Money Management Executive Latest News

The financial services industry is likely to get a huge boost from the recent pension legislation; expects predict almost $2 trillion in new money will flow into U.S. retirement funds, Bloomberg reports.

After parking investors' money in cash at record proportions, value fund managers have begun buying stocks again, according to The Wall Street Journal.

Executives at Munder Capital Management have partnered with New York-based Crestview Partners to buy out Comerica's interest in the Birmingham, Mich.-based asset management firm.

As much as investors and fund managers strive to beat the index, the task is a difficult one and usually unsuccessful.

The Senate-approved pension bill landed on President Bush's desk last week, and is expected to be signed into law soon.

Dozens more companies may be charged with backdating stock option grants, Bloomberg reports, citing U.S. officials, lawyers and executive-pay experts.

The Securities and Exchange Commission on Monday charged three former Janus Capital executives with violating federal securities laws and prospectus provisions by allowing or facilitating improper frequent trading arrangements for two brokerage firms. The three are: Warren Lammert, former portfolio manager of the Janus Mercury

Something is better than nothing when it comes to investors seeking advice, retirement market watchers agree. Even if that advice is conflicted.

Fidelity Investments and SunGard Data Systems formed a multi-year partnership last week that unites Fidelity's brokerage services with SunGard's transaction processing capabilities, on a single platform. The deal gives each company a greater competitive edge to target intermediaries supporting Baby Boomers as they move from savers to spenders in their retirement.

Fidelity Investments will spend $100 million to build a facility in Wake County, North Carolina, Governor Mike Easley announced last week.