Money Management Executive Latest News

The whistleblower who helped take down Putnam Investments for alleged mutual fund trading abuses is suing the Massachusetts Attorney General in an attempt to secure a bounty for his role in exposing the scandal.

Ernst & Young announced last week it has formed a new, specialized tax practice to serve mutual funds, hedge funds and private equity firms.

Higher compliance costs and sluggish industry growth are contributing to a recent resurgence in merger and acquisition activity among smaller mutual fund companies, according to senior members of the $8.1 trillion industry.

Former SEC Chair Levitt Will Advise AIG's Board

NEW YORK - Financial advisers and brokers need to partner with carriers, Congress and regulators to provide appropriately tailored retirement solutions, inclusive of annuities, for the nation's 77 million Boomers.

NEW YORK --Financial advisers and brokers need to partner with carriers, Congress and regulators to provide appropriately tailored retirement solutions, inclusive of annuities, for the nation's 77 million Boomers.

Following news of the terrorist bombings in London , hedge fund managers jumped into the financial fray, placing bets on vulnerable sectors such as retail, travel and transportation. However, the quick recovery of the markets may have negated the efficacy of short-selling, even by the end of the day, CNN/Money reports.

Janus Capital Group is considering using hedge funds to help balance its product offerings, its new chief financial officer said.

The courtroom saga of former Bank of America broker Theodore Sihpol is not yet over, as New York State Attorney General Eliot Spitzer will pursue four unresolved counts. Sihpol is set to return to court for trial on August 22, with a pre-trial hearing slated for the 15th, Bloomberg reports.

Thursday morning's series of blasts targeting public transportation during London 's rush hour has set the world at high alert for terrorism and had an immediate impact on markets, but the long-term effect is likely to be negligible, some experts say.