Money Management Executive Latest News

The Russell 3000 annual reconstitution takes effect June 30, and when it does, investors will see a slew of new companies, including 43 new healthcare and biotechnology companies.

Ben Stein, author, comedian and actor, last week testified before the Senate in his capacity as honorary chairman of the National Retirement Planning Coalition on the value of annuities.

Pequot Capital Management on Friday fired back after The New York Times reported that Securities and Exchange Commission is investigating claims of insider trading at the $7 billion hedge fund.

Federal regulators seeking to increase regulations of hedge funds suffered a setback Friday when the U.S. Court of Appeals for the District of Columbia called the Securities and Exchange Commission's adviser registration rule "arbitrary," sending it back to the SEC for further review.

Fidelity Investments will reportedly move 1,200 jobs to Florida, planning to open a customer-service center in Jacksonville by 2010 that will be manned by phone representatives, traders, salespeople and financial planners. It will be located alongside its current retail brokerage operations there and require an investment of $27.25 million to refurbish the site.

Increasingly, exchange-traded funds have individuals acting like institutional investors - or, at least, are offering them the tools to do so.

First, the good news. A decade marked by low interest rates, increasing property values, and a forward-moving economy has churned out millions of affluent Americans, or those with between $100,000 and $3 million to invest.

What are portfolio managers, chief investment officers and fund executives telling their fund shareholders these days?

As college financing plans evolve, so do the rules about selling them. The Deficit Reduction Act of 2005 is making prepaid college tuition plans more attractive. At the same time, as states add special features to their 529 plans to attract assets from both in-state and out, regulators want to make sure sellers disclose exactly what those bells and whistles entail. Meanwhile, the future of 529s may depend on extending the 2001 Economic Growth and Tax Relief Reconciliation Act (EGTRRA), which expires in 2010.

While investors flee foreign equity markets, Franklin Templeton Investments offers an alternative, the Franklin Templeton Global Real Estate Fund.