Money Management Executive Latest News

Hedge-fund advisors are withdrawing from registration with the Securities and Exchange Commission in droves, adding to the effect of a June court decision that tossed out an SEC rule requiring registration, according to The Wall Street Journal.Around 275 hedge-fund advisors have withdrawn from registration with the SEC since than appeals court said the rule was arbitrary and couldn’t stand, according to the SEC statistics gathered as of Dec. 7. The number is up sharply from 106 that had withdrawn as of Sept. 14.

Claymore Securities launched four exchange-traded-funds with unique approaches to investing last week.

Donor-advised funds, which allow investors to deposit assets for an upfront tax deduction and then make donations to charities of their choice, are becoming a popular option for investors, according to Fortune.The funds start out like a typical investment account. An investor deposits cash, securities, or in some cases, real estate in a fund that invests in stocks and bonds. The minimum is usually $10,000.

Assets in separately managed accounts have grown 4.1% over the past three months, from $32 billion to reach over $805.8 billion in the third quarter, according to the Money Management Institute. Industry assets grew 24.8% over the last year.

A slowdown in the U.S. economy may drag on global growth next year, but Asia and Europe will remain fairly resilient due to healthy consumer demand, according to the Associated Press.“While the world’s other major economies will be affected by slower U.S. growth, their own domestic demand should continue to drive global growth,” UBS investment bank said in its year-end outlook for the global economy.

Monetta Mutual Funds has launched a new fund targeted at children and teens.

At first glance, it might seem that the Investment Company Institute’s selection of a 30-year Democratic veteran of the Hill was in response to the mid-term elections. But, in fact, the ICI says the members of its government affairs office are bi-partisan: three Democrats and three Republicans, the Washington Post reports.

Four workers at Deere & Co. have sued Fidelity Investments for what they say are “unreasonable” 401(k) fees, Reuters reports.

At its Wednesday meeting, the Securities and Exchange Commission voted to allow companies to deliver mutual fund materials, corporate annual reports and proxy materials to investors or their brokers over the Internet, Dow Jones reports.

At its end-of-the-year meeting Wednesday, the Securities and Exchange Commission decided to reopen the controversial independent governance rule. Once the SEC issues an economics analysis paper of its own as well as a second that summarizes others opinions, the Commission will seek public comment on the rule for 60 days.