Money Management Executive Latest News

Mutual funds have been acting like hedge funds lately. More and more, mutual funds are applying hedge fund-like strategies, and some even buying out whole shops.

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.

Although banks and credit card companies have done a good job of pursuing Generation Y'ers, other investment firms, including mutual fund companies, have largely ignored them, Dow Jones Newswires reports.

Janus Capital has proposed changes in the fee structure of some of its mutual funds to reflect their performance against benchmarks.

Investors should populate their portfolios with both exchange-traded funds and index funds to make it well diversified, and at the same time keep operating costs low, The Wall Street Journal reports.

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.

U.S Treasury Undersecretary Randall Quarles believes that regulators should consider more comprehensive oversight of hedge funds, Reuters reports.

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, part of Lipper, Reuters reports.

Mario Gabello built his empire in 1976, when he was only 34-years-old, on a $50,000 check. He went to Branford, Conn to meet with Frederick J. Mancheski, then chairman and CEO of Echlin, Inc. and Mancheski became his first backer, The New York Times reports.

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 at http://www.sec.gov/about/offices/ocie/ccoutreach.htm and giving priority to chief compliance officers. The SEC will also webcast the all-day meeting at its home page.