Money Management Executive Latest News

Chief compliance officers should make the valuation of distressed securities their No. 1 priority, Andrew J. Donohue, director of the division of investment management at the Securities and Exchange Commission advised at last week's national CCOutreach meeting, the agency's educational program for CCOs.

Despite signs that mutual funds and hedge funds are converging, long-only mutual funds are slackers compared to hedge funds when it comes to using external research.

The Securities and Exchange Commission continues to recognize the growing influence of the Internet on the mutual fund industry by giving investors greater access to financial information online.

Let's hope Social Security remains a fixture on the American scene. There are too many senior citizens dependent on it, and with $1 million seeming to be the magic retirement savings goal, a vast majority are going to fall far short of that. In fact, some experts have said that even wealthy investors will be at least partially dependent on Social Security.

Legg Expects to Announce New Chief Executive Soon; Says Search is Progressing

After Two Month Suspension, China Again Approving Mutual Funds

DTCC's Managed Account Service Ready to Roll

NEW YORK-While the subprime crisis battered the stock market in the third quarter and the fourth quarter isn't expected to be any better, mutual fund portfolio managers and analysts believe the credit market turmoil will blow over. They spoke earlier this month at a media conference co-sponsored by Lipper and SunStar.

Ron Baron, manager of the Baron Partners Fund, believes the government will invest a considerable amount of money in improving and updating infrastructure throughout the United States, and is moving his money into construction stocks ahead of this development, The Seattle Times reports.

Bruce Bent, who came out with the first money market fund in 1970, thinks money market funds that invested in subprime-linked collateralized debt obligations and other risky instruments have been negligent in their duties to investors, Reuters reports.