 523 aircraft maintenance personnel of Denel Aviation's Aero Manpower Group (AMG) will be retrenched, as a result of the decision by the South African ... See all stories on this topic »

Jet Aviation Singapore Implementing Major Expansion Aviation International News To answer increasing demand in the Far East and Indian subcontinent, Jet Aviation is implementing a major expansion of its Singapore MRO and FBO facility. Located at Seletar airport, Jet AviationSingapore is tripling its hangar space to 7,500 sq m ... See all stories on this topic »

CAE names Rob Lewis VP for global business aviation, helicopter and ... Vertical Magazine (press release) Lewis has a multi-faceted business aviation experience, encompassing over the past decade international aircraft operations management, maintenance and avionics support, and staff training. He most recently led Pentastar Aviation as CEO and president ... See all stories on this topic » BlogMaster [ Blogger In Chief ] Must Be [ BE + MBA ] Aviation / Airlines / Hotel Reviews / Travel Articles / Travel Bloggers & Content Writers Education :  Min B Tech / BE [CS / IT ] BS in Computer Science AND  (MBA HR/ Mktg / E Commerce ) Students from Abroad Univ / IIT / IIM  would prefer. Age  : Min Age 22 Yrs. to  Maximum Age 25 Yrs. Minimum Qualifications: She/he should have a high-quality work ethic and the drive to meet tight  deadlines. The job would involve frequent countrywide travel and you will be  required to file stories from the field.  Job Description : A very Innovative Tech Savvy person who can Think Out of The Box and can  lead a team of 8 - 10 Bloggers, HR and Marketing Professionals. Managing More then 700 Blogs on regular basis with a very small team of Bloggers. Developing unique content on International Aviation, Education, IT, Hotels & Reviews about Airlines, Mobile, Cars, Hotels across world. Writing travel blogs,travel articles,travel tips,travel guides on websites keeping SEO parameters in mind. Developing content for Travel & Hotel Newsletters. Editing and revising content wherever Needed. Writing press releases on travel business. Excellent command over English language shall be must for the incumbent. Research on a continuous basis for travel related information,news etc. Your mission will be to ensure AeroSoftCorp is always fast, available,  scalable and engineered to withstand unparalleled demand. You will design and  develop the systems which run AeroSoftCorp Search, Ads,Blogger and more.  You'll own the production services which comprise AeroSoftCorp.com, as well  as key infrastructure like Other Blogs and cloud computing' clusters. Needs to Learn Bing & Yahoo WebMaster Tools. In house OnLine Training for all Skills shall be provided. You will also be driving performance and reliability from software and  infrastructure at massive scale, where even the 0.01% case must be considered.  You will encounter challenging, novel situations every day, and work with  just about every other engineering and operations team at AeroSoftCorp.  You willbe looked upon as an expert and advocate to fellow Bloggers and  Engineers on making design and reliability trade-offs in running  large-scale services and engineering complex systems that fail gracefully  and transparently to users. The most successful candidates for this role will have strong analytical and  trouble shooting skills; basic knowedge in coding, algorithms, and systems design;  solid communication skills; and a desire to solve complex problems of scale  which are uniquely AeroSoftCorp. We are particularly interested in Freshers Bloggers, software engineers, systems administrators Or Unix programmers familiar with aspects  of running web services at scale. Depth in networking technologies and  Unix / Linux internals are strong pluses. In house OnLine Training for all Skills shall be provided. Responsibilities: Learn how to Manage availability, latency, scalability and efficiency of  AeroSoftCorp Blogging services by engineering reliability into software and  systems Respond to and resolve emergent service problems; build tools and  automation to prevent problem recurrence Review and influence new and evolving design,  architecture, standards, and  methods for operating services and systems Participate in software and system performance analysis and tuning, service  capacity planning and demand forecasting Perform periodic on-call duty as  part of a AeroSoftCorp Global Bloggers Team. Salary:INR 4,25,000 - 5,00,000 P.A Plus Subsidised Accomodation and Veg Food Industry: Aviation, Travel, IT, KPO, Hotels, Restaurants, Airlines, Education, IT Functional Area: Journalism, Editing, Content Role Category: Web Devlopment, Content Development Role: Content Developer, Ma Keyskills : Aviation, travel Writing, Travel Blogging, Travel Blogger, Travel writer, Creative Travel writing Please Apply to, Er Neha Godbole B.E (Computer Science), PGDM (PM & HRD)  Executive HR  www.AeroSoftCorp.com   www.AeroSoft.in  www.AeroSoft.co.in  www.AeroSoftseo.com  http://ernehagodbole.blogspot.com  neha@aerosoft.in Exampe of Bio http://aerosoftseo.com/team/reema/ http://aerosoftseo.com/team/neha/ http://aerosoftseo.com/team/anubha/ Follow us on Fb :  https://www.facebook.com/wwwAeroSoftCorpcom

