Money Management Executive Latest News

In this game of high-stakes "tag," there are no more hiding places and lots of "Its."

It's a tale of two cities. While its certainly not the best of times at Beantown's Putnam Investments, it seems to be the worst of times for the employees at Strong Financial in Menomonee Falls, Wi. Both firms are heavily involved in the scandal plaguing the fund industry and have some striking similarities in circumstances. But their fates, and those of their workers, seem decidedly different.

Assets under management in the mutual fund industry grew by $82.4 billion, or 1.2%, to $7.235 trillion in November, according to the Investment Company Institute.

In what should have been a three-month red carpet rollout to an 80th birthday party, the mutual fund industry is not even thinking of a gala. Instead, it is pondering mistakes of the recent past and reforms for the near future.

Harris CEO Raitt Named President of Oakmark Funds

NEW YORK - As far as the executive suite is concerned, it's almost as if the fund scandal and corporate governance issues did not happen.

"Move SMAs into the mass-affluent Northern Lights," is the battle cry of Franklin Templeton Investments private client group of Toronto, Canada, the high-net-worth unit of Franklin Resources of San Mateo, Calif..

WASHINGTON - The fees at pension funds and mutual funds are virtually identical once the two entities are compared as "apples and apples" and include sub-accounts, an Investment Company Institute economist said during a conference call last Tuesday.

Given the current scandal plaguing the mutual fund industry, it is now more important than ever to recognize the efforts of those who have stayed true to shareholders and generated outstanding long-term results.

Calpers is investigating Franklin Resources for its admitted role in market timing