Money Management Executive Latest News

Regulators and fund watchdogs are keeping their eye on mutual funds that are increasingly using complex products such as derivatives to boost returns, according to the Chicago Tribune.

Closed-end mutual funds are enjoying a peak in interest, according to The Wall Street Journal.

Although there has been much talk of late of the growing popularity of plan sponsors offering Roth 401(k)s, not everyone is a fan of them, MarketWatch reports, citing arguments by Lawrence Starr, president of Qualified Plan Consultants.

Francis William Reimers pled guilty to charges by the Federal Bureau of Investigation and the Internal Revenue Service that he defrauded hundreds of mutual fund investors, accepting six counts of mail fraud and one count of money laundering, U.S. Fed News reports.

Bill Nygren, manager of the Oakmark Fund, isn’t spooked by the subprime loan crisis, Bloomberg reports. In fact, he believes investors who are bailing out of bank shares are making a mistake.

Although the Securities and Exchange Commission revealed the findings of two cost/benefit studies it commissioned on the proposed independent directors rule late last year, the U.S. Chamber of Commerce sought access to the complete report, including any records supporting the decision to undertake the studies. The SEC decided not to share the information with the U.S. Chamber, a decision it is now appealing.

PALM DESERT, Calif.-Fund boards have a duty to shareholders to act as fiduciaries, but how much responsibility should fund directors have, and are they overloaded?

Forget spending retirement in a rocking chair on the front porch.

PALM DESERT, Calif.-Technology can be used as a leverage to help mutual fund firms better understand and reach their clients, agreed panelists at the Investment Company Institute's, "Mutual Funds and Investment Management Conference" here last month.

It's been three years since the Securities and Exchange Commission began requiring funds to annually disclose their proxy voting records. When the measure was passed, many dismissed it as a mere administrative nuisance, reasoning that even if investors eventually began to pour through funds' voting records, the day when they would be able to systematically make sense of the information, let alone actually be interested in it, was a long way off.