Money Management Executive Latest News

While a number of fund companies set up in-house TV studios during the heady 1990s to take advantage of the booming market, a second wave of firms building studios has begun. But this time, the main objective is to compete and distinguish themselves in an increasingly competitive marketplace.

It turns out, affluent Americans are not so different from the Average Joe.

Fidelity Investments expects its Advisor 401(k) platform to maintain its strong recent growth pace but says it does not look for an extra boost from recently enacted pension legislation.

Northern Trust has consolidated its two fund administration offices in Dublin and plans to open another office in Limerick, where it will employ 300 or more executives.

The New York Stock Exchange yesterday released an investor primer on ETFs, "What You Should Know About Exchange Traded Funds," the sixth in its ongoing

While the Securities and Exchange Commission continues to receive comment letters on the independent chairman rule--and has yet to indicate when it might reach a decision on the hotly contested matter--those pro and con the measure continue to speak out, the Associated Press reports.

The Bank of New York will sell its European-based mutual fund software business to Australian company Bravura Solutions for $60.2 million, Crain's New York Business reports. Bravura is a software development company that serves pensions, life insurance and investment management firms throughout the world.

International investing in exchange-traded funds has just gotten easier for Barclays Global Investors clients. Barclay's iShares unit has launched 12 exchange-traded funds on a new multi-currency service at the London Stock Exchange to enable investors to buy them in dollars, according to Reuters.

CIBC Asset Management announced Wednesday it is offering a hedge fund-of-funds with a low minimum requirement of only $5,000. Managed by Gottex Fund Management, the fund seeks to generate growth while preserving capital by using market-neutral strategies that can capture returns in markets where traditional investment strategies cannot.

A report from the Boston College Center for Retirement Research shows that the returns investors earn in 401(k)s are at least one percentage point lower each year than the returns they would earn in a defined benefit pension plan.