Money Management Executive Latest News

Evergreen Investments of Boston, Wachovia Corp.'s asset management arm, announced Sept. 4 that it has closed its family of fund of funds.

By increasing the number of alternative products and strategies it offers, Mellon Capital Management Corp. has generated inflows in the past three years, despite difficult market conditions.

PIMCO has named Mohamed El-Erian chief executive officer, a position he currently shares as co-CEO with Bill Thompson, who will be retiring at the end of the year.

Pioneer Investments has selected Brian E. Stack as manager of the Pioneer Growth Opportunities Fund. A 21-year veteran of the mutual fund industry, Stack has specialized in small- and mid-cap growth.

The number of affluent households in the United States has decreased, according to initial research from the annual Affluent Market Research Program by TNS, a marketing company based in New York.

Currency hedge funds reported an 0.11% loss in July, according to the Parker FX Index.

Fees have become the top reason that retirement plan sponsors switch providers, according to Spectrem Group.

Pacific Investment Management Co. will add an actively managed bond exchange-traded fund to its current ETF lineup, and perhaps other types of active ETFs, The Wall Street Journal reports.

The SPARK Institute has created a document for 403(b) vendors and plans sponsors that outlines technological best practices related to information sharing.

Generation X millionaires give nearly twice as much to charity on average compared to older generations, according to a new survey.