Money Management Executive Latest News

Ever since those first gatherings under a buttonwood tree, the business of Wall Street has been highly social, with personal contacts, access to information and networking abilities playing a crucial role.

Sharp money managers love market volatility.

As more investors begin to believe that the global economy is in a recession, fears of inflation are dropping, and money managers are turning their concerns from credit risk to leverage.

The Security and Exchange Commission’s 30-day rule temporarily banning short selling of Freddie Mac and Fannie Mae stock is set to expire Tuesday night.

It took more than a decade of negotiating to get approval from the Securities and Exchange Commission, but actively managed exchange-traded funds finally came to market this year.

Money market mutual fund assets rose by $14.14 billion to $3.575 trillion for the week ending Aug. 13, according to the Investment Company Institute.

Despite the credit crisis — or perhaps because of it — there has never been a better time to invest in fixed-income products, particularly triple-A commercial mortgage-backed securities, according to portfolio managers at Putnam Investments.

A survey of people who are in charge of the finances in their household, “Household CFOs” by the Consumer Credit Counseling Service has found that 68%, or two out of three, are ill prepared to a sudden financial crisis because they don’t have emergency savings accounts.

Expanding beyond its customer base of small and micro defined benefit and defined contribution retirement plans that invest in separately managed accounts, Zacks Investment Management is now offering the same service to mid-size plans, also using the FOLIOfn platform.

Analyzing the savings patterns of 11.5 million participants in the 16,723 defined contribution plans it serves, Fidelity found that Americans are holding steady when it comes to balancing their concerns over the economy and the declining market, and saving for their retirement.