Money Management Executive Latest News

Socially responsible investing has been a hot trend in the past few years, but has cooled down lately. However, fund managers need not worry because there are many opportunities in the international sector, MarketWatch.com reports.

Although Skandia's board of directors has advised the insurer's shareholders to reject Old Mutual's $6.02 billion takeover bid, the South African insurer plans to go ahead with the purchase and complete it by mid January.

Nearly 10 months since President Bush first revealed his desire to include private accounts in Social Security reform - an effort that included a three-month, nationwide barnstorming campaign to drum up support - the administration is no closer to getting a proposal heard by Congress.

In the mutual fund industry these days, sometimes it pays to be a little more like David and lot less like Goliath.

Private equity firms and distressed debt investors are opposites, and these days opposites attract, according to an article by The Wall Street Journal. Private equity firms have begun launching hedge funds, including those specializing in distressed debt, while hedge funds are getting involved in private equity deals.

Investigators sent a second notice to Fidelity Investments last Thursday informing them of their ongoing investigation into traders at fund giant accepting improper compensation in the form of gifts and sumptuous entertainment.

If the mutual fund industry and the regulators who oversee it thought that the mutual fund trading scandal is a once-in-a-lifetime occurrence they will eventually be able to put behind them, the Government Accountability Office believes otherwise.

Setting redemption fees in compliance with the Securities and Exchange Commission's new Rule 22c-2 is going to cost the mutual fund industry $617.5 million over the next three years, a new report from TowerGroup shows.

Hedge fund assets will increase at a compound annual growth rate of 15% between 2005 and 2008, resulting in overall growth of 75% in that time, according to TowerGroup.

Ibbotson Boosts Five to VP