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Columbia Funds, T. Rowe Price and The Depository Trust & Clearing Corp. take top honors in SourceMedia's 2007 Fund Operations Awards. Now in its fifth year, the awards program is sponsored by Money Management Executive and judged by a panel of leading industry consultants. The awards honor industry leaders in three categories: Leadership, Innovation and Efficiencies/Streamlining.

It is an honor for Money Management Executive to sponsor SourceMedia's 2007 Fund Operations Awards, our fifth annual, and we would like to thank all those who entered their thoughtful submissions, as well as this year's panel of judges, who gave so generously of their time to assess the impressive entries: T. Neil Bathon, managing director, PMR Associates, Peter Delano, senior analyst, investment management, TowerGroup, Bob Goldberg, president emeritus, The National Investment Company Service Association, Burton J. Greenwald, president, B.J. Greenwald Associates, Vincent Walsh, managing director, advisory services practice, KPMG and Kathleen Whalen, managing director, Dalbar.

Two Former Putnam Execs Avoid Draconian' Charges

Smith Becomes Senior Advisor to Donohue at SEC

Scamming U.S. Military: Garbage In, Garbage Out

Retirement confidence remains high among minorities, despite the fact that they are saving less than they were three years ago.

Relying on the brand recognition of the Lipper name, the cache of exchange-traded funds, and the buzz around target-risk investing, Parsippany, N.J.-based Hennion & Walsh Asset Management is hoping to attract attention, flows and perhaps some space on 401(k) platforms.

With Chinese continuing to open brokerage accounts at the rate of 300,000 a day and some believing that it’s easier make a living in the stock market than working, the market is inevitably heading for a crash, Forbes.com reports.

Barry Fink, a managing director at Morgan Stanley, will be joining American Century Investments on July 2 as executive vice president and chief operating officer, as well as a trust on the funds’ board.

Franklin Templeton Thursday rolled out an All Cap Value Fund, adding the fifth and final member of the San Mateo, Calif.-based company’s cap-specific value lineup.