- Money Management Executive
In the high-tech heist film "Sneakers," a team of computer hackers attempts to physically break into the secured secret headquarters of a criminal organization. Among the various barriers protecting the facility, the team encounters a voice-recognition device that responds to the phrase, "My voice is my passport; verify me."
October 9 - Money Management Executive
John Hancock Financial Services of Boston this month launched a $25 million to $35 million advertising campaign to highlight changes to its brand and make consumers aware of its full range of investment product offerings, now extending beyond just insurance. This is the company's first new brand platform in a decade and first new advertising campaign in three years.
October 9 - Money Management Executive
In spite of their famed repute for rewarding investors with stellar gains, more and more hedge funds are tanking—and increasingly are closing shop, The Wall Street Journal reports. The burgeoning number of hedge funds has led to portfolio managers all chasing the same ideas, leading to slimmer profits and bigger market swings.
October 6 - Money Management Executive
The Financial Planning Association’s appeal to a Securities and Exchange Commission rule allowing brokers to give investment advice without being regulated as an investment advisor was scheduled to be heard yesterday.
October 6 - Money Management Executive
Fidelity Investments has introduced an open architecture annuity platform that an executive said should help the Boston investment company retain assets after 401(k) customers retire.
October 6 - Money Management Executive
Beginning today, the New York Stock Exchange will begin trading two stocks on its electronic trading system, The Wall Street Journal reports.
October 6 - Money Management Executive
Columbia Management, the investment management division of Bank of America, completed the mergers of 11 funds Wednesday, in its continuing effort to simplify the choices it offers investors.
October 5 - Money Management Executive
Fidelity Investments announced Wednesday it has hired Mark Friebel as head of asset allocation at Pyramis Global Advisors, its division running institutional funds. He reports to Young Chin, Pyramis’ chief investment officer.
October 5 - Money Management Executive
Securities and Exchange Commission Chairman Christopher Cox announced the opening of registration for the annual CCOutreach National Seminar on Wednesday.
October 5 - Money Management Executive
While the Dow Jones Industrial Average hit a new high Tuesday, the Fidelity Magellan fund was the weakest performer of the 10 largest mutual funds in the nation, Bloomberg reports.
October 5