Money Management Executive Latest News

Industry experts say that managers of some struggling funds should be given the benefit of the doubt, even if their sector is booming and they're seemingly stuck.

One of the more dramatic industry changes in recent years is the way that individual investors choose their investment managers, according to The Wall Street Journal.

As further evidence of just how much the competitive landscape has changed over the past few years, American Funds, one of the nation's oldest mutual fund families and the money manager for Los Angeles-based Capital Group, has three of its funds listed as the industry's top five.

Boston-based John Hancock Funds, a unit of Canada's Manulife Financial, is transferring 29 internally managed mutual funds to its sister company, Sovereign Asset Management, according to the Boston Business Journal.

Morningstar will buy asset allocation expert Ibbotson Associates for $83 million in cash.

As 2005 draws to a close, mutual fund investors appear to be favoring aggressive growth stocks, MarketWatch reported.

US Airways Chief Executive Doug Parker last week said that hedge funds would play an important role in consolidating the airline industry, Reuters reports.

Taking a cue from hedge funds, more and more mutual funds are investing in PIPEs, or private investment in public entities, a recent report from Forbes.com indicates.

The best-laid plans of Mellon Financial just aren't good enough when it comes to returns, analysts argue, but Martin G. McGuinn, Mellon's chief executive, claims his company just needs more time to grow.

Judges on the U.S. Court of Appeals in Washington on Friday took lawyers for the Securities and Exchange Commission to task over some language included in the regulator's controversial hedge fund registration rule and it might be good news for the plaintiff.