Money Management Executive Latest News

Publicly traded mutual fund firms have delivered stellar returns over the past two years, in many case far better than the performance of their own mutual fund portfolios, The New York Times reports.

Citing high participation and some internal rejiggering, the Fidelity Charitable Gift Fund announced Thursday it plans to cut administrative fees by 40% or more.

Commodities - silver, crude oil, bushels of wheat and gold, to name a few - have been sizzling for about a year, with gold now nearing $600 an ounce. However, some mutual funds that track commodity prices are not doing nearly as well, according to The Wall Street Journal.

Vanguard CEO John Brennan dismissed the ideas that stocks may be headed for a long-term bear market and that it's become a stock-picker's market, in an interview with the Pittsburgh Post-Gazette.

The Boston office of the Securities and Exchange Commission has a new enforcer on the block, but his face isn't entirely unfamiliar to New England's mutual fund industry.

The Securities and Exchange Commission's independent director and independent chairman rules hit another roadblock Friday, when a federal court of appeals sent them back to the commission, giving the agency 90 days either to collect more public comment, or to let the rules become invalid, according to Marketwatch.

The May 1 deadline is coming up for entries to SourceMedia's Fourth Annual Fund Operations Awards, as presented by Money Management Executive.

Sometimes, it appears, it's not so good to be the king.

PHOENIX - Vanguard Group General Counsel Ari Gabinet likes to recall the time he was asked to speak on soft-dollar best practices at a recent conference.

A recent report suggested that mutual funds' tendency to vote with management on proxies may be part of the reason for ballooning executive pay.