Money Management Executive Latest News

Paul Roye, director of the SEC's division of investment management, recently indicated that clearly defining what can be exchanged between brokers and fund companies through soft dollars will be a priority of the Commission in 2005. Speaking before the Consumer Federation of America, Roye said that this will be a "front-burner" priority, one that will probably be resolved by limiting the definition of "research."

As the oldest bank in the United States, The Bank of New York has seen many changes over the past 220 years. But perhaps none as important as the regulatory changes being ushered into the financial services industry by the Securities and Exchange Commission within the last several months.

Domestic junk bond mutual funds bled $167 million in cash outflows during the one-week period ending Wednesday, Reuters reports.

The mutual fund industry's three-month rally of robust sales tapered off in November when investors withdrew $600 million from domestic stock funds, CBS MarketWatch reports.

Some Wall Street executives have been breathing a sigh of relief that New York Attorney General Eliot Spitzer is going to run for governor. But if he does move on, will that mean a more relaxed stance at the SEC?

Country club memberships. Golf trips to Palm Springs. Weekend jaunts to Las Vegas aboard a private jet. Tickets to the World Series.

The U.S. Federal Reserve Bank's recent streak of interest rate hikes is beginning to pose a drain on stocks, a senior Merrill Lynch official warned, The Globe and Mail reports.

Evergreen Investments and OppenheimerFunds will jointly assume responsibility for State Street subsidiary Schoolhouse Capital’s management of New Mexico’s 529 college savings plan.

Nate Most, who is credited with inventing the first exchange-traded fund, died at his home in San Francisco on Dec. 3. He was 90 years old, IndexUniverse.com reports.

The fast-growing hedge fund industry has overstated its promise to give investors above-average returns and instead concealed often mediocre performances through opaque reporting techniques, The New York Times reports.