Money Management Executive Latest News

It's the old "good news, bad news" scenario when it comes to dealing with escalating interest rates. Investors have two choices and pros and cons come with both, according to TheStreet.com.

While the Pennsylvania State Employees' Retirement System decided to stick a toe in the hedge-fund waters in 1999, CIO Peter Gilbert had been championing the cause for two years prior. There were only a handful of institutions in the large private capital pools, which were controlled by the wealthy at the time, according to BusinessWeek Online

The two dangers an investor faces is the way one calculates fund returns and who earned them

According to an article in Reuters, a lawyer from the NASD, announced on Wednesday that the NASD is going to work harder to identify solicitation of hedge funds to retail investors.

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.

Dan S. Ahrens, 39, the omnipresent manager of the successful $48 million Vice Fund, which invests in so-called "sin stocks" has abruptly bolted from his job as sole portfolio manager, and president and treasurer, of the fund's Dallas-based investment adviser, Mutual Advisors. He has also been managing a second, smaller fund for the firm.

By many accounts, XBRL technology will be the must-have financial reporting technology of the future. But if that prognostication is true, it's still news to many firms that offer public securities and file financial reports. It's even more remote to companies that advise public mutual funds, despite the urging of regulators to dive into XBRL filings.

The surprising persistence of fraud within the financial services industry - most recently underscored by the $100 million authorities said is missing from the Connecticut hedge fund manager Bayou Management - is causing a new operational demand among many firms. And it's not just for forensic accountants, but also for full-fledged private investigators.

In a time when nothing is moving and the inertia of opposing forces has left the markets relatively stagnant, patience is a virtue.

With the nation's attention now focused on rebuilding New Orleans and other Gulf Coast cities devastated by Hurricane Katrina, common sense would say that a pair of key mutual fund industry issues that were front-burner topics before Congress broke for the summer won't get much attention now that lawmakers are back to work.