Money Management Executive Latest News

Despite last summer’s credit crisis, alternative-asset managers – such as private equity shops and hedge funds – are valued at more than 20% assets under management, compared to 5% for traditional managers, the Wall Street Journal Europe reports.

Hedge fund managers may turn out to have raked in more dough last year than they did in 2006, according to Bloomberg Markets.

Asset-management mergers and acquisitions increased by 22% worldwide last year, despite the credit crisis in the U.S., according to Freeman & Co., a New York advisory boutique.

In a research study titled, “Va Va Voom,” the global consulting firm Oliver Wyman predicts that U.S.-style variable annuities could be as successful among European Baby Boomers as they have been in the U.S. and Japan .According to an article in Financial Advisers, a U.K. weekly publication, the Wyman study said that demographic changes in Europe—population aging and Baby Boomer wealth—would drive the appeal of VAs in Europe.

Despite subprime woes and credit crunch complications, money-market mutual-fund assets increased by $2.48 billion to $3.113 trillion in the week ended Wednesday, up from an adjusted $3.111 trillion, according to the Investment Company Institute.

Despite being the world’s largest consumer of gold, most Indians haven’t shown much enthusiasm toward gold exchange-traded funds, writes Dow Jones Newswires.

Mutual fund managers in China need to improve the way they manage funds and do more to educate investors on their products, according to Shanghai Daily.

A former associate with Goldman Sachs was sentenced last week to four years and nine months after being accused of masterminding a broad insider-trading conspiracy, according to the New York Times.

The State Street Corporation set aside $618 million to cover legal claims related to losses from mortgage security investments after five clients sued it, the New York Times writes.

Japan Looks to Overhaul Financial Regulations