Money Management Executive Latest News

Janus Capital Group must really be confident in the potential performance of its funds, because the Denver-based mutual fund company's management board voted unanimously on Sept. 20 to charge performance-based fees on 13 of its 59 funds, representing 30% of its $130 million of assets under management.

Mutual fund complexes, which own more than 22% of U.S. corporate stocks, are the puppets of corporate bigwigs, and the relationship is harming shareholders, a new study from the Center for Political Accountability (CPA) claims.

Only 34% of Americans expect to be prepared for retirement, according to a recent Wall Street Journal Online/Harris Interactive poll of 1,772 people who are key financial decision-makers in their households. Nearly a third, 27%, don't think they'll have enough money saved, and 39% are not sure.

The Securities and Exchange Commission will host its first national CCO Outreach Seminar on Nov. 8 at the Commission's headquarters. With space available for only 500, the SEC is accepting registrations online and giving priority to chief compliance officers. The SEC will also webcast the all-day meeting at its home page.

European mutual funds fees are almost twice as high as U.S. fees, as portfolios in the states benefit from economies of scale in a unified market, according to research firm Fitzrovia, a division of Lipper.

Fulbright & Jaworski Taps Former SEC Heavyweights

In the five years since the end of 1999 through 2004, those Americans who consistently maintained their 401(k) accounts in that time period saw their balances rise 36% to an average of $91,042, according to a study released last week by the Employee Benefit Research Institute and the Investment Company Institute.

NEW YORK - New regulations may serve to harm investors by flooding them with information, Charles E. Haldeman, CEO of Putnam Investments, said here at the annual meeting of the National Association for Variable Annuities.

Experts warn that the sky-high returns from the hedge fund industry will not be here for long, Reuters reports. As the industry gets more crowded, returns will shrink.

Hedge fund fraud is more common in the United States than it is in Europe because nearly anyone can take a shot at becoming a hedge fund manager as long as they have a Bloomberg terminal and money to start with, CNN/Money reports.