- Money Management Executive
Institutional investors, including pension funds, are expected to become the largest holders of hedge funds in the future, a recent survey of 500 investors and investment management professionals by conference organizer ICBI suggests.
October 5 - Money Management Executive
Mergent has launched three new exchange-traded funds that are based on its dividend achievers methodology, whereby the funds invest in companies that have increased their dividends for at least the past 10 years. The funds began trading on the American Stock Exchange on Sept. 15.
October 5 - Money Management Executive
The NASD announced that it has imposed a $408,000 fine on San Diego-based First Allied Securities for allowing and aiding three hedge fund customers to take part in market timing transactions. NASD also ordered the firm to pay $326,500 to compensate the affected funds.
October 5 - Money Management Executive
The NASD, primary regulator for the nation's brokerage industry, has imposed a $1.5 million fine on the Dutch firm ING Financial Services for excessive mutual fund trading.
October 4 - Money Management Executive
The NASD announced Monday it has fined Janney Montgomery Scott $1.2 million for permitting improper market timing and related violations. In addition, the NASD ordered the Janney to pay nearly $1 million in restitution to the affected mutual funds.
October 4 - Money Management Executive
More details have emerged in the Securities and Exchange Commission's investigation of market timing at Bank of Hawaii.
October 4 - Money Management Executive
If the outcry that always follows the annual publishing of Forbes' 400 wealthiest Americans illustrates anything about the investment management industry, it's that investors have a love-hate relationship with their money managers.
October 4 - Money Management Executive
Not only has his popularity generally diminished, but Eliot Spitzer's crime-fighting image and the number of executives who shiver at the mention of his name have dramatically decreased, too, according to a report from Reuters.
October 4 - Money Management Executive
Four people have been charged with insider trading on Citizens Financial Group's 2004 acquisition of Charter One Financial. The information netted the participants more than $750,000 according to The Boston Globe.
October 3 - Money Management Executive
According to the Investment Company Institute, domestic exchange-traded fund assets declined by $4.1 billion in August to $164.8 billion. Meanwhile, assets in international ETFs increased by about $2.7 billion to $46.6 billion.
October 3