Money Management Executive Latest News

Many expect the Securities and Exchange Commission will strengthen hedge fund rules today, Dow Jones reports.

Vanguard has contracted with Verid to verify customers’ identities when they open an account over the telephone or online.

Mellon Financial’s Dreyfus subsidiary has promoted Thomas F. Eggers from chief operating officer and president to chief executive officer and Jon Little from CEO of Mellon Global Investments to Dreyfus chairman.

Bill Miller, manager of the Legg Mason Value Trust Fund, has probably reached the end of a 15-year streak of beating the S&P 500 every year, CNNMoney.com reports.

William Galvin, Massachusetts secretary of the commonwealth, takes issue with a recent Wall Street Journal editorial praising the proposed merger of the regulatory units of the NASD and the New York Stock Exchange.

Responding to an influx of applications for new exchange-traded funds, the Securities and Exchange Commission is working on a new rule that would speed up their approval process, The Wall Street Journal reports.

Jefferies & Co. and two of its executives settled with the Securities and Exchange Commission last Monday over providing mutual fund traders at Fidelity Investments with $2 million worth of illegal gifts and entertainment to secure their trading business.

NEW YORK-Mutual funds want more specific market data, more succinctly delivered, according to a research paper released by Reuters' enterprise information division.

BOSTON-By 2011, Baby Boomers will move roughly $2.1 trillion out of individual retirement accounts (IRAs), according to analysts. And approximately $1.9 trillion is likely to roll out of the control of whichever company holds them now and into the hands of a competitor, according to Laura Varas, an analyst with Financial Research Corp. (FRC) in Boston.

Complying with new regulations, preparing to capture the assets of retiring Baby Boomers and offering alternative investments is prompting investment firms to seek out and retain top talent-with increased compensation as a key leverage.