Money Management Executive Latest News

New York City Mayor Mike Bloomberg recently asked the independent Conflict of Interest Board for permission to broaden his investments, particularly the hundreds of millions of dollars invested in his charitable foundation, according to the New York Daily News.

While many market analysts warn of an upcoming surge in U.S. businesses filing for bankruptcy, institutional investors can still find ways to make money off corporate crises, according to Dow Jones News Service.

Ownership of mutual funds in U.S. households made eye-popping gains every year between 1980, when it was a mere 6%, to 2001, when it reached 48%, but it has hovered around that range for the past six years.

Because of the stock market turmoil and a wave of tax-loss selling, closed-end funds are selling at highly attractive discounts of 15% or more, according to The Wall Street Journal.

Index fund investors tend to adhere to the adage of invest for the long term, and it pays off, The Wall Street Journal reports.

Mutual funds focused on information technology have seen a drop in popularity in India recently, while funds focused on infrastructure have been among the best performers, according to Daily News & Analysis.

Most Baby Boomers turning 62 next year have established very traditional lifestyle characteristics, but don't consider retirement planning to be a pressing issue, according to a survey from MetLife.

Many market-neutral mutual funds designed to provide steady returns during down markets have failed to live up to expectations, even performing worse than market indexes, according to the Wall Street Journal.

The Evergreen Ultra Short Opportunities Fund has outperformed many other ultra-short bond funds—and weathered the subprime crisis quite well—by shifting assets toward higher-rated mortgage bonds and pass-through securities, according to The Wall Street Journal.

The Department of Labor’s proposed rules on 401(k) disclosure are inadequate, claim critics who say the disclosure isn’t to the right people, the Los Angeles Times reports.