Money Management Executive Latest News

The passage of the Sarbanes-Oxley Act dramatically increased the volume of materials corporate executives and boards have to review, and staying on top of this mountain of paperwork can be overwhelming.

Ralph Cioffi and Matthew Tannin are close to becoming the first two criminal indictment casualties of the subprime crisis, The Wall Street Journal reports this morning.

Japan’s domestic asset management reports are not disclosing the way they vote on various resolutions brought up at annual shareholders meetings, according to the Nikkei Report. That disclosure could significantly improve corporate governance.

Charles Schwab has announced that the Charles Schwab Trust Company (CSTC) will offer target-date collective trust funds for retirement plans.

Below-average results are really starting to hurt investors, but new research by Rik Frehen, a Dutch finance scholar, suggests that mutual funds are not bound to under perform or be overshadowed by pension funds. The trick is to not follow the trends of buying and selling based on short-term emotions, but instead to be patient and think more about the long term.

Fidelity Investments has hired Michael Wilens, a senior executive at Thomson Reuters, to head the mutual fund company’s $1.5 trillion asset management division.

Total assets of money market mutual funds fell by $5.51 billion to $3.515 trillion for the week ending June 11, according to the Investment Company Institute.

TIAA-CREF has launched a new service to help sponsors of 403(b) retirement plans meet new Internal Revenue Service requirements by Jan. 1, 2009.

In a conference call Thursday morning, Boston-based Putnam Investments announced that Robert L. "Bob" Reynolds will succeed Charles E. "Ed" Haldeman to become the firm's president and chief executive officer. Haldeman plans to stay on board and will take on a new role as the chairman of Putnam Investment Management, LLC.

The Securities and Exchange Commission just released its full summer agenda and according to SEC Chairman Christopher Cox, the commission’s only firm plans are that it will be extremely busy in the coming months.