- Money Management Executive
In a surprise move, Securities and Exchange Commission Chairman William Donaldson said late Wednesday that he will step down on June 30 after two and a half years at the helm, prompting President Bush to nominate California Rep. Christopher Cox, a Republican, as his replacement.
June 6 - Money Management Executive
As the nation's largest demographic enters retirement in the coming years, the financial services industry will likely be presented with incredible opportunities to meet their investing needs.
June 6 - Money Management Executive
Sometimes, the grass truly is greener.
June 6 - Money Management Executive
Northern Trust Taps Jacobs To Guide Product Strategy
June 6 - Money Management Executive
The Charles Schwab Corp. of San Francisco is on a crusade and hoping to find just the right large-cap growth manager to adopt. The goal? To round out the newest of its proprietary mutual fund families, the Laudus Funds group, which now includes 14 sub-advised Laudus Rosenberg funds that are predominantly managed in Orinda, Calif.
June 6 - Money Management Executive
Marsh & McLennan, a global professional services provider, announced it has no intent to sell its money management unit Putnam Investments, Reuters reports. The announcement should relax speculation regarding the possibility that the company would spin Putnam off, which was provoked by a recent report in which MMC considered the sale of Putman as the result of an internal review.
June 3 - Money Management Executive
Fidelity Investments has taken another measure to keep in step with the competition on the price front. The firm has lowered its bond fund fees between five and 20 basis points in a bid to get more investors and advisers to invest in fixed-income mutual funds.
June 3 - Money Management Executive
Paul Schott Stevens, president of the Investment Company Institute (ICI), warmly greeted the nomination of Rep. Christopher Cox nomination the new Chairman of the Securities and the Exchange Commission.
June 3 - Money Management Executive
Citigroup is in negotiations with Legg Mason on deal that could result in the sale of the New York bank's asset management business, or perhaps an outright swap in exchange for the Baltimore fund firm's 1,540-person brokerage unit.
June 3 - Money Management Executive
The board of Amerindo Funds has replaced founder and CEO Alberto Vilar and President Gary Tanaka because of criminal complaints that have landed the pair in jail, according to an SEC filing. Both are facing charges of stealing millions in investor funds for personal use.
June 3