Money Management Executive Latest News

New York Attorney General Eliot Spitzer filed a lawsuit against two hedge funds and their principals for fraudulently timing mutual funds through Security Trust Co.

Here's the plan: Work 40 years, contribute to a company-sponsored 401(k) plan, retire and begin a life of leisure.

International and value stocks are poised to do well in the coming year, while growth stocks will continue this year's flat path. This is according to Columbia Management's 2007 Outlook webcast last week.

Although mutual funds can surely stake their claim to the lion's share of 401(k) plan assets, and exchange-traded funds have been the popular up-and-comers, separately managed accounts may soon be able to carve out a heftier piece of the 401(k) pie.

U.S. mutual fund managers are feeling more optimistic. A Merrill Lynch survey of fund managers found a significant change in tone by pros investing domestically.

Pennsylvania has selected Vanguard and Upromise to replace Delaware Investments as manager and recordkeeper, respectively, of its 529 college savings plan.

Transamerica Taps Barlow As Regional Vice President

The investment management industry is constantly developing new products and chasing new ideas to attract assets, and separately managed accounts have been no different. First came SMAs, and then, multi-style accounts followed by unified managed accounts.

American Century Investments is aiming lower: lower age investors, lower minimum investments and lower-cost financial goals.

Besides boosting investor confidence and stock prices, the rash of mergers and acquisitions is boosting the returns of mutual funds, the Associated Press reports.