- Money Management Executive
The wave of scandals that has plagued the mutual fund industry in recent times has not eroded investors' trust, says Jack Brennan, chairman and chief executive of The Vanguard Group. Brennan, who was in Charlotte, N.C., this week meeting with Vanguard's 1,300 employees who operate a call center there, spoke to The Charlotte Observer..
January 14 - Money Management Executive
Growth Fund of America, the flagship investment at Capital Research Group, gained $30 billion of new assets last year to become the largest actively traded U.S. stock fund, CBS MarketWatch reports.
January 14 - Money Management Executive
Self-employed individuals are the latest group to be targeted by several asset management companies, which are providing them with individual 401(k)s, or solo 401(k)s, The Wall Street Journal reports.
January 14 - Money Management Executive
As they gear up for retirement, Baby Boomers may have to wait until the end of the decade to see Social Security privatized, a recent Delphi study by Diversified Investment Advisors concludes. But regardless of if and when Social Security is privatized, the study's panel of experts predicts significant changes in the way the retirement plan business will be run in the second half of the decade.
January 13 - Money Management Executive
Amid a falling dollar and a cloudy investment environment, domestic equity funds will return modest gains between two and 10%, according to Lipper.
January 13 - Money Management Executive
The US Chamber of Commerce is considering joining the brewing battle to prevent hedge funds from registering with the SEC, Investors Offshore reports.
January 13 - Money Management Executive
The dog-eat-dog asset management business is undergoing changes in the way investment professionals court new business and retain customers, according to a newly published study by kasina.
January 13 - Money Management Executive
Securities regulators issued a $400,000 fine to Banc One Securities Wednesday for falling short of its responsibilities to crack down on repeated late trades for mutual funds and maintain adequate records of trading times.
January 13 - Money Management Executive
Janus Capital Group eked out a 1.2% increase last month in its overall assets, with gross sales of the firm's long-term investments rising more than 35% in December, Reuters reports.
January 12 - Money Management Executive
Exchange-traded funds had a banner year in 2004 in which the nascent investment classs grew by a staggering 47% to $222 billion, according to Morningstar.
January 12