- Money Management Executive
Schroders will establish a fund management joint venture in China with two mainland partners, the British asset manager said on Friday.
June 13 - Money Management Executive
Munder Capital Management has been appointed to manage the $100 million Amerindo Technology D Fund, whose previous managers were jailed on charges they misappropriated a client's funds, Munder Capital said in a regulatory filing last Monday.
June 13 - Money Management Executive
The NASD announced last Wednesday it has fined 15 broker/dealers more than $34 million in total for directing brokerage in exchange for preferential treatment for certain mutual fund companies.
June 13 - Money Management Executive
While President Bush's nominee to replace outgoing SEC Chairman William Donaldson is likely to bring a free-market, libertarian spirit to the post, don't expect him to charge in like a bull in a china shop.
June 13 - Money Management Executive
Former Bank of America broker Theodore C. Sihpol III was acquitted last Thursday of 29 criminal charges, including seven counts of grand larceny, for allegedly helping a hedge fund make illegal late trades after the closing bell.
June 13 - Money Management Executive
Despite heading into the usually slower summer months, the separately managed account industry is buzzing with activity.
June 13 - Money Management Executive
As if the American International Group (AIG) case was not complicated enough, a deal cut with Joseph H. Umansky may further complicate cases being brought forth by the Justice Department and the Securities and Exchange Commission, The New York Times reports.
June 13 - Money Management Executive
Karen Fang, Thomas Bruch Join AIG Financial Products
June 13 - Money Management Executive
Despite a sudden turnover in its leadership ranks, reports of a looming budget crisis and new criticisms that it is failing in its mission to police the mutual fund industry, Securities and Exchange Commission Director Lori A. Richards is defending the regulator's record and claims that it's stronger, smarter and more nimble than it was 21 months ago.
June 13 - Money Management Executive
* Focused routine examination on high-risk firms and increased examination frequency from once every five years to once every two or three years (prior to 1998, examinations were as infrequent as once every 12 years to 24 years
June 13