Money Management Executive Latest News

NASD announced Monday that James B. Moorehead, a former broker for AmSouth Investment Services Inc., has been barred from the securities industry for life for alleged fraud, forgery, and falsification of documents in connection with variable annuity sales.

Mutual fund manager AIM Investments announced Tuesday it has reshuffled the portfolio management team and investment styles on three of its growth funds in an effort to boost their sagging performance.

Mutual funds specializing in mergers and acquisitions are soaring on a windfall of recent corporate takeovers and buyouts amounting to more than $6 billion of transactions between the beginning of this year and Nov. 9, BusinessWeek Online reports.

U.S. stock mutual funds’ inflows slowed to $7.17 billion in October after gaining $10.22 billion in September, but world bond fund inflows remained stable during the same period, Dow Jones Newswires reports.

Barclays Global Investors, the leading exchange-traded fund provider, is set to rebalance three ETFs to keep the investments in line with modifications planned for three Dow Jones Indexes, CBSMarketWatch reports.

The retail mutual fund market in Germany is poised for a spirited comeback over the next five years, with asset growth likely to be a shade under 8% per year on cautious estimates, Financial Times reports.

Erick Kanter, founder and president of Kanter & Associates and for more than a decade a public relations executive with the Investment Company Institute, died Nov. 23 of a brain aneurysm. His passing away at age 62 was sudden and unexpected, his firm said Monday.

Money managers began accumulating equities and paring back on bonds after President Bush was reelected in November.

Spurred on by the recent success of newly launched exchange-traded funds tracking gold prices, the mutual fund industry is now pondering other commodities-based index investments offering diversified exposure to skyrocketing oil markets, CBSMarketWatch reports.

New launches of closed-end stock funds are beginning to outnumber fixed-income closed-end fixed-income fund offerings, as the Federal Reserve Bank continues to raise interest rates.