Money Management Executive Latest News

At the Lipper Fund Awards in New York on Monday, First American Funds and Principal Financial Group were named best overall mutual fund families for 2005.

Janus Capital Group said on Monday that it had named Robert Parry to its board of directors, effective March 18.

As New York Attorney General Eliot Spitzer readies up to run as a Democrat for New York State Governor next year, the back-and-forth between his camp and that of Republican Governor George Pataki is heating up, the Associated Press reports.

Money Management Executive and Source Media are accepting nominations for the third annual Fund Operations Awards.

Clark Inc., an employee compensation and benefits consultant, received a subpoena from New York Attorney General Eliot Spitzer's office on Friday in connection with the sale of its retirement products, according to the Chicago Tribune.

Canadian mutual funds may not be out of the woods just yet.

As a federally mandated registration deadline nears, many hedge fund managers are considering longer lock-up periods to elude the regulation, a recent report from Reuters indicates.

A private-equity consortium led by San Francisco-based Silver Lake Partners is in talks to buy SunGard Data Systems for as much as $10 billion, a move that would mark one of the biggest leveraged buyouts since the RJR Nabisco takeover, the New York Post reports.

State Street Corp. said on Thursday that it paid Chief Executive Officer Ronald Logue a $2.8 million bonus for 2004, raising his total compensation to $6 million, Reuters reports.

Alliance Capital Management Holding and Alliance Capital Management have entered into settlement discussions with the National Association of Securities Dealers about previous sales practices and disclosures concerning directed-brokerage commissions in Alliance Capital's mutual fund distribution unit.