Money Management Executive Latest News

The $2 billion Marin Capital, a convertible bond hedge fund management firm based in San Rafael, Calif., is no more.

First-place honors in this years fund operations awards, hosted by SourceMedia and presented by Money Management Executive, will be publicly announced in the Monday edition of MME, the newsweekly devoted to insight and strategies in the investment management industry.

The Hartford Financial Services Group on Tuesday launched the latest installment of its Plan for Life Series, an investment education program designed to help companies that offer 401(k) plans better inform employees on the key aspects of retirement planning and drive greater plan participation.

Individual investors are warming up to a breed of investment vehicle long favored by institutions and the ultra-rich.

Peter Scannell, a whistleblower that cost Putnam Investments $193.5 million in state and federal settlement charges for alleged market timing, on Tuesday, was denied a $15 million reward sought by the former call-center operator in Quincy, Massachusetts, the Boston Herald reports.

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.

The editors of Money Management Executive would like to hear from our readers on the acquittal of former Bank of America broker Theodore C. Sihpol III in what was the biggest criminal case brought against an individual for alleged abuse of mutual fund trading practices.

Pershing, the clearing firm controlled by The Bank of New York, on Tuesday said that it has begun providing broker-dealer and independent registered investment advisor customers with access to specialized research metrics on more than 5,000 stocks worldwide.

Top discount brokerage Charles Schwab on Tuesday said customer stock trading dropped 7% in May from April, as low market volatility dissuaded clients from trading.

The mutual fund industry outsourcing experts BISYS Group indicated yesterday that it has received a "consent and waiver" from its lenders, which essentially gives the New York-based firm a little breathing room on a credit default.