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 |
|
Thursday, February 10, 2011 BlackRock and Fido Clients Feel Forex Pricing Pain Fundsters interested in the foreign exchange market may want to take a look at today's issue of the Wall Street Journal. Carrick Mollenkamp, Lingling Wei and Gregory Zuckerman report that, according to insiders, custodians like Bank of New York and State Street have mis-priced currency trades for clients of BlackRock [see profile] and Fidelity's institutional Pyramis unit [see profile]. BNY described its forex trading as "efficient and cost-effective," while State Street said it discloses its "pricing methodology." "We are committed to providing clients with the best value," BNY told the WSJ. The article also highlights several forex pricing suits that include attorneys general on the plaintiff side. Printed from: MFWire.com/story.asp?s=36014 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |