Money Management Executive Latest News

XTF Advisors, a firm focused exclusively on providing exchange-traded fund products and services, was launched at 2005 World ETF Summit in New York.

Credit Suisse Asset Management (CSAM) has lowered its total expenses on Credit Suisse Institutional Money Market Fund Portfolio's Class A shares to 10 basis points. CSAM hopes that this move will result in higher yields for the fund's investors, officials said.

Hedge fund managers that plan to register with the Securities and Exchange Commission should first make sure that they fit the new regulatory demands, or risk public humiliation, says SEI Investments.

At a press briefing in midtown Manhattan yesterday, Richard Driehaus, chairman and CIO of Driehaus Capital Management, strongly endorsed the alternative energy sector, an opinion that runs counter to some other leading industry authorities.

Just like oil prices, other energy stocks and the funds that invest in them are on a meteoric rise. The Vanguard Energy Fund, for example, has witnessed its share price rise more than 50% in the past year, as of July 31, according to officials at the Valley Forge, Pa., fund complex. As a result, Vanguard took the unusual step off issuing an investor warning at its Web site.

Standard & Poor's looks favorably on mutual fund distributor T. Rowe Price Group, according to a report from BusinessWeek online. S&P is impressed by its strong competitive advantage, in addition to its robust net customer inflows, cautious expense growth and equity market appreciation.

The Securities and Exchange Commission has approved the proposed plan for the distribution of money to shareholders in its case against Putnam Investment Management.

A former chairman at the Securities and Exchange Commission is trying his hand at the hedge fund business, according to a report in yesterday's New York Times.

As part of its relief package, Congress introduced yesterday a bill that would permit Hurricane Katrina victims to make hardship cash withdrawals or loans from their 401(k)-type plans, even if the provision doesn't currently exist in their plan.

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.