Money Management Executive Latest News

Just when the mutual fund industry was ready for a breather from 20 months of intense regulatory scrutiny and costly new compliance measures, along comes Danny Black.

The bout over performance reporting for separately managed accounts has reached a fever pitch.

Amid growing allegations of fund advisory personnel accepting lavish gifts, parties and even midgets, it's refreshing to see a new entrant to the fund industry promising to donate dollars to charities.

A pair of high-ranking mutual fund executives have settled allegations that they permitted market timing and will pay a total of $225,000 in civil penalties.

House and Senate Republicans have a new proposal that could help make President Bush's Social Security reform package, including its controversial personal accounts, a reality, one prominent Beltway insider contends.

A judge has dismissed an attempt by MassMutual Financial Group to nullify a subpoena from Massachusetts Secretary of State William Galvin that sought information on the insurance firm's firing of CEO Robert O'Connell.

Employer-sponsored retirement funds could be an effective avenue into the world of investing for many African-Americans, who have historically lagged behind their Caucasian counterparts in stock market participation, the eighth annual Ariel-Schwab Black Investor Survey indicates.

Like it or not, prospective clients expect you to have a good Web site. Just like a business card or brochure, a top-notch Web site, be it for a financial adviser or fund company, shows that you're a serious professional. A good site's high-tech flexibility offers you myriad options for low-cost marketing and client-communication "touches."

Kevin F. Granger has joined hedge fund Leading Edge Investment Advisors (LEIA) as senior vice president and director of research. Granger, who is also founder and CEO of Anira Advisory Group (AAG), another hedge fund, will continue in that capacity.

American Express Financial Advisors (soon to be Ameriprise Financial) has hired two executives to manage sales for the company's American Express-branded products. The company has named Jeff McGregor vice president and national sales manager for inside product distribution; and Marty Griffin as vice president and general manager of outside product distribution.