Money Management Executive Latest News

Since the SEC voted to require many U.S. hedge fund managers to register as investment advisors, hedge fund managers have been looking to sort out what steps they need to take to adhere to the new regulation. To help them, Lipper of New York has just published "It's the Rule: The New SEC Advisor Regulation for Hedge Funds," a guide to what managers need to know in advance of the Feb. 1, 2006 deadline for registration.

The results of the Deloitte Touche Tohmatsu "2005 Global Offshoring Study" are in, and they indicate that many financial services companies are not committed enough to offshoring, and therefore do not receive the maximum return ratio that could have been gained from the operation.

CitiStreet Names Three Regional Sales Directors

By Steven Miyao Chief Executive Officer kasina

By Theodore E. Eichenlaub Partner Adviser Compliance Associates

JPMorgan Chase has launched a new mutual fund that its hedge fund manager, Highbridge Capital Management, will oversee, The New York Times reports.

Two large pension funds have put Fidelity Investments on watch for a total of $433 million, Financial News reports.

New Ontario Securities Commission Chairman W. David Wilson recently gave a speech in which he highlighted that the recent scandals involving hedge funds and said there is a need for more transparency, and by extension, more regulation, according to Hedge World News.

At the request of New York Attorney General Eliot Spitzer, State Supreme Court Justice James Yates dropped charges against former Canadian Imperial Bank of Commerce executive Paul Flynn on Monday.

Ernst & Young has awarded James E. Stowers, Jr. as the nation's top financial services entrepreneur, the Kansas City Star reports. Stowers is the founder of American Century Investments and the Stowers Institute for Medical Research.