MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, May 12, 2009 Q1 Keeps an Exiting Fund Firm in the Red Integrity Mutual Funds posted another loss last quarter, though not as big as in the fourth quarter. On Tuesday the Minot, North Dakota-based fund firm revealed a Q1 2009 net loss of $147,141, down from a net income of $284,287 in Q1 2008 and up from a net loss of $4.2 million in Q4 (see MFWire, 3/18/2009). Meanwhile, Integrity's not staying put. The firm is slated to sell its fund business next month to a a new company, Corridor Investors, set up by Viking Fund Management employees and Integrity employees (see MFWire, 3/10/2009). Post-sale, Integrity will re-brand and re-focus on its brokerage subsidiary, Capital Financial Services. Printed from: MFWire.com/story.asp?s=21534 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |