Money Management Executive Latest News

Hedge fund managers had a tough month in March, lagging behind equity and bond benchmarks but outperforming equity markets, according to firms who monitor their performance.

The global credit crisis remains a significant threat to economic growth, despite recent improvement, according to the International Monetary Fund.

While those at Bear Stearns who've lost their positions are flooding Wall Street with resumes daily, federal data for the finance jobs in NYC for the 12 months through February paint a picture of an industry faring not too badly.

Fidelity Investments announced the launch of the “130/30 Large Cap Fund” to help quell the hunger of retail investors and advisors and to keep up with competitors.

John Hancock Financial Services has launched its new “Cursor” advertising campaign, featuring three ads that show how people talk about financial topics like saving money for retirement and protecting their family legacy.

RiverSource Investments of Minneapolis, a wholly-owned subsidiary of Ameriprise Financial, is shining a brighter light on its international subadvisory affiliate, Threadneedle International Limited, headquartered in London.

WASHINGTON - Federal Reserve Board Chairman Ben Bernanke strongly defended the central bank's rescue of Bear Stearns Cos. to skeptical lawmakers Wednesday and refused to rule out similar actions in the future.

As we look forward to next month's historic meeting of industry executives at the Investment Company Institute's "Our Foundation-Our Future" 50th Annual General Membership Meeting in Washington, D.C., we have some news of our own.

Wynne Takes Helm of PFPC Investment Services

While the Dow Jones Industrial Average soared 391.47 points last Tuesday and many investment banking stocks rocketed in the mid-double digits on the good news of infusion of billions of capital from the faithful shareholders of UBS and other banks, the 407,000 applications for unemployment benefits in the final week of March (anything above 400,000 is official recession territory and the consensus figure had been 365,000), sent the market erractically gyrating at deadline.