Money Management Executive Latest News

PHOENIX - Mutual fund fees and expenses are too high, their trustees are asleep at the switch, competition from alternative investments is bearing down, and the money management industry, by and large, has failed the everyday investor.

Mutual funds that act like hedge funds may be more marketing than miracles, according to George Feiger, chief executive officer of Contango Capital Advisors, a financial adviser in Berkeley, Calif.

Fidelity Investments has struck an agreement with Amazon.com whereby it has set up a financial services destination, or so-called "store," to promote its mutual funds, retirement products, college savings offerings, IRAs, annuities and brokerage services.

Vanguard filed a registration statement with the Securities and Exchange Commission last Monday to offer five additional target retirement funds, expanding its current lineup of five funds plus one income fund, which have a total of $10 billion in assets.

T. Rowe Price Chairman To Retire After 38 Years

NEW YORK - Whether big or small, market mavericks or believers in benchmarks, the chief investment officers of top-performing mutual funds share some common elements - including a strong sense of who they are, a good understanding of where they came from and perhaps, most importantly, a trained focus on where they want to be.

Yet another mutual fund advisor has chosen to shed its corporate name and rebrand itself, adding to the growing list of fund groups that recently have, or soon will, change their own names or those of their proprietary mutual funds.

Although large institutions have traditionally avoided emerging markets hedge funds, preferring their emerging market mutual fund brethren, the lofty returns of these specialty hedge funds in recent years is evidently making these investors think twice about the risky sector, The Wall Street Journal reports.

Are ethics something that should be considered when it comes to investing? Or should investors and managers wear blinders when it comes to where they are putting their money? Many mutual fund managers are considering this question due to the recent happenings in Sudan, Africa.

Total assets in AIM Investments' allocation products, a group of seven mutual funds offering investors a simple way to achieve asset allocation and diversification, have exceeded $1 billion, the company announced yesterday.