70 billion* in an offering, where Citigroup
Global Markets Inc. acted as
sole bookrunner and co-lead manager, and UBS Securities LLC and Wachovia
Capital Markets, LLC acted as co-lead managers.
investor beste
V.5 billion in assets.S. For more information,
visit
http://www.ursula mena
This team currently manages
approximately $1.catalyst safehaven
ing.com
Contact: Tracey
Gordon or Christina Divigard
ING U. is one of the largest investment
managers in the
United States, managing $178 billion in over 135 mutual funds and various
separately
managed accounts as of September 30, 2004.mena momentum
The
Fund will seek to balance its objectives by offering
the potential for some
protection against adverse changes in selected markets through the strategic
use of buying put options on selected securities indices.
For more information, visit http:
//www.federatedinvestors.momentum exchanges
Prior to
joining Morgan Stanley, Mr.
"There is a growing base of
financial advisors and investors looking for
investment strategies with the potential to deliver
attractive levels of
cashflow, with an opportunity for some appreciation from global markets and
this new Fund targets their needs," said Bob Crispin, Chairman and CEO of ING
Investment Management
Americas. Please read
the prospectus carefully before investing.mena beste
"Scott Wentsel brings more
than 20 years of investment industry experience
to Ibbotson Associates," said Michael Annin, managing
director. With offices in
Chicago, New York and Tokyo, Ibbotson Associates markets its integrated
product line to institutional money managers, insurance companies, plan
sponsors and consultants
, financial planners, brokers, mutual fund firms,
hedge funds, banks and small money managers.S.,
ING offers a comprehensive array of financial services to
retail and institutional clients which
include life insurance, retirement
plans, mutual funds, managed accounts, alternative investments
, direct
banking, institutional investment management, annuities, employee benefits,
financial
planning, and reinsurance.ing.definitive understood
As Senior Portfolio Manager, he will be responsible for oversight
of
the firm's investment management process and staff. Wentsel was an Executive Director with
Morgan
Stanley where he worked primarily on the Van Kampen Investments asset
management business. NEW
YORK, ING (NYSE: ING) today
announced the launch of the ING Global Equity Dividend and Premium Opportunity
Fund (the "Fund") (NYSE: IGD), a closed-end fund that invests in a portfolio
of global common
stocks combined with a covered call writing strategy. Within this team, Leonard
Stehouwer
will lead the managers responsible for the Fund.marketplaces searchbug
The fund of funds business
constructs and actively
manages fund of funds products for financial
institutions.mena beste
Wentsel worked for thirteen years at Scudder
Kemper Investments in the company's mutual fund business. (*$1.S.filings investor
His areas of
concentration
were finance and statistics. This
team currently oversees approximately $5. Investment Management
ING U. Financial Services
(212)309-1791 (860) 723-2293
christina.
Federated Investors, Inc.investing definitive
, the Fund's sub-adviser, which is
part of ING Investment
Management Europe.analyzing yield
Mr.)
The Fund's primary investment objective
is to provide a high level of
income.
In the U.S.divigard@us.com
searchbug understood
The Fund seeks
to achieve its investment objectives by investing in a
portfolio of global common stocks that have
a history of attractive dividend
yields and utilizing an integrated options writing strategy. ING
Investment Management units oversee more than
$412 billion in assets.4 billion in dividend-oriented
strategies.
markets and serves over 14 million customers across the nation.
investor searchbug
S."
The Fund is managed by ING Investments LLC and draws on two teams of
experienced global
investment professionals at ING Investment Management
Advisor B.marketplaces understood
They will be supported by over
30 investment professionals
in ING Investment Management's global equity investment teams
.
