Money Management Executive Latest News

After having overextended its services at the end of the bull market to cater to affluent investors--and then laying off thousands of employees, struggling to find a more viable business model and seeing 900,000 accounts walk out the door, today, a streamlined Charles Schwab is showing impressive signs of strength, Los Angeles Times reports.

As Fidelity Investments turns 60 this month, the fund giant again has cause for celebration. Recent efforts to overhaul its fund management--with new portfolio managers, more lenient investment mandates and a smattering of new funds--have paid off, with performance of many of its funds returning to strong levels, The Boston Globe reports.

Mutual fund took in net flows of $116.46 billion in the first quarter of the year, up 75% from the $66.5 billion they netted in the same period last year, data from the Investment Company Institute shows.

Citing the constraints of indexing, the Domini Social Equity Fund is looking to become actively managed.

Investor expenses have dropped for a second straight year, the Los Angeles Times reports.

Emerging markets are known to be highly volatile. Nonetheless, many international or global funds are too highly concentrated in emerging markets, a fact that came to light in the past week when markets in Brazil, Russia and India tumbled--and many international funds fell right along with them, The Wall Street Journal reports.

For all its claims to have some of the sharpest portfolio managers and analysts in the mutual fund industry--people who research companies inside and out--Janus was fooled by Enron's accounting scheme of hiding billions of dollars in debt and inflated profits, just like everyone else, the Denver Post reports.

No-load funds are not hard to find, yet investors continue to pay up-front broker commissions to brokers and financial advisers for advice, but Jim Peterson, head of mutual fund research for Charles Schwab, argues that front-loaded funds are just a way for interested parties to make a buck.

WASHINGTON - The money management industry is wrestling with a titanic disclosure dilemma.

WASHINGTON - John Casey, a 39-year veteran of the investment management business, has some frank advice for asset managers struggling to get on the platforms of major broker/dealers.