Money Management Executive Latest News

As Wall Street continues to stabilize after a prolonged bear market and the mutual fund scandal remains top-of-mind among industry executives, the scrutiny behind selecting a portfolio manager has heightened, as has the popularity of the professionals tasked with making such decisions.

Funds sporting religious names may not always answer to a higher power.

While Amerindo Investment Advisors founder and CEO Alberto Vilar anxiously awaits his next day in court, all indications are that his struggling Amerindo Technology fund is gasping its last breaths.

Insurance giant Marsh & McLennan quieted rumors that it was planning to spin off one of its major business units, including fund manager Putnam Investments.

Fidelity Investments, the nation's third-largest mutual fund complex, has embarked on a hiring initiative that would create career stock-analyst posts to oversee its research department.

Purcell Set to Retire Amid Intense Scrutiny

WELLESLEY, Mass. - JPMorgan Funds, Envision Financial Systems and PFPC Worldwide took top honors in SourceMedia's 2005 Fund Operations Awards. Now in its third year, the awards program is sponsored by Money Management Executive, judged by a panel of leading industry consultants and presented annually at the National Investment Company Services Association (NICSA) general membership meeting. As in the past, MME honored industry leaders in three categories: Leadership, Innovation and Efficiencies/Streamlining.

Marsh & McLennan's chief of Global Consumer and Commercial Business John Chippindale is the eighth casualty in the ongoing executive exodus from the investment services giant, in Chippindale's case, to insurance broker Integro, the New York Post reports.

This week was probably not this year's best for MassMutual Financial Group's former chief executive Robert J. O'Connell.

Benefits manager GuideStone Financial Resources has decided to offer online retirement planning advice and guidance solutions from Morningstar Associates, the registered investment advisory unit of Chicago-based fund tracker Morningstar Inc. Terms of the agreement were not disclosed.