Money Management Executive Latest News

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.

Tanya Styblo Beder, the head of Citigroup's hedge fund unit, is looking into the future of hedge funds, and her predictions are not too pretty.

The Vanguard Group's investment counseling and research division has just released a report comparing the advantages of equity mutual funds and separately managed equity accounts.

After a rather courageous allegation this month by J & W Seligman against New York Attorney General Elliot Spitzer for allegedly overstepping his authority by forcing it to reduce fees, the Attorney General now alleges in a state court filing that improper trading at the firm brought more harm to investors than Seligman earlier admitted to.

The chief financial officer and the chief executive officer of Bayou Group pleaded guilty to federal felony fraud charges yesterday afternoon, according to an online report from The New York Times.

Trying to assess the risk of a hedge fund by comparing it to the competition is near impossible. But several companies are now trying to provide a dependable ratings service much like that available from Lipper, Reuters and Standard & Poor's for the mutual fund industry, The Wall Street Journal reports.

Investors near retirement are now being by Vanguard Group to an array of new online interactive planning tools.

Mutual Fund performance may not be the most important thing to worry about for investors who want their retirement savings to grow, The Wall Street Journal reports.