Money Management Executive Latest News

Nomura Holdings will pay $88 million for a 15% stake in eight-year-old Fortress Investment Group, according to the Dow Jones. The Japanese brokerage is looking to strengthen its position in alternative investment products and wants to diversify its portfolio of businesses.

U.S. firms Merrill Lynch and Claymore Investments are dominating non-principal-protected securities in the Canadian market, according to the National Post. The products offer retail investors an enhanced return from an investment in a basket of stocks and it are expected to become even more popular next year.The two firms are set to wrap up their latest offering in two days. Tomorrow, the Merrill Lynch Claymore Global Fundamental Index Accelerator will close, about six weeks after the first version of the product wrapped up a similar offering.

Competition is going to heat up next year in the hedge fund world and subsequently portfolio managers will see larger payouts, according to HedgeWorld.com.Profit-and-loss payouts to portfolio managers, based on a fund’s profits minus expenses, will increase to a range of about 8% to 20% due to heavy competition, according to a survey by executive recruiting firm Long Ridge Partners of New York. Additionally, Long Ridge predicted average payouts would grow by around 15%, a three percentage-point increase from this year.

Seven mutual funds that have a common approach of cautious yet successful strategies are good picks for investors to count on for the long term, according to Fortune.Fortune analyzed Morningstar data to screen for funds with both total returns and investor returns in the top 20% of their categories over 10 years.

Goldman Sachs has named veteran risk manager Marc Spilker as new chief of its alternative management business, which includes hedge funds, according to Reuters.

The U.K. REIT market may be become more popular next year as a result of new regulations. The area may be popular with investors looking for a direct investment in property with the ability to generate income, according to Citywire.Under new regulations, new property companies will no longer need to be listed when they apply for REIT status and will have one-year grace periods during which they do not have to satisfy stringent income and asset tests.

Exchange-traded funds (ETFs) should stick to the tactics that made them so successful in the first place, according to MotleyFool columnist and Certified Financial Planner Buz Livingston.

Dow Jones Columnist Chuck Jaffe added Jack Bogle, BYSIS clients, ProFunds, the SEC and even investors in his 11th annual “Lump of Coal” list.

Dow Jones Columnist Chuck Jaffe added Jack Bogle, BYSIS clients, ProFunds, the SEC and even investors in his 11th annual “Lump of Coal” list.

Morningstar Director of Mutual Fund Research Russ Kinnel wants investors to get smarter, but it’s going to take a little more faith—and more stringent disclosure requirements—from the Securities and Exchange Commission, according to his most recent column.