Money Management Executive Latest News

Fidelity Investments has selected James Catudal to run the $6.24 billion Fidelity Growth and Income Portfolio Fund, succeeding Timothy M. Cohen.

Putnam Investments has unveiled a suite of funds that seek to deliver returns of 1% to 7% above Treasury bills.

Reflecting the turmoil in the financial services industry, most investors are more attuned to whether a company is viable than whether its offerings have strong performance, according to the 2009 Investor Brandscape report from Cogent Research.

Baron Funds has launched the Baron International Growth Fund, which will invest in small- and mid-cap companies for the long term, primarily in developed nations, but it will hold some stock in emerging countries, as well.

The tools that have worked so well for hedge funds in recent years—shorting and sophisticated trading models—worked beautifully up until last year, when hedge funds had their worst year on record.

Financial advisers are telling investors that it is high time they shop around for low-cost funds, particularly given the dismal state of the markets in 2008.

Deciding where wealth management clients should put their money this year is a daunting business, but investment executives at some banking companies seem to wholeheartedly agree on where it should not go: into Treasury bills.

President-elect Barack Obama's transition team is working closely with House Financial Services Chairman Barney Frank and other lawmakers to make sure that municipal debt is included in the federal government's economic recovery programs.

A number of large fund companies slashed their advertising budgets by as much as 50% in the third quarter, according to data from Nielsen Monitor-Plus and FRC.

Massachusetts Secretary of the Commonwealth William Francis Galvin filed an administrative proceeding Tuesday against Reserve Funds and its founder Bruce Bent, accusing them of lying to investors about the dire straights of their investments in Lehman Brothers.