Money Management Executive Latest News

In the incendiary case that taught all of America the importance of 401(k) diversification, it seems that some Enron employees may be slightly closer to relief, according to the Houston Chronicle.

In the incendiary case that taught all of America the importance of 401(k) diversification, it seems that some Enron employees may be slightly closer to relief, according to the Houston Chronicle.

In the incendiary case that taught all of America the importance of 401(k) diversification, it seems that some Enron employees may be slightly closer to relief, according to the Houston Chronicle.

A few years ago, fund companies took heat for letting large, special status customers quickly buy and sell swaths of stock to capitalize on small movements in price. So-called market timing, watchdogs warned, hurts those investors who buy and hold their funds, typically the little guys.

Growth guys aren't the only ones diving into technology and health stocks, according to Bloomberg News.

Large investors are hiring private investigators to examine hedge funds to avoid fraudulent or bad investments, according to the New York Times. With more and more hedge fund scandals and collapses, the business is in demand. Private investigator Randy Shain runs the investigative unit at First Advantage. The group consists of 50 investigators dressed causally who work out of a cubicle-less office in the Flatiron district in Manhattan. The investigations are costly and a report can run $2,500 to $50,000, depending on the depth, Shain said.

The separately managed account business continues to grow and assets increased $37.4 billion during the second quarter of 2006. The Money Management Institute, an organization for the managed account solutions industry, announced results last week. Total assets increased 5.8% over the past three months reaching $773.8 billion, compared with a 5.1% increase during 2Q05.

In an effort to be the first, and possibly last, word on investment news, Rockville, Md.-based Rydex this month opened an on-site television studio.

As mutual fund managers are changing jobs more often its creating a larger tax burden on investors, according to the Wall Street Journal.

Valley Forge, Penn.-based Vanguard has started two new mid-cap funds to plug the gap between its exiting large- and small-cap lineup, the company announced Thursday.