Money Management Executive Latest News

LAS VEGAS-Wireless, handheld devices are becoming so advanced, consumers are increasingly relying on and expecting their BlackBerries, Sidekicks and iPhones to replace laptops for all their business and personal needs.

LAS VEGAS-As trading technology continues to improve in terms of speed, efficiency and control, asset managers are constantly clamoring for the newest software applications that can provide real-time market data and provide best execution as quickly as possible.

Federated's Quant Division Promotes Foss, Heaton

A new marketing idea we've been hearing at recent conferences for the mutual fund industry is the notion of embracing new technologies, including blogging, instant messaging, chat rooms, webcasts, podcasts, websites tailored for each individual investor and even creating communities along the lines of facebook.com and YouTube.com.

ICI Warns Against 401(k) Fee Disclosure Overload

Fund executives shopping for post-trade compliance systems have a new vendor to consider.

As international markets continue to dramatically outperform those in the United States, money is moving to more exotic regions.

Investors contributed $13.6 billion to money market funds last week, bringing total net assets to $2.93 trillion, according to Money Fund Report data, Dow Jones reports.

Thomas E. Faust, Jr. has succeeded James B. Hawkes as board chairman and chief executive officer of Eaton Vance.

Morningstar reported third quarter results on Thursday, indicating that net income rose 47% to $19.9 million, or 41 cents per diluted share, up from $13.5 million, or 29 cents per diluted share, in the third quarter of 2006.