Money Management Executive Latest News

A Georgia man was sentenced to 20 years in prison this week and ordered to pay back nearly $22 million for a Ponzi scheme that defrauded investors, including many of his friends, according to The Atlanta Journal - Constitution.

Few American investors know about the benefits of donating appreciated securities to charity, according to a study by Fidelity Investments.

The U.S. defense and homeland security sectors continue to see strong gains despite the slowing economy, according to a release.

Moody's Investors Service predicts that the number of U.S. corporate defaults will more than quadruple next year from 1% to 4.7%, due to the slowing economy, according to Bloomberg News.

Asset managers and investment banks will significantly reduce their exposure to structured investment vehicles in money-market funds by year's end, according to a report from Banc of America Securities.

More than one-third of asset managers, undeterred by the credit crisis, believe that U.S. stocks are undervalued and, therefore, present a buying opportunity, according to a survey of 291 managers conducted by Russell Investments, The Wall Street Journal reports. That’s up slightly from 28% who thought so in the third-quarter “Investment Management Outlook Survey.”

Investors are more focused on immediate financial needs than they are on preparing for retirement, according to the fifth annual Mercer Workplace Survey, this year conducted among 2,000 participants in 401(k) and health savings accounts.

The job market at large financial advisory firms is expected to remain strong in 2008, despite worries about the recent credit crisis, according to a recent survey by Claymore Partners LLC.

Legg Mason’s famous manager Bill Miller beat the Standard & Poor’s 500 index for 15 consecutive years until the past two years, when he hit a rough patch, but an editorial in Kiplinger’s predicts a rebound in fortune.

Morgan Stanley will pay $17 million to settle charges by the Securities and Exchange Commission that it failed to supervise four former financial advisers accused of market timing and other deceptive trading practices.