Money Management Executive Latest News

CHICAGO--During a star-studded Morningstar investment conference panel, investor advocate Mercer Bullard called for a complete overhaul of the way fund companies conduct business, while Bob Pozen and Ed Haldeman warned of the unintended consequences of overzealous regulation.

The transition of Federated Investors, Inc.’s mutual fund transfer agency to Boston Financial Data Services is now complete, the companies announced this week

China took an important step this week toward developing a free market for investment sales by eliminating several key fundamental restrictions governing its mutual fund industry, Dow Jones Newswires reports.

It is an issue that will not go away. Hedge funds are in need of regulation, Securities and Exchange Commission Chairman William Donaldson said again this week, promising to call for a vote in two weeks on whether hedge funds should be required to register as investment advisers, much in the manner that mutual funds must, the Associated Press reports.

A New York Life Investment Management mutual fund may have guaranteed a bit too much to investors according to the Securities and Exchange Commission’s guidelines, the Associated Press reports.

Investors do not understand the significant blow bond values take when interest rates are raised, a recent survey shows.

It is an issue that will not go away. Hedge funds are in need of regulation, Securities and Exchange Commission Chairman William Donaldson said again this week, promising to call for a vote in two weeks on whether hedge funds should be required to register as investment advisers, much in the manner that mutual funds must, the Associated Press reports.

Bank One Corp. is looking for closure on charges filed by securities regulators that it facilitated improper mutual fund trades for a number of hedge funds by paying a $90 million settlement.

Janus Capital Group has signed a deal to sell the private client asset management unit of its Bay Isle Financial subsidiary to First Republic Bank.

Equity mutual funds that pay dividends are making a comeback among investors who were burned by technology companies and other types of fast-growing stocks that focused mainly on generating profits, the Associated Press reports.