Money Management Executive Latest News

Advocating a sort of clean slate for all investors in 401(k) plans, Vanguard issued a report Thursday suggesting that all plan sponsors reenroll participants into qualified default investment alternatives (QDIAs).

There has been a dramatic shift in loyalty among affluent investors toward investment firms, according to a survey of 4,000 people by Cogent Research.

In a widely anticipated move Wednesday, the Securities and Exchange Commission unanimously approved a requirement for mutual funds to send investors a short-form, summary prospectus.

Reserve Funds has hired Joseph T. Monagle, Jr. to help the firm sell positions in a difficult debt and credit market.

Because it takes about six months to a year for executive search firms to catch up with the general labor market, a number of recruiters that specialize in financial services are likely to cut their staffs early next year, Dow Jones reports.

While it’s true that many hedge fund investors are planning to redeem billions of dollars, the danger of those redemptions further roiling the markets is low, HedgeWorld News reports.

Hoping to capitalize on the continued popularity of exchange-traded funds even as the markets continue to tank, Barclays Global Investors has introduced a suite of target-date ETFs for 401(k)s.

BlackRock will be eliminating a number of positions among its 5,500 ranks, Bloomberg reports, quoting an internal memo it obtained. It will be the first time in its 20 years of existence that it has eliminated jobs.

The European Union, which has been in favor of new rules and capital requirements for hedge funds and private equity, will propose such regulations next month to the European Commission, Reuters reports.

SalesPage Technologies and Coates Analytics have joined forces to offer mutual fund companies a customer relationship management tool with detailed information on distributors. The offering imports Coates data into a SalesPage portal.