Many Kingfisher Airline's Jet Aircrafts Impounded

The grounded Kingfisher Airlines faced another blow when at least seven of its aircraft parked at Mumbai airport were impounded by the service tax department for its failure to pay around Rs200 crore as dues.

According to sources, the order was passed by MRR Reddy, the additional commissioner of service tax (Mumbai) on Friday.The order stated that Kingfisher Airlines has not paid an estimated Rs63 crore apart from the interest payable on it thereon. In addition, the airline also needs to pay around Rs128 crore in other dues. The airline, on its part, had approached the higher authorities to order a stay on the impounding of its aircrafts, but failed to get it.

Kingfisher's flight may not end on 31 December Livemint Mumbai: The last day of the year may not be the last day for the grounded KingfisherAirlines Ltd, according to a government official and an employee at the firm, although the latter admitted that the situation at the airline promoted by billionaire ... See all stories on this topic » Livemint

7 Kingfisher jets impounded Daily News & Analysis The grounded Kingfisher Airlines faced another blow when at least seven of its aircraft parked at Mumbai airport were impounded by the service tax department for its failure to pay around Rs200 crore as dues. According to sources, the order was passed ... See all stories on this topic »

Court asks Kingfisher Airlines to remit half its TDS dues now Hindu Business Line In a setback to Vijay Mallya-owned Kingfisher Airlines, the Karnataka High Court on Wednesday directed the company to deposit 50 per cent of the Rs 371 crore that it is required to remit to the Income-Tax Department as tax deducted at source (TDS) from ... See all stories on this topic »

Investors Shun Struggling Indian Air Transport Sector Aviation International News Policy-making paralysis over much-needed reforms and liquidity concerns raised by the grounding of Kingfisher Airlines has deterred investors, vendors, lessors and suppliers from doing business in India's air transport sector, according to delegates ... See all stories on this topic »

Japan's Economy also Slips Into Global Recession

Revised figures from Japan's Cabinet Office show the economy contracted at an annual rate of 3.5% from July to September. GDP for April to June, previously rated as a small expansion, was revised lower to an annual contraction of 0.1%.

Japan's gross domestic product has dropped for two straight quarters, pushing its economy into a recession, according to fresh government data released Monday.

Economies are commonly described as being in a technical recession after two straight quarterly contractions. But many countries -- Japan included -- rely on advisory panels to define the length and starting point of recessions.
Economists are increasingly pessimistic about Japan's economy, and many expect GDP to contract in the current quarter as well. The third-largest economy in the world, Japan has suffered from weak exports, a trade spat with China and continued fallout from last year's nuclear disaster and tsunami.
The country's debt-to-GDP ratio is the highest in the world. And much like in the United States, its leaders do not agree on the path most likely to restore growth.

The disappointing revisions come as Japan prepares for an election that could affect monetary and fiscal policy in the country.
Prime Minister Yoshihiko Noda dissolved the lower house of parliament last month, calling for new elections set to take place next week.
Related: What to expect in 2013
Based on current forecasts in Japan, neither of the two main parties is likely to secure enough votes in the election to form a majority government. One possible outcome is a coalition government with LDP leader Shinzo Abe as prime minister.

Abe has held the post in the past, but stepped down citing health reasons in 2007 after only a year in office. If elected, Abe would likely push the Bank of Japan to relax monetary policy and adopt a higher target for inflation.  

