- Money Management Executive
Target-date retirement funds are catching on at Barclay Global Investors, which announced that assets in those funds doubled in 2005. Barclays was the first to offer so-called lifecycle funds in 1993, and today manages close to $10 billion in that category, which is an increasingly popular option offered through many 401(k) plans.
February 10 - Money Management Executive
The New York Stock Exchange announced yesterday that Bear Stearns has been fined $1.5 million in restitutions, for violating rules having to do with index arbitrage trading, and failing to supervise brokerage accounts and improper communication on the part of one of the firm's research analysts, according to MarketWatch.
February 10 - Money Management Executive
The Securities and Exchange Commission has fined Memphis-based Morgan Keegan $558,807 for allowing late trading to a hedge fund.
February 10 - Money Management Executive
The NASD has fined Sanford C. Bernstein Analyst Charles B. "Brad" Hintz $200,000 for violating the regulator's industrywide conflict of interest rules. NASD also fined New York-based Bernstein, a subsidiary of Alliance Capital Management $350,000.
February 10 - Money Management Executive
The Securities and Exchange Commission has charged John R. Shrewder of Oklahoma and his company, Franklin Group Inc., for defrauding investors, as he allegedly embellished the investments in two penny stocks, Artec Inc and Sequoia Interests Corp, according to The Victoria Advocate.
February 9 - Money Management Executive
For the first time ever, there is now an ETF based on futures contracts, and the fact that it uses derivatives is a form of encouragement for new commodities ETFs to step forward and do the same, according to MarketWatch.
February 9 - Money Management Executive
An astonishing one of five workers actually knows what his or her retirement income will be upon retirement, highlights the AXA Equitable Retirement Scope Survey findings. At the same time, knowing that Social Security is an important income element for retirees, 90% view it as "in trouble" or "in crisis."
February 9 - Money Management Executive
With interest rates potentially continuing to rise, bond markets may receive renewed attention from mutual fund investors, according to the Associated Press.
February 9 - Money Management Executive
The Securities and Exchange Commission has dropped its investigation of Morningstar in connection with incorrect data about fund returns published by the Chicago-based mutual fund research company, Morningstar indicated Wednesday.
February 9 - Money Management Executive
London-based Henderson Global Investors has launched a new Japan-Asia Focus fund, investing in Japanese and other Asian companies.
February 8