Money Management Executive Latest News

Standard & Poor's Monday launched a semi-annual fund scorecard on the consistency of top mutual fund performers over three and five consecutive years.

UBS has appointed Warren Woo, the bank's global head of financial sponsors based in the United States, to head a new advisory group aimed at hedge funds, Reuters reports.

Scott A. Christian, a broker at the New York investment management firm Trautman Wasserman and Co. has pleaded guilty to charges of illegal late trading in mutual funds, the office of New York Attorney General Eliot Spitzer announced.

Scott DeSano, Fidelity Investments' high-profile head trader, is now working for the firm's strategic new business development unit.

Fund boards are starting to show their teeth.

NEW YORK - The financial advisory business has reached a tipping point. Gone are the days of low barriers to entry, robust markets and a seemingly endless source of new clients.

As the debate over Social Security reform reaches the boiling point in Washington, the Investment Company Institute and the Employee Benefit Research Institute are urging employers to step up their use of automatic enrollment for 401(k) plans to help shore up the retirement savings of millions of American workers.

TIAA-CREF has taken a significant step that is symbolic for a firm with a long-standing reputation for high governance standards and that will affect the bottom line for many of its retail mutual fund investors.

Genworth Taps Reynolds For New England District

NEW YORK - The global economic cycle has peaked, according to chief investment strategists at Deutsche Bank, and a sideways equity market in the U.S. and Europe is driving the world's smarter money managers to pay greater attention to Asia, as well as "sideline investments" that leverage burgeoning merger and acquisition activity.