In the Margins

Just how much did funds lose in PR bonds?

May 16, 2017

By The Wall Street Journal

Mutual funds' losses from soured investments in Puerto Rico bonds total as much as $5.4 billion over the past five years, according to a Wall Street Journal analysis of mutual fund holdings and municipal bond trades. Those losses, which are both actual and unrealized, were in a wide range of funds managed by Franklin Resources, OppenheimerFunds, Vanguard Group, Goldman Sachs Asset Management, Western Asset Management Co., Lord, Abbett & Co., AllianceBernstein Holding, and Dreyfus Corp. Read the original story from The Wall Street Journal

 

 

Most Read

Top of the Agenda - Compensation
IDC: Directors see modest pay increase in 2021

Independent mutual fund director compensation levels increased in 2021, though the year-on-year change was significantly lower than in 2020, according to new data obtained by Fund Board ...

Top of the Agenda - Regulatory
SEC to advisers: Turn over 15(c) documents, info

The Securities and Exchange Commission has begun requesting documentation and information from mutual fund advisers about their funds' 15(c) processes and fees. The Division of Enforcement ...