Money Management Executive Latest News

Robert Manning took the helm of the nation's oldest fund shop during its darkest hour, but five months removed from its monumental settlement with regulators, it's time to refocus on performance, he said.

The noise surrounding hedge fund registration grew to a thunderous clap last week, as Congress heard testimony from several industry professionals and government officials on the merits of such a groundbreaking move.

Just when the mutual fund scandal seemed to be offering little in the way of new twists and turns, the plot thickens.

In a recent letter to SEC Chairman William Donaldson, House Financial Services Committee Chairman Michael Oxley (R-Ohio) urged the chief securities regulator to consider revamping the structure of 529 plans. Oxley said he is particularly concerned with "the lack of consistent transparency of fees and performance, the oversight of the plans and reports that high fees may effectively eliminate the plans' tax benefits."

Integrity Names Kamies, Norris Marketing Directors

MFS Investment Management's 529 plans have eclipsed the $1 billion plateau, the company announced, thanks to what it calls "a wide range of investment choices, gifting and estate tax benefits, and MFS investment management expertise."

With an unprecedented interest rate environment and last year's bullishness gone, Putnam Investments will seek out micro opportunities in the market, according to Jeffrey Knight, managing director and co-head of the firm's capital markets committee.

If you can't join em, beat em! That's the seemingly backward battle cry from Irving Straus, the chairman of Straus Corporate Communications of New York.

Janus Capital Group Inc. has hired John H. Bluher, 46, to be a senior vice president and its general counsel and chief public affairs officer, starting Aug. 23.

Just one week after suffering outflows of $170 billion, U.S. equity mutual funds added $874 million in the week ended July 21, according to research firm AMG Data Services.