Money Management Executive Latest News

Westwood Management will soon launch a new large-cap value fund. The fund will be a separate string of the Dallas-based firm's Advisors' Inner Circle Fund, according to a report from Dow Jones.

Talk to Chuck about turning around a flagging discount brokerage.

Morningstar recently released its top picks for equity funds that not only perform well but also are shareholder friendly, and now the Chicago fund tracker has applied the same metric to determine the industry's best fixed-income products.

As the mutual fund industry continues to battle back from the scandal, popular sentiment is that investor confidence is rising. But don't count former Business Week writer Gary Weiss among the faithful and don't even get him started about hedge funds.

For a good time, put 5% of your assets in non-index "fun funds," says Vanguard Group founder and investor advocate, Jack Bogle.

After lagging performance led to massive outflows from its flagship Magellan fund, Fidelity Investments is closing two other large funds to new investments before they too get unwieldy. The news, which the firm announced late last week, comes on the heels of its recent announcement that it would be also be closing the $63.8 billion Fidelity Contrafund, currently the company's largest, to new investments.

First Trust introduced the first exchange-traded fund to track U.S. initial public offerings last week, but investors should think carefully about when they choose to buy in, according to MarketWatch columnist Mark Hulbert.

Janus Worldwide and Janus Overseas are a pair of funds that, as Morningstar analyst Kai Wiecking observes, once moved in unison. Now the two funds couldn't be more different, and it's rather interesting to see how they've evolved through the bull market of the late 1990s, the tech crash and the ensuring bear market to where they are today.

Vanguard founder John C. "Jack" Bogle is urging the Securities and Exchange Commission to require mutual fund companies to better disclose how much top executives are paid in salary, bonus and perks, in a letter he sent to regulators on April 10.

Janus Capital Group has appointed fund industry veteran and former AllianceBerstein executive Mark Baltimore to head its global broker/dealer unit.