Money Management Executive Latest News

New York State Attorney General Eliot Spitzer fired back in response to a March 24 Wall Street Journal editorial in which the paper criticized his lawsuit of tax-prep giant H&R Block and called for the gubernatorial hopeful to consider "a few more anger management classes."

In early 2002, executives at Dreyfus gave written permission for hedge fund Millennium Partners to engage in market timing in its mutual funds, according to The Wall Street Journal.

Morningstar has rolled out mutual fund stewardship grades to underscore the fact that there's more for investors to consider when choosing a mutual fund than just past performance. This year's results are in, and one-fourth of domestic stock funds received excellent marks, while Morningstar rated all of them "good or great funds overall."

A number of large institutional investors are asking their brokerage houses to strip out the cost of research from trading commissions, Dow Jones reports. They are apparently following the lead of Fidelity Investments, which struck deals with Lehman Brothers and Deutsche Bank late last year to separate the cost of trading from research.

PHOENIX - After a sustained period of devoting resources to what its highest officers characterize as "frenetic rulemaking," the Securities and Exchange Commission is now prepared to conduct a comprehensive review of its exemptive application process and its approach to cost/benefit analysis.

PHOENIX - The nation's retirement system is in desperate need of an overhaul, and the mutual fund industry is likely to play a vital role in that renovation.

Investors who pick actively managed funds simply because data shows they beat the index might want to look a little more closely, according to a report released by a coalition of eight independent financial advisory firms known as the Zero Alpha Group.

State Street Global Advisors has registered 17 new exchange-traded funds with the Securities and Exchange Commission. This will expand its current roster of 25 ETFs, 12 of which it has rolled out since November.

The recent theft of a Fidelity Investments laptop computer that contained confidential client information is perhaps the final straw for many companies and individuals, who in increasing numbers are seeking out precautions ranging from old-fashioned locks to sophisticated software protection.

IXIS Promotes Witkos to EVP, Head of Distribution