Japan Falls Into Recession Wall Street Journal TOKYO—Japan 's economy shrank for the second quarter in a row in the three months through September, revised government data showed Monday, indicating that the world's third-largest economy has entered a recession. The revised data will likely ... See all stories on this topic » Wall Street Journal

Japan's Economy Contracts More Than Forecast in Third Quarter Bloomberg By Keiko Ujikane - 2012-12-10T06:00:08Z. Japan's economy sank into recession in the second and third quarters, fueling opposition leader Shinzo Abe's calls for more stimulus and highlighting the risk that weak growth will derail a planned sales-tax rise. See all stories on this topic »

Germany, engine of Europe, faces looming recession CBS News A recession -- defined as two consecutive quarters of shrinking gross domestic product - has likely already started in Germany, according to the report. The bank expects final economic numbers for the year to show that the country's growth fell over ... See all stories on this topic »

Homeless Rates in US Held Level Amid Recession, Study Says, but Big Gains ... New York Times WASHINGTON — The federal government has made big strides in reducing the ranks of the chronically homeless and of veterans who are homeless, but it probably will not reach its goal of ending homelessness among those two populations by 2015, ... See all stories on this topic »

Japan enters recession before election Financial Times Japan has entered its fifth recession in 15 years just days before the December 16 election, which is expected to sweep the Democratic Party of Japan from power. The contraction is a blow to Prime Minister Yoshihiko Noda and the DPJ. Shinzo Abe, the ... See all stories on this topic »

Recession hitting youth hard in Minnesota Winona Daily News Of all the facts and figures that fly around related to the recession and our too-slow economic recovery, these are perhaps among the most relevant. More and more young people becoming “disconnected” doesn't bode well for our future. Efforts to re ... See all stories on this topic »

Is The U.S. Already In Recession? Seeking Alpha Actually, Achuthan loses credibility quite quickly by claiming there is a strict definition of recessionbased upon peaks of production (Achuthan apparently views "production" as "industrial production"), income, jobs, and sales. In contrast, according ... See all stories on this topic »

Britain's business minister sees risk of triple-dip recession Reuters LONDON (Reuters) - British business minister Vince Cable said Britain could fall back intorecession for a third time since the 2008 financial crisis but expected the economy to stagger on with minimal growth. In an interview published on Sunday, Cable ... See all stories on this topic »

Japan's economy slips into recession CNN Japan's gross domestic product has dropped for two straight quarters, pushing its economy into arecession, according to fresh government data released Monday. Revised figures from Japan's Cabinet Office show the economy contracted at an annual rate of ... See all stories on this topic »

'Spain's recession less than expected' Independent Online Despite the recession and the “dramatic” unemployment rate of 25 per cent, de Guindos saw signs that Spain “could be leaving the worst of the crisis behind,” such as an upsurge in exports and the banking sector reforms carried out by the government. See all stories on this topic »

BITS Pilani, Dubai Campus hosts first International Conference on Cloud Computing

The International Conference on Cloud Computing Technologies, Applications and Management (ICCCTAM -12) was held in BITS Pilani, Dubai Campus during 8 - 10 of December 2012. The Conference was inaugurated in a traditional way with the lighting of lamp by the dignitaries on 8 December 2012.


The aim of the conference is to provide a platform to academicians, researchers, practitioners and users to share latest academic achievements, showcase the best technical achievements in cloud computing and discuss the scope and challenges faced in this emerging area.

Dr. Ayoub Kazim, Managing Director of Dubai Knowledge Village and Dubai International Academic City was the Chief Guest. Dr. Eesa Bastaki, Chairman, Emirates Science Club, Dubai and Ms. Maryam Al Thani, Chair, IEEE UAE Section were the dignitaries present on the occasion.

Dr. Anand Kumar, Programme Co- Chair gave an insight about the Conference. The Programme Chair and Director of BITS Pilani, Dubai Campus Prof. Dr. R K Mittal welcomed the gathering and informed the audience about the importance of Cloud Computing in the field of Education.

He mentioned "There were more than 80 paper submissions from over 10 countries such as South Korea, Japan, China, Iran, Kazakistan and Malaysia. Nearly 50 papers were accepted after a rigorous review process by a panel of reviewers that included eminent external experts from Industry and Academia. He also briefed about the pioneer project BITS Connect 2.0 which connects BITS Pilani and other three campuses located in Dubai, Goa and Hyderabad in India He thanked IEEE for the technical sponsorship and all the financial sponsors of the conference."

