Money Management Executive Latest News

A high-net-worth client of Peter S. Izzo, a wealth adviser with Merrill Lynch, recently came to him seeking to allocate a small percentage of his portfolio to emerging markets. The client, a retiree in his fifties who once ran a public company, wanted to select four or five countries with the best potential return.

The nation's 79 million Baby Boomers are a generation unlike any to come before it, and as a result they'll require a unique brand of investment regulation, according to Securities and Exchange Commission Chairman Christopher Cox.

Being too optimistic can lead to disappointment. That is precisely the lesson Wall Street learned, when Legg Mason's fiscal fourth quarterly earnings, while up 28%, failed to meet analysts' expectations, The Wall Street Journal reports.

The two former chief executives of Enron, the firm that defrauded investors, could be found guilty of consciously avoiding knowing about the illegal behavior that went on in the company, The Wall Street Journal reports.

The two former chief executives of Enron, the firm that defrauded investors, could be found guilty of consciously avoiding knowing about the illegal behavior that went on in the company, The Wall Street Journal reports.

The Nasdaq Stock Market has raised its stake in the London Stock Exchange to 24.1%, increasing its position as the biggest shareholder of the LSE even further, Reuters reports.

Investors keep pouring cash into commodities, unaffected by the record prices, U.S. regulatory changes and the unusual structure of the oil market. In fact, in 2006 commodities are set to hit $3.5 billion, Reuters reports.

New York Attorney General Elliot Spitzer is nearing the end of a two-year-long investigation into how public and private retirement plans select investment options, and whether undisclosed financial arrangements affect those decisions, the Los Angeles Times reports.

Housing manufacturer Fleetwood Enterprises has selected CitiStreet to administer the company's 401(k) plan. With almost 10,000 participants, the plan has about $300 million in assets.

Two former executives of the collapsed Bayou Management have been expelled from operating in the securities industry for an unspecified amount of time, according to Reuters.