- Money Management Executive
Fox News host Neil Cavuto slammed AARP for entering the mutual fund marketplace after opposing President George W. Bush's proposal to invest Social Security funds in the stock market, calling the organization "hypocritical."
May 1 - Money Management Executive
When someone like Legg Mason Value Trust manager Bill Miller says a particular investment has run its course, odds are he's right, even if everyone else is still singing its praises.
May 1 - Money Management Executive
Opportunities abound for mutual fund companies to offer 401(k) retirement plans to small businesses, according to a report from Corporate Insight, "The Big Business of Small Business Retirement Plants." Small businesses make up about 99.7% of all employers and employ about half of the U.S. private sector workers, excluding those who work on farms.
May 1 - Money Management Executive
Lipper has launched new lifestyle, lifecycle and hedge fund categories, to be able to more effectively compare peer groups. According to the Investment Company Institute, 15.6% and 16% of 401(k) assets are positioned in lifestyle and lifecycle funds.
May 1 - Money Management Executive
Securities and Exchange Commission Chairman Christopher Cox indicated last week that the regulator would seek additional public comment on its independent chairman rule, a likely sign that he intends to forge ahead with one of his predecessor's most controversial measures.
May 1 - Money Management Executive
Seemingly lost amid the fervor over the Securities and Exchange Commission's redemption fee rule, its recent guidance on soft dollars, and reports from chief compliance officers to mutual fund boards is yet another regulatory deadline that the money management industry must soon meet: anti-money laundering measures.
May 1 - Money Management Executive
NEW YORK - The registration of hedge funds brings with it regulations that can affect the way in which portfolio managers get, and do, business.
May 1 - Money Management Executive
National Financial, the clearing division of Fidelity Investments, has launched three new services to assist broker/dealers.
May 1 - Money Management Executive
AARP Financial is now offering three index funds specifically designed for investors age 50 or older with a mid- to long-term time frame. AARP's first offerings since it severed its 21-year-relationship with Scudder Investments in December, the funds will invest between 25% and 75% of assets in stock index funds.
May 1 -