The Chief Guest Dr. Ayoub Kazim congratulated BITS Pilani, Dubai Campus for holding its first research conference and lit the lamp to mark the beginning of the conference. Ms. Maryam Al Thani, Chair, IEEE UAE Section shared about some of the IEEE activities planned for the near future. The inaugural ceremony concluded with a delightful cultural programme by the students of BITS Pilani, Dubai Campus. 

Dr. Eesa Bastaki, the first keynote speaker highlighted the use of cloud computing systems in business organizations and focused on the legal issues concerning cloud computing.

He also highlighted, "National Interest ICT Projects, and one of the vital projects in UAE National Research and Education Network (NREN) called 'Ankabut', through which more than 50 campuses and / or more than 30 universities are connected, which in turn is connected to other national research and education networks, including Internet2 in the United States, Janet in the UK, and across Europe through GEANT."

Dr. Osman Ahmed, VP and Head Siemens Centre of Excellence on Smart Buildings, Abu Dhabi compared cloud computing systems with nature and the formation of clouds in the atmosphere to signify its importance. His address and discussion stimulated thinking among the computer and IT professionals and business experts to look for new solution inspired by nature. 

Dr. Ahmed Dabbagh, Technology & Services Development Manager, Ankabut, UAE delivered a key note address on UAE Educational Cloud over 'Ankabut'. He said that Ankabut has a 5 years plan of the community services, and now is planning to build the UAE Educational Cloud. Prof. Dr. Peter Varman, Rice University, Houston, USA is scheduled to give a keynote address today- 10 December 2012. 

The delegates presented their findings on a variety of Cloud Technology aspects like architecture, services and security. Applications of cloud technology to education, library, biotechnology, and gaming were presented. Some management issues were also presented and discussed.

The students organized the Hackathon as part of the Conference. Through the hackathon, the students from various disciplines came together to design and develop a prototype of an intelligent traffic system.

7 Predictions for Cloud Computing in 2013 That Make Perfect Sense Forbes And — no surprise — cloud computing is this year's hottest topic. Cloud is already a force to be reckoned with on the business technology scene — IT executives, vendors and analysts alike are trying to keep up to determine what it all really means ... See all stories on this topic » Forbes

BITS Pilani, Dubai Campus hosts first International Conference on Cloud ... AME Info The International Conference on Cloud Computing Technologies, Applications and Management (ICCCTAM -12) was held in BITS Pilani, Dubai Campus during 8 - 10 of December 2012. The Conference was inaugurated in a traditional way with the lighting ... See all stories on this topic »

Separating Fact From Fiction in Cloud Computing The Data Center Journal (blog) Cloud computing is a powerful and important tool for today's businesses, but like any tool it must be used properly to realize its true benefit. Responsible businesses and IT departments will take the time to fully understand the risks and benefits ... See all stories on this topic » The Data Center Journal (blog)

What Does a Cloud IT Career Really Mean? IDG News Service The term cloud computing has become part of the vernacular in companies of all industries and sizes. Over the past few years, more and more companies are moving to the cloud to save money, scale more easily and achieve faster times to production. See all stories on this topic »

Top 7 storage trends to watch out for in 2013: Symantec InformationWeek India Software defined data centers will take on cloud computing to become the new industry buzzword. In 2013, software defined storage will have significant impact on cloud, appliances and SSDs/Flash storage implementations. Also, commodity hardware ... See all stories on this topic »

Mirantis pitches a do-it-yourself OpenStack cloud GigaOM Here's the thing about OpenStack — techies inside companies often want cloud computingcapabilities and have the wherewithal to test them out but not the time or energy to knit together the disparate pieces that go into an OpenStack cloud. Mirantis ... See all stories on this topic »

VMware: Penetration Rate of Cloud Computing in Taiwan Reaches 44% The Taiwan Economic News Taipei, Dec. 10, 2012 (CENS)--Taiwan's penetration of cloud computing in enterprises reaches 44%, higher than the average of 42% in the Asia Pacific, according to a report by VMware, a U.S.-based cloud computing and virtualization software provider. See all stories on this topic »

