Money Management Executive Latest News

The Securities and Exchange Commission is headed in the right direction with mutual fund board governance, according to several former commissioners of the SEC. Five of them met to discuss various issues at the Security and Exchange Commission Historical Society.

Mutual funds and hedge funds will grow more alike as mutual fund managers increasingly adopt investment management techniques currently used in hedge funds, the chief investment officer for UBS Global Asset Management told the Toronto Society of Financial Analysts, according to Toronto’s Globe and Mail.

Efforts to coax younger workers into their 401(k) plans are coming up drastically short, according to new studies showing that fewer than half of all eligible workers in their 20's participate in voluntary company retirement plans, the Associated Press reports.

Employees of the recently purchased Strong Financial will get to share in on the sale’s proceeds if they stick around a bit longer and ease the transition, company founder Richard Strong has promised, The Milwaukee Journal Sentinel reports.

Instead of focusing on mutual fund picking, people investing for retirement should just make sure they stay with a 401(k) savings plan, Reuters reports.

Investment management firm TIAA-CREF Wednesday released an eight-principle plan that it said investment companies "should aspire to conform to, and which we intend to apply to other companies’ funds that we offer to our customers."

While the merger between Bank of America and Fleet brought together two banking giants, the companies’ maligned mutual fund wings have not exactly felt an early flourish, The Boston Globe reports.

The inventor of a popular Reagan-era economic principle is now a mutual fund manager at Huntington Bank.

While it is a mutual fund cliché that future results cannot be predicted by past performances, a new Morningstar study pounds the point home with a large wooden stick, according to Reuters.

It’s official. Paul Schott Stevens officially took over as Investment Company Institute president Tuesday, succeeding Matthew P. Fink.