- Money Management Executive
Growth stocks outperformed value stocks in May at every capitalization tier, according to the Russell Investment Group's family of U.S. equity indexes. At the end of May, the large-cap Russell 1000 Growth Index, with returns of 4.84%, beat the Russell 1000 Value Index, which returned 2.41%.
June 2 - Money Management Executive
Hedge funds are on the rise and making it into the mainstream, according to the latest survey from the Hennessee Hedge Fund Advisory Group. The 11th annual Hennessee Hedge Fund Manager Survey found that hedge fund assets have soared 27% in just one year, from $795 billion to more than $1 trillion.
June 2 - Money Management Executive
The Securities and Exchange Commission has settled charges of fraud against two Citigroup subsidiaries, related to the use of an affiliated transfer agent that had been serving the Smith Barney mutual funds. The company has consented to the order without admitted to or denying the charges, and is set to pay $128 million in disgorgement and interest and $80 million in penalties.
June 2 - Money Management Executive
San Francisco-based Wells Fargo & Co. said Wednesday it would offer new low- and no-cost online stock and mutual fund commissions for WellsTrade, its brokerage account for self-directed investors, according to The Associated Press.
June 2 - Money Management Executive
As Ameritrade and its rival, T.D. Waterhouse, a unit of Canada's Toronto Dominion Bank, engage in talks about a possible merger, another online brokerage is looking to get a piece of the action, Dow Jones reports.
June 2 - 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, prompting President Bush to nominate California Republican Christopher Cox as his replacement, according to published reports.
June 2 - Money Management Executive
Russell Investment Group, a subsidiary of Tacoma, Wash.-based Northwestern Mutual, will add a new microcap index to its family of U.S. equity benchmarks after an annual reconstitution of indexes scheduled for June 24.
June 1 - Money Management Executive
TD Bank Financial Group and Ameritrade Holding Corp. are in discussions about a potential transaction involving TD Waterhouse USA.
June 1 - Money Management Executive
The former chief executive of Waddell & Reed will leave the mutual fund firm with more than $14 million in stock, cash and benefits, a Kansas City Star report reveals through documents it obtained from a Securities and Exchange Commission filing.
June 1 - Money Management Executive
Sometimes, the grass truly is greener.
June 1