Money Management Executive Latest News

From Sarbanes-Oxley reforms to anti-money laundering rules to the USA PATRIOT Act, the rate of regulatory change within the investment management industry has dramatically increased over the last several years. Mutual fund managers now find themselves dividing their time between meeting the requirements of new laws and maintaining their primary focus of managing and growing assets.

Much as we'd like to move along to something else, we're forced by current events to end the year with yet another discussion of compliance jobs. One year ago, we had Eliot Spitzer to thank for moving the noble profession of compliance professional out of the wings and directly onto center stage. Here we go again.

Fidelity Investments is seen as the top prospective buyer of Bank of America’s tower on 100 Federal St. in Boston, the Boston Herald reports.

America's millionaires showed renewed confidence in the economy last month, according to an index released Wednesday by Spectrem Group, a Chicago consulting firm that specializes in the affluent and retirement markets.

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.

In an effort to cater to investors’ exact targeted time of retirement, Putnam Investments said Friday that it was rolling out nine new lifecycle retirement portfolios, Reuters reports.

An overhaul of the nation’s Social Security plan, one of the big-ticket items of newly reelected President Bush’s second-term agenda, could create a windfall for mutual fund firms specializing in index funds, CBS MarketWatch reports.

Market-timing and late-trading abuses are rare in the European fund industry, according to a recently published report from a group of regulators in Europe.

Fremont Investment Advisors has settled charges of market timing and late trading, the Securities and Exchange Commission and New York Attorney General Eliot Spitzer announced in separate statements Thursday.

A state known for dry but hot weather will soon be equipped with a new branch office from the country’s hottest mutual fund firm, Knight Ridder reports.