Money Management Executive Latest News

In the final hours of Legg Mason Value Trust's struggle to maintain its lengthy winning streak against the Standard & Poor's 500, a new and lesser-known portfolio manager may emerge as Wall Street's king of steadfast performance, CBS MarketWatch reports.

Looking back on 2004, NASD announced it had collected $102 million in fines, filed 1,360 enforcement actions and barred or suspended 830 people.

Regulators are turning their attention toward J.P. Morgan Chase for its role in facilitating improper trades by Canary Capital Partners, the New York-based hedge fund that touched off the far-reaching late-trading and market-timing mutual fund scandals, The Wall Street Journal reports.

The Bridgeway Ultra-Small Company Fund appears ready to end 2004 as the fund with the best-performing 10-year performance record.

Mutual funds had stronger net inflows in November than in the month before or the year earlier, Financial Research Corp. has reported.

A recent media campaign assailing other broker/dealers for improper conduct has come back to bite Edward D. Jones & Co., The Wall Street Journal reports.

Investment professionals are already looking forward to a halo-effect of strong market performance beginning on the first trading days of 2005 and possibly extending into February, the Associated Press reports.

Securities regulators have included orders for Edward Jones to hire a fair-mined managing director by 2005 within their $75 million late-trading, revenue-sharing settlement with the firm, the St. Louis Post-Dispatch reports.

Adviser confidence declined in December, according to Monday's Advisor Confidence Index from AdvisorBenchmarking.

In step with entertainment columnists making their predictions for 2005, Morningstar Analyst Gregg Wolper has a few of his own: