- Money Management Executive
After giving several explanations as to why he participated in a 2002 case involving a mutual company with which he invests, U.S. Supreme Court nominee Samuel A. Alito, Jr. seems to have narrowed it down to one, according to accounts from The Washington Post.
January 12 - Money Management Executive
The Securities and Exchange Commission plans to take action against Perry Capital, a hedge fund company, for allegedly violating disclosure rules last year when trying to influence a merger battle, according to Comtex News Network.
January 12 - Money Management Executive
The Securities and Exchange Commission plans to take action against Perry Capital, a hedge fund company, for allegedly violating disclosure rules last year when trying to influence a merger battle, according to Comtex News Network.
January 12 - Money Management Executive
An official of the Internal Revenue Service is currently encouraging Congress to mandate that financial services firms disclose to the government what investors pay for their stocks and mutual funds, according to The Wall Street Journal.
January 12 - Money Management Executive
Small investors looking to mitigate risk and employ a diverse strategy, but who don't know how to choose that one fund manager who will do it all might want to consider multi-management funds, according to an Associated Press feature.
January 11 - Money Management Executive
Reverberations from the collapse of derivatives broker Refco may have PlusFunds Group on some shaky ground, according to MarketWatch.com.
January 11 - Money Management Executive
As the number of lifestyle funds continues to swell and the rate of their asset growth surpasses regular equity funds, mutual fund companies are beginning to try and differentiate their lifestyle funds with increasingly diversified lifestyle funds, The Wall Street Journal reports.
January 11 - Money Management Executive
Shareholders of Janus Capital Group's voted this past Monday to approve performance-related fees, according to a Dow Jones Newswire.
January 11 - Money Management Executive
ETFs have always been known for their tax-efficiency, but a recent report by Lipper has placed uncertainty over whether they have recently lived up to their reputation, according to the Financial Times.
January 11 - Money Management Executive
Daniel Calugar, the former owner of the broker/dealer Security Brokerage, agreed to pay $103 million in ill-gotten gains and a civil penalty of $50 million to settle charges of late trading and market timing, the Securities and Exchange Commission announced Tuesday. The civil penalty is the largest that the SEC has imposed on any person or company in the mutual fund trading scandal to date.
January 11