Money Management Executive Latest News

Canada's chief securities regulator said late Friday it has suspended the registration of Norshield Asset Management, a unit of a hedge fund group that dropped a bombshell by halting redemptions, Reuters reports

Philadelphia-based Lincoln Financial is launching four new lifestyle funds that allocate risk based on an investor's life circumstances. In other words, the funds base their risk levels and how close an investor might be to reaching their retirement goals.

Assets in equity mutual funds climbed higher in April as net flows totaled $18 billion, $3.5 billion greater than in March, on the strength of new money heading into international funds, according to a report released on Monday by fund tracking firm Lipper.

Nearly nine out of 10 major financial firms has made serving the upcoming Baby Boomer retirement boon their No. 1 priority, a new report from Financial Research Corp. shows.

Democratic National Committee Chairman and former presidential candidate Howard Dean says his party won't come to the table to discuss Social Security reform unless President Bush removes his controversial private accounts from debate.

Fidelity Management & Research's stake in German-based SolarWorld reached 5.39%, the solar energy company said on Friday.

William Donaldson, Republican chairman of the Securities and Exchange Commission, is defending his record for breaking down political divisions and obtaining unanimous votes among its commissioners.

Pittsburgh-based Mellon Financial announced on Friday that its Payments Solution and Investor Services unit would administer the middle and back office for the managed accounts business of Clover Capital Management.

It's not Red Sox versus Yankees quite yet, but the rivalry between the New York Stock Exchange and the Nasdaq is expected to heat up in the coming year.

The board of RS Investment Trust didn't know that Edward Stern's now-defunct hedge fund Canary Capital Partners was engaging in late trading in one of its mutual funds, the co-chairman of RS Investment testified Thursday in the criminal trial of the former Bank of America broker, who allegedly facilitated the trades.