Money Management Executive Latest News

Janus Capital Group next year will launch three mutual funds in hopes of maintaining its position as an equity growth powerhouse, Reuters reports.

Dow Jones agreed Sunday to acquire the financial news Web site known as CBS.MarketWatch.com and its corporate parent, MarketWatch Inc, for $520 million, CBS.MarketWatch.com reported.

The Barron Asset, Matthews Asian and Rainier Investment funds respectively topped a list rating mutual fund families for exercising fiduciary responsibility, the Pittsburgh Post-Gazette reports.

Putnam Investments announced Monday that it will lay off approximately 100 people across all areas of the company, "to improve the operating efficiency of Putnam," Chief Executive Officer Charles Haldeman said in a statement.

Merrill Lynch will become the first foreign institution to list a mutual fund on China’s exchanges as it begins selling its latest investment product to domestic investors this week, Reuters reports.

Amid growing rumors that SEC Chairman William Donaldson may not reach end of term in 2007, prominent business groups are pressuring the Bush administration to weaken the Security and Exchange Commission’s ability to censure wayward financial service companies, The Associated Press reports.

ORLANDO -- Transfer agents are coping with an increasingly difficult recruiting environment these days, as evolving demographic trends have forced them to change the way they approach their service models.

ORLANDO -- A number of new regulatory developments have imposed a hefty burden on the back-office and operations personnel employed by most mutual funds, prompting an industry-wide discussion of how to address trouble spots and adapt to a rapidly changing compliance landscape.

Just weeks after hammering out final settlements with state and federal securities regulators at both its AIM Investments and Invesco Funds Group affiliate, AIM is back to business as usual, the business of branding, that is.

While investors have improved their confidence in the securities industry since last year, they still have not completely embraced the idea that everything is back to normal, an annual Securities Industry Association survey found.