Money Management Executive Latest News

Thomas Marsico, who rose to fame as a standout portfolio manager at Janus before founding Marciso Capital Management in 1997, has bought back his namesake firm from the Bank of America. Terms of the deal were not disclosed. The company, which specializes in growth-oriented equity, has $94 billion of assets under management and employs 71 people.

Many renewable energy funds are outpacing the S&P 500 Index’s 21% rise over the past 12 months and 5% climb year to date, CNNMoney reports.

At the beginning of this year, Barclays Global Advisors was the only investment management company with a bond exchange-traded fund. Today, however, there are nearly two dozen fixed-income ETFs from the likes of State Street Global Advisors and Vanguard, with more on the way from Bear Stearns and Ameristock.

The markets have gone global, and U.S. regulators ought to catch up if they want keep American exchanges competitive, allowing investors, particularly institutional, greater access, said participants during a roundtable discussion hosted by the Securities and Exchange Commission in Washington last week.

Even if the Securities and Exchange Commission were to eliminate all restrictions on cross-border trading, retail investors' best bet for access to foreign markets might still be the good-old mutual fund, said panelists during a roundtable discussion in Washington last week hosted by the Securities and Exchange Commission.

NEW YORK-Global warming will have major economic, environmental and societal impacts if steps are not taken to help reduce the problem, and increasingly investors and the public are aware of this sobering fact.

A small news item last week on the launch of a financial literacy course in the Shelby County school district in Tennessee this fall got me thinking about a golden opportunity for individual mutual fund companies or, perhaps, the industry as a whole.

Fidelity Reduces Profit Goals for Adviser Services

Zader Becomes Chief Exec Of UMB Fund Services

As the U.S. market continues to lose some of its luster, more investors are looking to Europe for opportunities. This is occurring as the European market is going through economic unification, technology upgrades and better transparency.