- Money Management Executive
Hedge funds promising dazzling performance are gradually falling out of favor among wealthy investors who are increasingly wary of these unregulated investments, The Wall Street Journal reports.
February 2 - Money Management Executive
President Bush's efforts to privatize the Social Security system drew sharp criticism from New York Attorney General Eliot Spitzer, Reuters reports.
February 2 - Money Management Executive
Fidelity Investments Tuesday announced it has expanded its retail brokerage services by adding new independent research and providing access to more analyst performance data, Reuters reports.
February 2 - Money Management Executive
Investment manager BlackRock announced on Monday it had completed its $375 million acquisition of State Street Research from MetLife. Boston-based SSRM is the parent company of State Street Research & Management Co. and SSR Realty Advisors.
February 1 - Money Management Executive
The board of directors for the $490 million Dreyfus High Yield Strategies Fund approved the appointment of Jon Uhrig and John McNichols as the new portfolio managers, effective Jan. 31.
February 1 - Money Management Executive
Congressional Democrats from Massachusetts, a state that many leading money management firms call home, are unifying in opposition to the Bush Administration's proposal to route a portion of Social Security into mutual funds.
February 1 - Money Management Executive
The Securities and Exchange Commission is drafting a proposal that would offer mutual fund investors more information on how much their funds spend to buy and sell securities, The Wall Street Journal reports.
February 1 - Money Management Executive
Marsh & McLennan agreed to an $850 million settlement with New York Attorney General Eliot Spitzer to resolve allegations that the firm participated in a widespread insurance scam that involved rigging bids and paying off brokers, Spitzer's office announced Monday.
February 1 - Money Management Executive
The Strong Funds moniker will soon be added to the scrap heap of discarded financial service firm brands next quarter after Wells Fargo fully incorporates the assets it acquired last year from Strong Financial Corp. Wells Fargo officials are now working to integrate the Strong Funds into a proprietary family that will soon be known as Wells Fargo Advantage funds. The combined family will boast roughly 120 funds and $100 billion of assets.
January 31 - Money Management Executive
A mutual fund that pays a brokerage firm to be on the firm's preferred group of investments list may receive up to 10 times the amount of money as a fund not listed with the brokerage firm, according to new research from Cerulli Associates.
January 31