- Money Management Executive
With the help of the U.S. Secret Service, the Securities and Exchange Commission has brought forth charges against four hedge fund managers from Boston-based Global Time Capital Management for insider trading on the $10.5 billion acquisition of Charter One by Royal Bank of Scotland.
October 7 - Money Management Executive
Teachers Insurance and Annuity Association-College received a blow from their shareholders in late August, when a "no" vote rejected its proposed fee increase on nine of its funds. But TIAA-CREF is not giving up. On the contrary the company is considering holding a second vote on the matter, The Wall Street Journal reports.
October 7 - Money Management Executive
Hedge funds have been placed under an investigation by international securities regulators, the Financial Times reports. The aim of the investigation is to expose potential risks to hedge-fund investors.
October 7 - Money Management Executive
The Hartford has launched three new target retirement funds, along with a retirement income fund, specifically aimed at the 77 million Baby Boomers. They are The Hartford Target Retirement 2010 Fund, The Hartford Target Retirement 2020 Fund, The Hartford Target Retirement 2030 Fund and The Hartford Retirement Income Fund. While The Hartford will act as sub-advisor to these funds-of-funds, Ibbotson Associates will act as consultant.
October 6 - Money Management Executive
Paul Schott Stevens, president of the Investment Company Institute, applauded Senators Michael Crapo (R-IDdaho, Tim Johnson (D-S.D.) and Jim Bunning (R-Ky.) for introducing companion legislation for the GROWTH Act in the upper house. Representatives Paul Ryan (R-Wis.) and William Jefferson (D-La.) introduced the original bill in the House in May.
October 6 - Money Management Executive
Retirement plan providers are issuing personal 401(k) statements projecting how much monthly income investors can expect to have in retirement to encourage higher contributions. Vanguard, T.Rowe Price, Principal Financial, Fidelity Investments, Putnam Investments and New York Life Investment Management are among those that are providing the customized statements, The Wall Street Journal reports.
October 6 - Money Management Executive
Mutual fund companies' new anti-timing rules are creating quite a bit of confusion among investors, Dow Jones reports.
October 6 - Money Management Executive
Despite high oil prices, rising interest rates and doubt over the economy due to catastrophic hurricanes, U.S. asset management companies are likely to report high quarterly earnings reports, Dow Jones reports.
October 6 - Money Management Executive
Hedge funds and private equity firms are investing in airline securities backed by leases on the aircraft or the aircraft equipment, Forbes.com reports. Some are even going straight to leasing, helping to revive a sector of the asset-backed securities market that has lost popularity in the past two years.
October 5 - Money Management Executive
Hedge fund investors are expected to increase or maintain their allocations, according to hedge fund advisor Hennessee Group.
October 5