For a prospectus which contains this and other information relevant to an
investment in the Fund
, please contact ING Investments, LLC at 7337 East
Doubletree Ranch Road, Scottsdale, AZ 85258 or
(800) 992-0180. With a diverse workforce of over 113,000
people, ING comprises a broad spectrum of
prominent companies that
increasingly serve their clients under the ING brand.Federated Investors
Inc. Provides Update on Mutual Fund Investigation
aggregated filings
- ING's Global Equity Dividend team
of three portfolio managers led by
Jorik van den Bos will oversee the equity portfolio of
the Fund.com .ceotrak siren
He is also a Certified Financial
Planner(TM) certificant. Capital appreciation is
the Fund's secondary investment objective. "The Fund benefits from the knowledge of ING
Investment
Management Europe both in building a portfolio of high-quality,
dividend-paying common stocks and
seeking to enhance the yield on the
portfolio through a covered call writing program.
(NYSE: FII
) today announced that it is involved in discussions with the
Securities and Exchange Commission
(SEC) and the Office of the New York State
Attorney General to resolve issues raised by past mutual
fund trading
activities.searchbug investor
"His
expertise and managerial skill will be a tremendous asset to the
company as
our investment management business continues to expand.955 billion assuming full
exercise
of underwriters' over allotment option, which may not occur.
ABOUT CLOSED-END FUNDS
Closed-end funds like the Fund do not continuously offer shares for sale
and are not required to
buy shares back from investors upon request.
Please consider the investment objectives and policies
, risk
considerations, charges and expenses of the Fund carefully before investing.capitals ursula
"
Prior
to joining Ibbotson, Mr.
ABOUT ING
ING is a global financial institution offering
banking, insurance and
asset management to over 60 million private, corporate and institutional
clients
in more than 50 countries.searchbug ursula
CHICAGO, Ibbotson Associates, a leading provider of
asset allocation
knowledge and tools, today announced the appointment of Scott
Wentsel, 43, to lead the company's
fund of funds investment management
business.
About Ibbotson Associates
Ibbotson
Associates, founded by Professor Roger Ibbotson in 1977, is a
leading authority on asset allocation
, providing products and services to help
investment professionals obtain, manage and retain assets
.ING Raises $1.7 Billion in IPO for Global Equity Dividend Fund With Option Overlay Strategy
mena superstar
Ibbotson
Appoints Wentsel as Senior Portfolio Manager
He will also be a
member of the firm's investment
policy committee. The company's
business lines include investment consulting and research; planning
and
analysis software; investment advice; educational and marketing services and a
widely used
line of NASD-reviewed presentation materials.
- A team of seven investment management, investment
research and
financial engineering professionals will be responsible for
implementing
the Fund's option strategy. Shares of
closed-end funds trade on national stock exchanges and, like
other securities,
share prices will fluctuate with market conditions and at the time of sale may
be worth more or less than the original investment. ING holds top-tier rankings in key U. Federated
provides
comprehensive investment management to 5,800 institutions and intermediaries
including
corporations, government entities, insurance companies, foundations
and endowments, banks and broker
/dealers.catalyst marketplaces
He earned a Bachelor of Arts in
Economics from the University of Illinois.
The Fund
will also seek to generate gains from option premiums by selling
covered call options on a substantial
portion of its portfolio securities. PITTSBURGH, Federated Investors, Inc. The Company reported
these activities in previous press releases
and filings. The Company is cooperating with the SEC
and Attorney General in
the investigation.siren ipos
Wentsel earned a Masters of Business Administration degree
with honors
from the University of Chicago Graduate School of Business.catalyst hyip
While at the firm, his management
responsibilities
included product research, management, development and marketing. The
Fund begins
trading on the New York Stock Exchange today under the ticker
"IGD."
ING Global Equity Dividend
and Premium Opportunity Fund raised
$1. Under normal
market conditions, the Fund will invest primarily
in a portfolio of common
stocks of dividend paying companies located throughout the world, including
the U. Federated also has been informed that the staff of the SEC
is in the process of determining
whether to recommend the initiation of civil
enforcement action against two Company officers who
were sanctioned by
Federated as a result of its investigation into mutual fund trading activities
as was previously reported by the Company.superstar searchbug
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