Money Management Executive Latest News

Adam Bold, founder of The Mutual Fund Store, will be hosting his own public television show, “Your Investments With Adam Bold,” which will air from 8:30 p.m. until 9 p.m. on Fridays, The Kansas City Star reports.

Missouri State Treasurer Sarah Steelman announced Wednesday that the state will offer a “terror-free” fund in its 529 plan from UMB Asset Management.

The big debate on Wall Street these days is whether the subprime credit crisis is a short-term financial problem or an indication of a protracted economic downturn, The Wall Street Journal reports. Market historians fear it’s actually the signal of the latter.

ING Investments will launch a bond feeder fund, the ING American Funds Bond Portfolio, organized in a master/feeder structure, Dow Jones reports.

The Securities and Exchange Commission has promoted Mark Lineberry from branch chief to head of the office of market surveillance within the enforcement division. He succeeds Joe Cella, who resigned from the position earlier this year.

Although the dollar hit historic lows against other major currencies in July, many investors moved into the greenback to weather the credit crunch—thus boosting the dollar’s value, the Chicago Tribune reports.

The Investment Company Institute spent $2.3 million lobbying the Congress, the Treasury, the Labor Department and the Securities and Exchange Commission in the first half of the year, the Associated Press reports, citing a disclosure form with the Senate.

Back during the Asian credit crisis in the 1990s, MIT-trained economist and hedge fund manager Nandu Narayanan took a close look at the ratio of a country’s credit to its gross domestic product, BusinessWeek Online reports. In Malaysia, for instance, it was 220%, meaning $2.20 worth of debt for every dollar of economic output.

With more investment houses rolling out 130/30 funds, a small percentage of which are retail funds, financial advisers are trying to better educate investors about the funds, Investor’s Business Daily reports.

Taking competitors head-on and hoping to attract new customers, Fidelity Investments has upgraded its checking program, mySmart Cash, to pay a 3.5% interest rate and waive fees on a myriad of services, including the checks themselves, annual fees, bounced checks and online bill-paying, the Boston Globe reports. By comparison, the average checking account is currently paying 2.13%, although many banks are paying as little as five to 10 basis points.