Money Management Executive Latest News

The free reign of hedge funds may soon come to an end as the SEC prepares new regulations.

Vanguard and Financial Engines, a Palo Alto, Calif.-based online portfolio management systems provider, this week unveiled a new turnkey asset allocation program designed for 401(k) investors.

The State of Rhode Island is overhauling its 529 college savings plan managed by Alliance as a result of the money manager’s market-timing scandal

Financial services giant Morgan Stanley the nation’s No. 2 securities firm, will liquidate 17 of its proprietary funds as part of a larger effort to overhaul its investment management arm.

U.S. Bancorp Asset Management has hired two portfolio managers from M&I Investment Corp.'s Marshall Funds in Milwaukee to manage its First American Small Cap Growth Opportunities Fund and also promoted a technology analyst to run its First American Small Cap Select Fund.

Fidelity Investments has announced a new program that will give the financial advisers who sell its 401(k) products better ways to inform those who invest in the plans.

SEI Invesments has introduced eBoardroom version 2.0, an upgrade of its board meeting software.

Mutual fund portfolio managers collect much more in fees than their separately managed account (SMA) counterparts, according to Dow Jones.

T. Rowe Price is adding a 2% redemption fee on all shares of its international funds not already employing the charge, the firm said on Tuesday.

Janus settled with New York Attorney General Eliot Spitzer and Colorado Attorney General Ken Salazar for $225 million Tuesday for having permitted excessive market timing in its funds. The agreement, which was reached in cooperation with the SEC, includes $50 million in restitution, $50 million in civil penalties, $125 million in fee reductions over the next five years and $1 to be held in trust by the Colorado attorney general for investor education and future enforcement.