- Money Management Executive
Despite economic challenges - such as rising healthcare costs, the federal budget deficit and soaring energy prices - affluent investors with at least $100,000 in financial assets have an optimistic outlook toward the investment climate for the next six months, mostly due to the fact that 50% of them believe it is currently better than it was a year ago, according to the Citigroup Smith Barney's "Affluent Investor Poll," conducted by Mathew Greenwald & Associates of Washington and Synovate of Chicago.
February 6 - Money Management Executive
Male and female mutual fund managers employ different strategies but achieve very similar results, according to a study released by researchers at the University of Cologne in Cologne, Germany.
February 6 - Money Management Executive
The deficit reduction bill that Congress passed Wednesday has one benefit for the families of students, and that is equality in the treatment of different kinds of 529 college savings plans, according to The Wall Street Journal.
February 3 - Money Management Executive
American Century Investments has introduced a new fund that will combine long- and short-term portfolio strategies to garner consistent returns.
February 3 - Money Management Executive
Fidelity subsidiary National Financial has introduced a new managed account program aimed at helping broker/dealers and registered investment advisors increase revenue, find new clients and recruit brokers, the company said.
February 3 - Money Management Executive
The Vanguard Group has filed a statement with the Securities and Exchange Commission to offer the Vanguard Strategic Small-Cap Equity Fund. Vanguard's quantitative equity group, under the leadership of James P. Stetler, will actively mange the stock fund, making it only the second Vanguard fund ever to be actively managed.
February 3 - 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 Employee Benefit News.
February 3 - Money Management Executive
The House and the Senate are expected to meet soon to reconcile two respective pension bills that would allow advice in 401(k) plans. But even though many expect Congress to update the Employment Retirement Income Security Act because Americans' pension plans continue to be eliminated in favor of 401(k)s, members of Congress are sharply divided over the neutrality of that advice, The Wall Street Journal reports.
February 2 - Money Management Executive
TCW Galileo Funds' board of directors has announced that it has decided to change the name of its mutual fund division to the TCW Funds, starting Feb. 22.
February 2 - Money Management Executive
Iqon Financial Inc. clients who invested in Portus Alternative Asset Management will be reimbursed the full amount of their capital investment, as a result of the allegations made by the Ontario Securities Commission that Portus violated a number of securities laws back in February of last year, resulting in the collapse of the Canadian hedge fund, according to the Toronto Star.
February 2