- Money Management Executive
WASHINGTON - The very expansion of the hedge fund market is reducing its investing opportunities, and slowly forcing the most cunning hedge fund managers to look to the long term.
July 4 - Money Management Executive
NEW YORK - The monied continued to make money as the number of high-net-worth individuals and their investment assets continued to swell in 2004, according to the annual World Wealth Report released by Merrill Lynch and Capgemini at Merrill's world headquarters on June 9th.
July 4 - Money Management Executive
The National Investment Company Service Association was incorrectly identified in a Wednesday, June 29 news item titled, "Evergreen President Tapped as NICSA Vice Chair." NICSA is the proper name.
July 1 - Money Management Executive
Federated Investors, one the nation's biggest largest money managers, announced plans to acquire three equity mutual funds from AMCORE Financial's family of 11 Vintage Mutual Funds. The three funds, totaling $163.8 million in assets, will be incorporated into the Federated Capital Appreciation and Federated Stock and Bond funds.
July 1 - Money Management Executive
With so many asset managers losing investment management talent to hedge funds, many have struck back by starting hedge fund units of their own.
July 1 - Money Management Executive
John Hancock Financial Services, the Boston-based financial services company, continued its fund adoption strategy by entering into a sub-advisory agreement with high-end Boston-based institutional asset manager GMO. According to the agreement, John Hancock will market eight of GMO's funds in addition to the company's existing line of 32 open-end mutual funds, retaining GMO as sub-advisor.
July 1 - Money Management Executive
New Jersey's Attorney General, Peter C. Harvey , has reached an agreement with American Express Financial Advisors (AEFA) over allegations that the company failed to reasonably supervise its financial advisers. The case involved a New Jersey broker named Arthur Davidson, who stole over $400,000 from at least 22 clients. Davidson has pleaded guilty to charges of theft by deception.
July 1 - Money Management Executive
WASHINGTON - With equity index annuities (EIAs) growing in popularity, particularly through the bank channel, they have again come into the spotlight with securities regulators.
June 30 - Money Management Executive
The Securities and Exchange Commission has sanctioned Raymond L. Braun, former manager of the New York office of Fiserv Securities, for allegedly overseeing what was known as the Fiserv "New York Market Timing Office."
June 30 - Money Management Executive
The Securities and Exchange Commission today voted again to approve the rule requiring mutual funds to have an independent chairman, but not before some explosive fireworks.
June 30