- Money Management Executive
The National Association of Securities Dealers and the Municipal Securities Rulemaking Board have issued a joint statement promising cooperation to harmonize mutual fund and 529 plan sales rules, as there is heightened concern over lack of regulatory consistency.
February 24 - Money Management Executive
International Management Associates is a $150 million hedge fund firm that has collapsed and Kirk Wright, the hedge fund firm's manager, has evidently gone incognito, according to the Atlanta Journal-Constitution.
February 24 - Money Management Executive
Lehman Brothers may be forging a future of "unbundled" fees, through which mutual fund companies pay for research, rather than build the cost into the commissions customers pay on trades, according to The Wall Street Journal.
February 24 - Money Management Executive
Practice makes perfect, and mutual fund management is no exception, according to Bloomberg columnist Chet Currier.
February 24 - Money Management Executive
The New York Stock Exchange has proposed that the NASD form a joint venture with it, in an effort to equally regulate brokerage firms, according to The Wall Street Journal.
February 24 - Money Management Executive
Employee participation in 401(k) plans continued to decrease in 2005, to a participation rate of 70%, down 12.5% from 80% in 1999, and the percentage of salary contributed has fallen 20% in that time, from 8.6% to 6.9%, according to the Spectrem Group study "2005 Defined Contribution Market Needs."
February 23 - Money Management Executive
Baltimore-based T. Rowe Price Group is planning to acquire the Preferred Group mutual fund family, which is currently being advised by Caterpillar Investment Management, according to The Wall Street Journal.
February 23 - Money Management Executive
Due to heightening concerns of investors over identify theft, Charles Schwab & Co. is giving its investors a guarantee that it will cover 100% of losses having to do with unauthorized activity in investors' online brokerage accounts, according to MarketWatch.com.
February 23 - Money Management Executive
In an effort to give financial advisers more options and greater flexibility when designing retirement plans for their clients, 401kDirect next week will introduce a new plan including exchange-traded funds and collective investment funds. The new plan will be introduced officially at the American Society of Pension Professionals and Actuaries Summit in Orlando.
February 23 - Money Management Executive
Aiming to compete with increasingly popular alternative investments and to increase performance in a weak market, many mutual fund managers have adopted strategies previously associated with hedge funds, according to The Wall Street Journal. .
February 23