Money Management Executive Latest News

Kimberly Campbell, portfolio manager of the Columbia Managed Municipals Fund and the Columbia Tax-Exempt Fund, and Kurt Havnaer, who heads up the Columbia High-Yield Fund, are both back on the job, even as their co-worker Christopher Legallet, who went on leave at the same time as them, remains out of the office, Dow Jones reports.

April showers are supposed to bring May flowers, but for bond funds, a poor April performance may just be a springboard to a yearlong outflow.

Retirement income is key for future success for variable annuity issuers, according to the quarterly outlook from Ernst & Young's Actuarial Advisory Services practice.

American International Group Inc. named a Merrill Lynch & Co. executive, Jacob A. Frenkel, as its executive vice chairman Monday. Frenkel, who joined Merrill in January 2000, will also chair AIG's global economic strategies group.

Reforms as a result of the fund scandal are likely to cost mutual fund companies billions of dollars in revenue, two Merrill Lynch predict, Reuters reports. Firms will see their profits fall as they abandon soft dollars and directed brokerage, lower fees and beef up compliance to meet new SEC requirements, analysts Guy Moszkowski and Cynthia Mayer wrote in a report issued Tuesday.

NASD Tuesday announced a $10 million project to be run by its not-for-profit Investor Education Foundation to better educate investors on financial markets. The foundation will work with other not-for-profit groups and researchers to conduct educational projects.

ING Group's U.S. retail fund unit unveiled a fund Monday with a five-year guarantee period.

The director of research at Morningstar has advised investors to sell four mutual funds in a weekly "Fund Spy" column.

Putnam Investments Monday announced it is improving the fee disclosure in Putnam CollegeAdvantage, the 529 plan it runs in Ohio, and also reducing the plan’s annual maintenance fee.

Running a hedge fund and mutual fund simultaneously may soon be deemed a conflict of interest by federal regulators. For Vanguard, a company that has stayed clean and stayed near the top during the mutual fund scandal, that could spell trouble, CBS MarketWatch reports.