Money Management Executive Latest News

How do you boost your endurance for the grand IRA rollover marathon anticipated in the years ahead?

Putnam Investments is consolidating five closed-end funds this year, which will likely reduce fund expenses.

Americans are mostly investing their 401 (k) plans in equities, either through mutual funds or company stock, according to data from the Employee Benefit Research Institute. Sixty-eight percent of 401(k) participants placed their plans in equity securities in 2005, which has changed little in recent years, the report states.

More registered investment advisers are starting to place client assets in alternative investments, according to Rydex AdvisorBenchmarking.

Employers and employees are out of synch when it comes to that’s most important in the workplace, according to the 13th annual Top Five Total Rewards Priorities Survey published by Deloitte Consulting.

John Gaine, president of the Managed Funds Association, said the current regulatory environment concerning hedge funds is “calm,” Dow Jones reports. But he warned attendees at the MFA Network 2007 Conference in Key Biscayne, Fla., recently that one misstep, and the industry could face a rash of new rules.

One of the little-publicized proposals of President Bush’s 2008 Budget Proposal could give a boost to companies marketing 529 college savings plans, according to the San Francisco Chronicle.

Pioneer Investments announced Wednesday that it has named Daniel Keith Kingsbury president and CEO of Pioneer Investment Management USA. Kingsbury had been chief executive officer of the new markets division of Pioneer, where he oversaw business in Central Europe and Asian. During his tenure, the division was the company’s fastest-growing division, with assets multiplying 23-fold from $470 million in 2000 to $10.9 billion today and the countries where it does business expanding from two—Poland and the Szech Republic—to more than 10.

Charles Schwab has unveiled a new online application process for opening and funding an individual retirement account designed to take no more than 15 minutes, the company announced.

Fidelity Investments has filed with the Securities and Exchange Commission to offer the Fidelity Small Cap Opportunities Fund, an investment vehicle that will use both growth and value strategies in both the U.S. and abroad.