- Money Management Executive
Amerindo Investment Advisors founder Alberto Vilar has pleaded not guilty to charges of misusing an investor's money, but as of yesterday afternoon the high-profile industry executive and philanthropist remained jailed because he's unable to raise bail.
June 15 - Money Management Executive
NASD said on Monday that it has charged Scott W. Ryan and his firm, Ryan & Company, with engaging in an impermissible short-selling scheme on behalf of three hedge fund clients.
June 14 - Money Management Executive
Morgan Stanley Chief Executive Philip Purcell announced his retirement on Monday, answering to repeated calls for his ouster from investors who have become disenchanted with the firm following a mass departure of key staff and an eroding share price, Reuters reports.
June 14 - Money Management Executive
If the latest shakeup at MassMutual reveals anything about the corporate power game, it's that it still pays to sit in the C-Suite.
June 14 - Money Management Executive
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, The Wall Street Journal reports.
June 14 - Money Management Executive
Insurance giant Marsh & McLennan has quieted rumors that it was planning to spin off one of its major business units, including fund manager Putnam Investments.
June 14 - Money Management Executive
Newly launched gold-based exchange traded funds have spurred demand for the yellow metal and kept prices high, the head of the world's fifth largest gold miner said on Thursday, Reuters reports.
June 13 - Money Management Executive
Newly launched gold-based exchange traded funds have spurred demand for the yellow metal and kept prices high, the head of the world's fifth largest gold miner said on Thursday, Reuters reports.
June 13 - Money Management Executive
Electronic brokerage firm Instinet on Thursday turned down a bid by Third Avenue Management to buy Instinet's institutional brokerage arm, citing the more attractive prospect of its pending merger with the Nasdaq Stock Market, Reuters reports.
June 13 - Money Management Executive
The Vanguard Group said on Friday that is making a new equity "fund of funds" available to investors and that its Admiral share class is now available for its $9 billion Inflation-Protected Securities Fund.
June 13