Obama for America's Technology Dream Team Taps Salesforce for Mission ... Sacramento Bee Hundreds of campaign workers and volunteers took advantage of the flexibility and massive scalability of salesforce.com's cloud computing platform to manage and respond to 5.7 million voter inquiries and 1.5 million voter contact records over a span of ... See all stories on this topic »

Cisco's Meraki Acquisition Will Post Gains 'For Years To Come' Seeking Alpha The company's most seminal acquisition to date came on November 18, 2012, when it acquired Meraki, Inc., a leader in cloud computing for middle-market businesses and enterprises. The acquisition will allow Cisco to make cloud-managed networks ... See all stories on this topic »

The Cloud: No Longer Distrusted and Misunderstood E-Commerce Times A recent survey on cloud computing explored the business growth opportunities for buyers and consumers of cloud services alike, and its findings about confidence are surprising. Businesses are experimenting with the technologies and services that are ... See all stories on this topic »

Rushabh Agarwal, Kunal Lad and Nitin Gangahar of BITS Pilani Campus Offered jobs by Google

Rushabh Agarwal, Kunal Lad and Nitin Gangahar of BITS Pilani Campus have been offered jobs with a dream salary package of US $ 2,25,000 (INR 1.22crore) by Google, this semester. This is among the highest package grabbed by Indian students this year and the humungous package offered has grabbed eye balls of students and Industry alike. They will be posted at Google's head office in Mountain View, California. The trio have been asked to report for work by October 2013.

Beating the bleak placement scenario this year, they were hired during campus placements held in October. The trio, along with three other students, was shortlisted to appear in the final selection round at Google's office in Bangalore.

Sharing the success mantra to Times Of India, Rushabh said, "The final rounds were purely technical and were designed to test one's complete knowledge on the subject," adding that knowledge on subject to all students remains more or less the same but what matters is its application. He expressed that they will donate a certain amount to promote scientific temperament in the society, especially among the underprivileged masses. Undoubtedly, all three were brilliant and had won several awards in technical fests which exposed them to global innovations in computer science.

Kunal is more focused on the graph theories whereas Rushabh's interest lies in research and projects. Both have few publications to their credit. "The BITS exposure was phenomenal. I got an opportunity to do my internship in Canada. Besides, my research fellowship from the Indian Academy of Science at IIT-Mumbai also helped me upgrade myself several notches," said Kunal. Nitin did the summer internship in Google News division in Bangalore during May – July 2011.

Rushabh and Kunal attribute a major portion of their success to BITS which provided them comprehensive and holistic education along with interaction with best brains which helped them evolve into complete individuals. The surprising element is that they all are from the same branch, Computer Science. Even more surprising is the fact that their duals are also the same. They are in their fifth year of dual degree (MSc Mathematics and B.E honours in Computer Science) and they will be getting their degrees by July 2013. While Rushabh is from Mumbai, Kunal is a Nagpur lad and Nitin hails from Renu Sagar in UP.

Let's have a look at some of the placements at BITS Goa campus. Aman Bhatia, Tushar Mandar and Rounak Jain have landed themselves packages of 55 lakhs PA offered by Epic Systems, USA. Placements have literally been galore for Computer Science /Information Systems students for everyone with a CGPA of above 6 is placed. Many Core Mechanical Companies have also visited Goa Campus this time. Placements for EEE and ENI are also fairly average. Only Chemical engineers are in a spot of bother as the placement scenario has been a bit gloomy.

The sky high salaries of the Pilani trio have set the imaginations of BITSians, not only in Pilani but also in Goa and Hyderabad, soaring. They have surely inspired a whole generation of BITSians who will seek to follow in the footsteps of these young achievers.

How to Reedem Mutual Funds

How to Redeem your Mutual Fund Units

The process of 'selling' your mutual fund units is called as 'Redemption. This presentation shows how to redeem your mutual fund units. Most AMCs offer the redemption option on your account statement itself.

Instructions
1
Consult your mutual fund investment statement, which should have a transaction
 slip at the bottom of the page. Instructions for filling out the transaction 
slip and a mailing address for the mutual fund company should be featured on 
the back of the statement so that you can mail it in and redeem your mutual 
fund shares.

