Money Management Executive Latest News

Google has launched, in beta test, a new financial website that offers news on stocks and mutual funds, quotes, chat rooms, charts and links to related information, including even blogs.

Fidelity Investments is considering switching the benchmark for its Blue Chip Growth Fund from the S&P 500 Index to the Russell 100 Growth Index, The Wall Street Journal reports. Fidelity is putting the matter to a shareholder vote in May.

European pension funds and insurance companies have increasingly turned to London-based hedge funds, doubling the size of the U.K. industry's market share of the entire hedge fund universe in just three years, according to Bloomberg.

Anticipating the approval of the Barclays Silver ETF, silver prices were at their highest in more than 22 years and are expected to move even higher if the investment fund is approved, according to MarketWatch.

We've all heard the saying, "What goes up must come down," and that is precisely why fund managers are becoming increasingly cautious on foreign small-cap stocks, MarketWatch reports.

The first major feat of succeeding in Japan, certainly, is cracking a market that is largely investment-averse. But at Nikko Asset Management, where an American-led restructuring is taking place, the evolution extends internally, the Financial Times reports.

New York Attorney General Eliot Spitzer has subpoenaed a division of AXA Financial, AXA Equitable Life Insurance Co., on suspicions that it may have allowed market timing through its variable annuities and other insurance products, an SEC filing shows.

As a result of the departure of three of its key small-cap portfolio managers and the promotion of one of them, Henry Lange, to run its flagship Magellan Fund, Fidelity has reassigned a number of its small-cap skippers. And this has some industry insiders a little concerned about the disruption to the funds and the short track records of their replacements, many of whom were previously analysts.

Although the mutual fund industry continues to hit milestones, business could still be better, The Arizona Republic reports.

Vanguard filed a registration statement with the Securities and Exchange Commission 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.