Money Management Executive Latest News

Three former top executives at mutual fund advisory and broker/dealer firm Mutuals.com of Dallas, are reportedly in settlement negotiations with the United States Attorney for the Southern District of New York over criminal securities and wire fraud charges dating back three years.

Fidelity Investments has a bold, five-year plan to expand its scant 8.5% share of the 403(b) market and catch up to giant TIAA-CREF, which commands a monumental 67% share of 403(b) assets.

Investment firms are increasingly turning to multi-asset portfolio systems, as they provide an integrated solution to handle unique investment vehicles, risk management and collateral management, according to a report from Aite Group of Boston, "Multi-Asset Portfolio Systems: The Buy-Side's New Pied Piper."

When Peter Scannell appeared before Congress to testify about market timing at Putnam Investments, he hardly appeared the picture of a valiant hero. Scannell was somewhat incoherent, his written testimony riddled with misspellings, according to one of our reporters who was there.

Aberdeen Names Esposito Head of U.S. Mutual Funds

District Court Orders Market Timer to Pay $500k

Americans are starting to live a lot longer than they ever thought they would, throwing a wrench in retirement fund plans that they thought would last them the rest of their life.

The "Show Me" State of Missouri is about to show the 529 college savings plan marketplace just how innovative it can be.

The Securities and Exchange Commission settled its civil lawsuit against hedge fund Durus Capital Management and its principal, Scott R. Sacane, on fraud charges. The judgment includes injunctions against future violations of the federal securities laws.

Rep. George Miller (D-CA), is being stubborn on pushing his bill regarding 401(K) fee disclosures to fruition. The bill, if passed, would require that 401(K) plans offer a passive index fund as an investment option, as well clearly explain to participants of 401(K) plans the fees that they are paying for their plans, according to Fund Action.