- Money Management Executive
OppenheimerFunds announced Monday its 529 business has reached $1 billion in assets under management, citing its customization features, competitive expense ratios and solid investment performance.
June 21 - Money Management Executive
MFS Investment Management Chairman Robert C. Pozen doesn't think hedge funds require any additional regulation beyond the recent requirement to register their advisors with the Securities and Exchange Commission.
June 21 - Money Management Executive
Pacific Investment Management Co. (PIMCO) said in a regulatory filing with the Securities and Exchange Commission last week that it has launched three new mutual funds.
June 21 - Money Management Executive
Fund manager T. Rowe Price Associates said recently that it has expanded its lineup of target-date retirement funds to 10, as assets in those funds have risen tenfold since 2003, eclipsing the $5 billion mark.
June 21 - Money Management Executive
Fidelity Investments and the Arizona Commission for Postsecondary Education will bring their unique, tax-advantaged 529 plan to families saving for college nationwide.
June 20 - Money Management Executive
The Securities and Exchange Commission is planning to conduct a policy change with regards to requesting e-mail from investment advisors and mutual funds. The watchdogs will now request managers of specific business units to produce email, as opposed to requesting the e-mail history of an entire organization, according to data tracked by Compliance Reporter.
June 20 - Money Management Executive
Two weeks after being hired as the new CEO of MassMutual Financial, Stuart "Stu" Reese is rolling up his sleeves to bring back positive publicity for the insurance giant. Reese announced the formation of an Office of the CEO that will include himself and the next four highest raking officers in the company, The Boston Herald reports.
June 20 - Money Management Executive
Attorneys representing mutual funds argued in a Baltimore federal court last Thursday to dismiss a bundle of civil lawsuits relating to the alleged favoring of wealthy customers that bilked long-term shareholders, the Associated Press reports.
June 20 - Money Management Executive
John Levin, the embattled chairman and CEO of BKF Capital Group, told shareholders that activist hedge funds seeking to oust him from the board of his asset management firm seek to sabotage long-term growth plans, the New York Post reports.
June 20 - Money Management Executive
OppenheimerFunds is planning to launch a new international diversified fund that will invest primarily in other Oppenheimer international funds, the company said in a recent filing with the Securities and Exchange Commission.
June 20