The News Review:
- Visa Inc. streamlines management structure
- Putnam Plans to Cut Its Fees
- Wogen agrees for management buyout at 41p/shr
- Aberdeen Asset Management Not Bidding For Delaware Investments
- New management roles at Ellora Energy
- USFS seeks public comments for amended land management plan
- TigerTel plans to go private in management buyout
Visa Inc. streamlines management structure
BusinessWeek
streamlines management structure – BusinessWeek. said Monday that its president John C. Morris will step down as part of a management restructuring that expands Chief perating fficer John M. Partridge’s responsibilities.
Putnam Plans to Cut Its Fees
Wall Street Journal
8 billion at the end of June down from $172 billion a year ago. “We don’t want pricing to be a reason why we don’t grow” Jeffrey Carney Putnam’s head of global marketing said in an interview. Putnam will cut fees on its asset-allocation funds 10% and will eliminate management fees on its target-date funds which hold a mix of investments and that becomes more conservative as investors approach their retirement date. The changes will take effect by the end of the week Putnam said. The company said it plans to seek shareholder approval in September for other pricing changes among them tying management fees on certain stock funds to fund performance. Analysts say they don’t expect fees to drop broadly across the mutual-fund industry — although a pricing war has broken out among companies that sell index funds which are facing competition from low-cost exchange-traded funds. In May for instance Charles Schwab Corp.
Wogen agrees for management buyout at 41p/shr
Reuters
4 mln stg * Shares indicated up 4 pct at 39 pence (Adds details) July 28 (Reuters) – Metals trader Wogen Plc (. L) said itagreed to be acquired by Sanctuary Partners a newlyincorporated company set up by Wogen’s management team in acash offer of 41 pence a share. The deal represents a premium of about 9 percent to Wogenstock’s closing price of 37. The cash offer values the present share capital of Wogen atabout 18. 4 million pounds and the fully diluted share capitalof Wogen at about 19.
Aberdeen Asset Management Not Bidding For Delaware Investments
CNNMoney.com
LN) isn’t interestedin acquiring Delaware Investments a U. fund manager owned by Lincoln NationalCorp. (LNC) its chief executive said Monday.
Related from Liabilitymanagementsystems: Associate – Performance Attribution & Analysis
New management roles at Ellora Energy
Bizjournals.com
named several new executives Monday. Steve Enger was appointed president and C Lon McCain was named CF and executive VP and Jeffery Williams will be VP of business development. Also Valerie Walker is retiring as VP of exploration. Scott Martin was continuing as chairman and CE. Enger had been Ellora's executive VP and CF.
USFS seeks public comments for amended land management plan
Alamogordo Daily News
The purpose of the amendment is to meet current federal wildland fire management policy direction and terminology. As part of the proposal forest management direction and both forest-wide and management area specific standards and guidelines would be amended to reflect changes in policy direction and terminology. The amendment would apply to National Forest System lands within the proclaimed boundaries of the Lincoln National Forest in Lincoln tero Chaves and Eddy counties. If adopted the amendment would change the current management options when addressing unplanned ignitions for resource benefit. The amendment allows for a broader application of this resource management tool in certain management areas.
TigerTel plans to go private in management buyout
Reuters
43 percent stake in TigerTel it said. Some members of TigerTel’s management may also transfertheir shares of TigerTel into SwiftCo prior to the closing ofthe transaction the company said. The companies expect a definitive agreement by Aug. 14 andthe deal is expected to close by ct.