Money Management Executive Latest News

UBS, having hired a team from Merrill Lynch, is planning to launch a private wealth management division to serve ultra-wealthy investors.

Federal Reserve Chairman Ben Bernanke warned this week that placing more regulation on hedge funds could make financial markets less stable. He also said he believes that hedge fund trading partners manage their risks well, Reuters reports.

Mutual fund investors focus on fees, past performance and risk when they consider whether or not to invest in a certain fund, according to a survey released yesterday by the ICI.

NASD Chairman Robert Glauber said the worst wave of law enforcement has passed for the mutual fund industry and that investor complaints have declined since the trading scandals in 2003, Reuters reports.

Although exchange-traded funds have drawn in record amounts of money, they are increasingly looking to non-traditional indexes that might excite investors more than standard ones, Kiplinger's reports.

American Century this week unveiled four lifecycle and one income fund as part of its partnership with Lance Armstrong and his Lance Armstrong Foundation, an educational and advocacy organization for people with cancer.

Securities and Exchange Commission Chairman Christopher Cox and New York Attorney General Eliot Spitzer met this week for the first time face-to-face to discuss a wide range of cases, including mutual fund investigations--and vowed to work more cooperatively, according to numerous reports.

Envision Financial is launching the Clarity Compliance Solution to assist fund companies to comply with the upcoming Rule 22c-2.

Best known for private banking, Zurich-based Julius Baer plans to bring four mutual funds to the masses, according to The Wall Street Journal.

Gold is the leader of the ETF pack, as these precious metal funds are dominating the rest for the past three and six months, Investors Business Daily reports.