Money Management Executive Latest News

Do larger funds groups have bigger headaches? If you work for a larger fund complex, chances are your concerns are oversized these days.

* As of 9/30/03, the SEC had 3,208 employees in 18 Washington, and 11 regional offices.

Bear market mutual funds managed by Rydex Investments and ProFunds are clawing their way into the ranks of top-performing mutual funds, TheStreet.com reports.

Piper Jaffray & Co. announced it has promoted Scott LaRue to head of consumer mergers and acquisitions.

Cohen & Steers is set to be the largest money manager to complete an initial public offering in nearly five years, CBS MarketWatch reports.

Edward Strafaci, a former senior trader with Lipper Holdings, faces up to 10 years in prison for defrauding investors by overstating the values of at least two hedge funds

Many highly touted growth funds have fallen into a rut in the last month and have raised concerns among industry experts by underperforming Standard & Poor’s 500 Index, USA Today reports.

While small-time investors are able to invest more often and safely, some caveats in mutual fund regulations have prevented them from maximizing their returns, according to a Milken Institute Review article.

Shareholders will garner more power thanks to a pending Securities and Exchange Commission proposal, but as the commissioners get closer to a final decision, a compromise that makes everyone happy – or sort of happy – seems imminent, The Wall Street Journal reports.

Principal Financial Group has announced a turnkey savings tool to help employees boost retirement savings, and separately Fitch Ratings affirmed its debt ratings.