Money Management Executive Latest News

Barclay’s Global Investors said Monday it plans to launch nine new exchange-traded funds based on the Morningstar Style Box methodology, a move that will bolster its already dominant position in the ETF space.

MFS Investment Management said on Monday it has hired a new chief counsel and a compliance officer to oversee corporate governance and compliance procedures in the wake of its $350 million settlement with regulators last month.

MetLife Inc.said Friday that the Securities and Exchange Commission requested information about the insurance giant’s possible late trading and market timing of both mutual funds and variable insurance products.

WASHINGTON - The Securities and Exchange Commission is going to request more information from funds as part of a new initiative to detect market-timing activities, according to speakers at the recent Practising Law Institute "SEC Speak" conference held here last Saturday.

MFS Investment Management said on Monday it has hired a new chief counsel and a compliance officer to oversee corporate governance and compliance procedures in the wake of its $350 million settlement with regulators last month.

The National Association of Securities Dealers has slapped its first fine on a brokerage firm for violating NAV transfer program procedures.

Putnam Investments took the initial hit from the rash of sales and marketing executives defecting to Liberty Financial in the late 1990s, but it is Columbia, which since consumed Liberty, that is now poised to take a beating from the transaction.

Smith Barney Consulting Group, New York, debuted Integrated Investment Services, an innovative, proprietary unified managed account platform last October that allows captive Smith Barney financial consultants to see the bigger picture. The platform lets them look broadly across their high-net-worth and institutional clients' investment holdings.

MIAMI -- When assessing the problems plaguing the mutual fund industry, you'll hear plenty of chatter about imposing stiffer penalties and introducing more stringent regulation.

Equity mutual fund assets posted a $43.76 billion inflow in January, up from the $14.18 billion inflow in December, according to the Investment Company Institute's most recent survey of the fund industry.