Money Management Executive Latest News

The Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission and New York Attorney General Andrew Cuomo are looking into possible irregularities in auction rate securities (ARS).

A number of news events in the past week alone indicate without question the U.S. economy is at a dangerous inflection point, but so far, no one-no economist, analyst, fund manager, regulator, legislator, president or CEO-is willing to put together the pieces to talk about something other than snapshot first-quarter, year-over-year or historical trendline data that make a case for the return of the markets.

On the heels of its $328 million loss in the first quarter, down from a $81 million profit in the first quarter of 2008, American Airlines' parent company, AMR Corp., Fort Worth, Tex., announced on Wednesday it is unloading 90% of its American Beacon Advisors investment management unit for $480 million in cash.

NEW YORK - The financial sector took a beating in the first quarter, but financial "bottom feeders" will speed its recovery, possibly ahead of the rest of the market, experts said here at a gathering of researchers and data providers.

As the U.S. economy continues to sink, the general public, presidential candidates and the media have been quick to label corporate executives as Public Enemy No. 1.

Bank of America has named Claire Huang as head of marketing for its Global Wealth & Investment Management division.

AIG Investments is expanding its Global Business Development team in the U.S. and Europe with the addition of three executive positions.

Citigroup has hired Thomas Flexner as global head of real estate. Flexner comes to Citi from Bear Stearns, where he recently served as vice chairman overseeing commercial real estate and the financial buyers group.

Odyssey Investment Partners LLC has announced several promotions within its investment team.

John Paulson, founder of the hedge fund Paulson & Company, made an unprecedented $3.7 billion last year by betting against subprime mortgages and the financial products that held them.