Money Management Executive Latest News

The SEC expects to take action before the end of this year to finally battle late trading in mutual funds through the long-debated redemption fee rule and decide whether or not it is necessary to propose rules forcing firms to use interactive data for financial reports, according to The Wall Street Journal.

Data showing strong performance of actively managed mutual funds, compared to indexes, may need another look, according to a study released Thursday by Savant Capital Management and the Zero Alpha Group.

Primarily driven by their familiarity with the company that they work for, many investors in 401(k) plans are loaded up on company stock. Apparently the lessons of Enron and WorldCom have been lost on a large number of investors, the Associated Press reports.

In an effort to encourage those who typically don't participate in the investment world to get involved, the National Association of Securities Dealers Investor Education Foundation awarded grants to six organizations to increase awareness.

State Street Global Advisors has registered 17 new exchange-traded funds with the SEC, Dow Jones reports. This would expand its current roster of 25 ETFs, 12 of which it has rolled out since November.

Mutual fund companies are key enablers in the runaway compensation packages that corporate executive enjoy, according to a new study.

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.

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

Knowing what to buy is important, but knowing when to sell is critical if money managers want their gains to stick, according to financial columnist Randy Reynolds.

News last week of the theft of a laptop computer from Fidelity Investments that reportedly contained confidential client information is perhaps the final straw for many companies and individuals, who in increasing numbers have recently sought out precautions ranging from old-fashioned locks to sophisticated software protection.