Money Management Executive Latest News

Fidelity reported Tuesday that assets under management fell 22% in 2008 to $1.25 trillion.

Morningstar is changing the way it looks at mutual funds by using new tools that consider the underlying stocks and asset allocations in a fund's portfolio.

Since the onset of the credit crisis in August 2007, the financial services industry has lost 325,000 jobs around the world, according to the International Labor Organization.

Mutual funds' 2009 sales outlook is modest, according to Keefe, Bruyette & Woods.

Bank of New York Mellon is expecting the China Securities Regulatory Commission to approve a mutual fund joint venture it wants to launch in the third quarter in partnership with Western Securities.

Investment Company Institute President Paul Schott Stevens testified before the U.S. House of Representatives Education and Labor Committee on Tuesday to avow that the 401(k) model is working, in spite of the market’s downturn.

With the stock market so beaten down, investors are likely to continue to gravitate to bond funds, including those that invest in corporate bonds, The Wall Street Journal reports.

The Alternative Investment Management Association, a hedge fund group headquartered in the U.K., is pushing for more transparency, in an effort to stave off regulation.

With vastly lowered expectations for retirement, investors appear more amenable to annuities and other income-generating investments whose scaled-down returns they might not have considered before, NAVA found in a survey of 1,500 financial advisers.

Morningstar has replaced its Individual, Advisor and Institutional structure with Investment Information and Investment Management. Rather than focus on audience segments, the thrust is now product lines and growth strategies.