Money Management Executive Latest News

Birmingham, Mich.-based Munder Capital has launched a hybrid equity mutual fund that targets investment opportunities that span both small- and mid-capitalization companies.

For all of the backlash that President Bush's idea for including private accounts in Social Security reform has caused in recent months, it would seem the average American isn't sold on the proposal - unless, of course, you listen to folks inside the White House.

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.

Convertibles have been looking a bit shabby lately, but they could be mounting a comeback.

Legg Mason's deal with Citigroup is a savvy business move, according to Morningstar analyst Rachel Barnard.

Akron, Ohio-based Oak Associates has launched a new fund that invests primarily in equity securities of small-cap companies based on their growth potential.

The $1 trillion hedge fund industry is poised for a period of consolidation and slowed growth over the next three years as waning performance and large inflows will drive down fees, accounting firm KPMG and U.K. think tank Create said on Monday, Forbes.com reports.

Peter Scannell, the whistleblower who helped take down Putnam Investments, for alleged mutual fund trading abuses, on Monday filed a lawsuit against the Massachusetts Attorney General and the state itself seeking a bounty for his role in uncovering the scandal.

It appears that Amerindo Investment Advisors founder Alberto Vilar may have violated the terms of his recent bail agreement, which was reached after the onetime mutual fund superstar spent three weeks in jail on fraud charges, according to a July 3 report from the New York Post.

Separate account managers have seen a rise in tax-loss harvesting activity over the past three years, according to recently published research from the Money Management Institute and Financial Research Corporation.