Money Management Executive Latest News

Consultants to 401(k)s and other defined contribution plans are carefully analyzing, and in some cases replacing, the plans’ money market, stable value, inflation protection and target-date offerings, PIMCO found in a survey.

Fund managers in emerging markets are increasingly paying attention to environmental, social and corporate governance factors, according to research by Mercer.

The Managed Funds Association has drafted the fifth edition of its best practices for hedge funds, this year with special emphasis on restoring confidence, along with a due diligence questionnaire for investors.

WASHINGTON — The Treasury Department extended its $3 trillion temporary guarantee program for money market mutual funds through Sept. 19 to provide continued reassurance for investors.

Guaranteed living benefits are driving sales of variable annuities, Milliman found, with 96% of those sold in 2008 including GLBs, up from 87% that had GLBs in 2004.

AllianceBernstein announced Tuesday that it eliminated 237 positions in the first quarter, ending with a staff of 4,760, down from 4,997 at the beginning of the year. Thirty-one of the positions eliminated were held by investment professionals, including analysts, portfolio manager, chief investment officers, research directors and traders.

Exchange-traded funds continued to grow in popularity, despite last year's poor market performance, as investors continue to look for ways to cut management fees.

CVC Capital Partners of Britain is in exclusive talks with Barclays to purchase its iShares exchange-traded fund unit for more than $4 billion.

Young adults between the ages of 23 and 28 are more worried about being “financially fit” than “physically fit,” Charles Schwab found in a survey of 1,252 people conducted in January.

More than 100 funds that had closed to new investors have reopened since the beginning of 2007, but advisers warn that investors shouldn’t be so quick to jump in, The Wall Street Journal reports.