- Money Management Executive
First Hawaiian Bank has launched a wealth management platform through a strategic partnership with FundQuest of Boston.
October 13 - Money Management Executive
AARP Financial, a subsidiary of AARP Services, has added the AARP Income Fund to the fund family.
October 13 - Money Management Executive
Wachovia and Mellon Financial are bidding for MFS Investments, according to reports, citing people familiar with the situation.
October 13 - Money Management Executive
Egan-Jones Ratings, a company that issues credit ratings, primarily on senior unsecured debt, is interested in offering a ratings system for mutual funds, The Wall Street Journal reports.But unlike Morningstar’s star-rating system, Egan Jones would consider other variables beyond performance, although the company declined to elaborate.
October 13 - Money Management Executive
U.S. investors continue to pour money into international funds, The Financial Times reports.
October 13 - Money Management Executive
Martin L. Flanagan, president and chief executive officer of Amvescap, has been re-elected chairman of the Investment Company Institute, a one-year term. Paul Haaga, executive vice president of Capital Research and Management, has also been re-elected vice chairman, also a one-year term.
October 12 - Money Management Executive
Legg Mason warned that it is likely to fall short of analyst expectations for its third-quarter earnings. Analysts that Thomson First Call surveyed expected the company to report $1.16 a share; Legg sees that coming in between 96 cents and $1.12 a share.
October 12 - Money Management Executive
HUNTINGTON BEACH, Calif.—Disaster preparation doesn’t start with evacuation plans, or systems back-up contingencies. It starts with relationship building, according to Brian S. Tishuk, executive director of ChicagoFIRST.
October 12 - Money Management Executive
Mellon Financial might be willing to spend up to $8 billion or more to bolster its standing as an asset management firm, analysts tell the Pittsburgh Post-Gazette. In fact, the company might be considering buying MFS Investments and/or Putnam Investments, they say, each of which could be worth $4 billion.
October 12 - Money Management Executive
Steven Markovitz, a former trader with Millennium Partners who settled with the Securities and Exchange Commission three years ago for late trading by agreeing to be banned from the industry, has been charged with violating the terms of that agreement.
October 12