Money Management Executive Latest News

The European Commission’s legal certainty group (LGC) has issued a set of recommendations designed to help improve and harmonize post-trade securities processing across the European Union.

Baby Boomers and their financial advisers are going to increasingly look for one-stop-shop solutions that combine mutual funds, annuities and systematic or laddered drawn-down schedules, Investment News reports.

The unbridled growth of exchange-traded fund assets and products appears to have hit a speed bump, at least for now, The Wall Street Journal reports.

CLSA Capital Partners has created a new fund that invests in Asian water and waste management opportunities, Reuters reports.

Hedge funds may do a good job of shorting stocks and investing in futures, but when it comes to their own legacies, few have management succession plans or future growth strategies. This is according to a report from accounting and consulting firm Rothstein Kass, Reuters reports. In fact, 70% are ill prepared for the times ahead.

Investors increased their allocation to global emerging markets hedge funds by more than 60% from the first to the second quarter, according to new data. Hedge Fund Research Inc. said that investors allocated approximately $995 million to such alternative investment funds.

Symetra Financial has launched a new awareness campaign titled “Don’t Fear 65,” laying out a path for retirees to live a worry-free retirement.

The Securities and Exchange Commission suffered a setback last week in its efforts to prosecute individuals for insider trading after a judge dismissed the charges on a case from 2001.

Citigroup plans to revamp its capital markets business under its investment-banking arm.

A ruling last month by the Internal Revenue Service, limiting the ability of investors in funds of hedge funds to deduct management fees from their federal income taxes, could prompt some managers and their investors to either redo their tax forms or challenge the decision.