2
If you don't wish to redeem your mutual fund shares by mail or have misplaced 
your investment statement, visit the broker that you originally purchased the
 mutual fund shares through. Whether it is a physical broker or an online 
brokerage, you should be able to redeem your shares with very little 
difficulty. If you have a money market account set up through your broker, 
the funds from your redeemed mutual funds will likely be deposited directly 
into that account for you to withdraw or reinvest.

3
Another alternative for redeeming your mutual fund shares is to wait for the mutual fund to reach its maturity date. Most brokers will have an option to let you automatically redeem a mutual fund that has reached its date of maturity, again depositing the money from the mutual fund directly into your money market account. Depending on the brokerage that you use, you may also have the option to use this money to invest in other mutual funds or stocks automatically from your money market.

How to Reedem Mutual Funds,

Paulson & Co Hedge Fund,
Scotia Bank Cayman Islands,
Citigroup Private Bank,

'Direct plans likely to bring down costs for Mutual Fund investors'
Financial Express
Mutual funds.jpg. Mumbai : As mutual fund houses gear up to provide direct plans in their existing and new schemes from January, total expense ratio for investors is likely to fall in different schemes, say industry officials. "The move to implement ...
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mutual funds nearing an annual record Haaretz The figure increased the year-to-date total of net new fund-raising to about NIS 19 billion and puts the industry in shouting distance of its 2009 record, when it raised a net NIS 20 billion. All told, the mutual funds count about NIS 170.3 billion in ... See all stories on this topic »

SEC: Tennessee Mutual Fund Directors Failed to Oversee Asset Pricing Wall Street Journal Directors of five mutual funds based in Memphis, Tenn., were accused of failing to meet their responsibilities to oversee the pricing of assets in the run-up to the 2007 financial crisis, the Securities and Exchange Commission said. The funds' managers ... See all stories on this topic »

Are Mutual Funds Stealing Your Income? - NASDAQ.com NASDAQ First things first: There is no such thing as a "free" mutual fund or "free" investment. In my previous days working as a financial advisor, I had a prospective client tell me his mutual fund portfolio wasn't costing him anything. I showedhim the fees ... See all stories on this topic »

Most Millionaires Continue to Invest in Mutual Funds Millionaire Corner Millionaires' investment in U.S. stock mutual funds is essentially unchanged compared to last year, but remains below 2008 levels, according to the latest Millionaire Corner research on the attitudes and behaviors of affluent investors. The majority of ... See all stories on this topic »

US SEC charges 8 mutual fund directors over asset valuation Reuters WASHINGTON Dec 10 (Reuters) - U.S. securities regulators charged eight former mutual fundboard directors on Monday with fraudulently overstating the value of their securities at the brink of the housing crisis. The Securities and Exchange Commission ... See all stories on this topic »

Emerging-Market Balanced Funds Luring More Investors - WSJ.com Wall Street Journal NEW YORK--A small group of emerging-market balanced mutual funds that offer lower volatility are drawing interest from risk-averse investors and their advisers. Asset managers are expected to launch more of these hybrid products, but existing funds are ... See all stories on this topic »

Guilderland mutual fund hits $100 million asset mark Bizjournals.com The Adirondack Small Cap Fund, a seven-year-old mutual fund based in Guilderland, New York, has surpassed $100 million in assets under management. Fund co-managers Greg Roeder and Matt Reiner consider themselves “contrarian” investors. See all stories on this topic »

SEC Charges Eight Mutual Fund Directors for Failure to Properly Oversee Asset ... Here Is The City The Securities and Exchange Commission has announced charges against eight former members of the boards of directors overseeing five Memphis, Tenn.-based mutual funds for violating their asset pricing responsibilities under the federal securities laws. See all stories on this topic »

Eight Ex-Morgan Keegan Fund Directors Sanctioned by SEC Bloomberg Eight former directors overseeing mutual funds for Morgan Keegan & Co. were accused by U.S. regulators of allowing assets backed by subprime mortgages to be overvalued as the housing market collapsed in 2007. The action, filed in administrative court ... See all stories on this topic »