Money Management Executive Latest News

Setting redemption fees in compliance with the SEC'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.

High-profile tort attorneys, most notably those who won huge lawsuits against tobacco firms, are preparing a series of class-action suits against mutual fund companies, charging them with violating their fiduciary duties through excessive fees, FundDirections reports.

Hurricane Katrina, although catastrophic and deadly, has brought about many investment opportunities in the past few weeks, according to the Waco Tribune-Herald.

Hurricane Katrina, although catastrophic and deadly, has brought about many investment opportunities in the past few weeks, according to the Waco Tribune-Herald.

Actively managed exchange-traded funds that seek to continue to give similar benefits as a traditional ETF are in the works, according to Dow Jones.

Low yields, a spotty corporate market and long-term fixed income outpacing short-term have in the facing of rising interest rates have all contributed to a difficult environment for bond fund managers.

According to new research from TowerGroup, hedge fund assets will increase at a compound annual growth rate of 15% between 2005 and 2008, resulting in overall growth of 75% in hedge fund assets in that time.

A divisive rule that would apply stronger government oversight over hedge funds is to be put into effect by the new chairman of the SEC Christopher Cox, according to The Wall Street Journal.

CHICAGO - Although relief and rebuilding legislation related to Hurricane Katrina dominates Washington's near-term agenda, U.S. Rep. Jerry Weller (R-Ill.) said, growing the economy remains a long-term priority for lawmakers.

We are in the midst of hedge fund scandal; the most recent example would be the crumbling of Bayou Group, the Connecticut-based hedge fund with $400 million under management that is currently under investigation for fraud.