- Money Management Executive
In a move that further reflects the changing face of Janus Capital, the Denver firm recently increased its stake in its quantitative equities division, Intech.
February 13 - Money Management Executive
Maybe it's that rugged American individualism. Or maybe it's fallout from watching pensions peter out, Social Security shrivel and the prospects for their golden years begin to look rather glum. More and more workers are choosing individual retirement accounts (IRAs) as their retirement planning tool of choice over 401(k)s and other employer-sponsored defined contribution plans, according to the Employee Benefit Research Institute.
February 13 - Money Management Executive
In an unusual move, the board of directors that oversees the 26 proprietary, non-ETF mutual funds managed by State Street Global Advisors Funds Management (SSgA) of Boston, has adopted a two-year rotating term for its independent trustees to take the chairperson's role for a spin. SSgA is a wholly owned investment advisory subsidiary of State Street Corp.
February 13 - Money Management Executive
Fund scandals and the recent probes in the financial industry have caused retirement plan fees to decrease since 2003, and in 2006 they will continue on their descending path, according to sister publication Employee Benefit News. The pressure of competition has forced many funds to lower their management fees, and this, as well as regulatory scrutiny and consolidation in the financial industry, has contributed to the fact that retirement plan fees have also declined.
February 13 - Money Management Executive
Executives at mutual fund companies increased their contributions to Washington politicians in 2004 to $1.3 million, data from opensecrets.com shows. That's a significant increase from the last presidential election year, in 2000, when they donated $391,938. And so far, in the 2006 cycle, employees at the top 10 mutual fund companies have donated $257,297.
February 13 - Money Management Executive
Wilmington CEO Named To Federal Advisory Council
February 13 - Money Management Executive
As mutual fund firms prepare to meet the costly demands of the Securities and Exchange Commission's new redemption rule, known officially as Rule 22c-2, they're also discovering just how extensively it will impact their everyday business routines.
February 13 - Money Management Executive
School is in session for those shopping for the best college-savings plan.
February 13 - Money Management Executive
* ASD Foundation Funds Research, which the NASD established in 2003 to improve
February 13 - Money Management Executive
After growing for two consecutive years, investments in 529 college savings plans dipped in 2005, according to The Wall Street Journal.
February 10