Money Management Executive Latest News

For a fund firm already on the decline, the recent fraud charges brought against Invesco are reason to pull out of its mutual funds, Morningstar analyst Dan Culloton wrote Tuesday.

Janus Capital has just named portfolio managers for its high-yield portfolios and its growth and income funds.

Michael Milken redux? Regulators are going to expand the mutual fund trading probe to stale price arbitrage in junk bond funds, analysts told Reuters Wednesday.

The mutual fund arm of Sun Life Financial Inc. is being investigated by New York Attorney General Eliot Spitzer’s office, raising the number of regulators looking into the firm’s activity to three.

With the mutual fund investigation now extending to the issue of fund fees, Hewitt Associates issued a warning to employers offering 401(k) plans: Understand your fees.

The Stanford University professor who researched and wrote a report about the negative effects of market timing on long-term investors timed the market himself, according to The Wall Street Journal.

Mutual fund giant T. Rowe Price said on Monday that it has closed its Mid-Cap Growth Fund to new investors in order to better serve the interests of long-term shareholders.

A former Security Trust Co. executive pled guilty to securities fraud charges for allowing hedge fund clients to trade behind the bell, New York State Attorney General Eliot Spitzer said on Tuesday.

Federal Reserve employees, along with members of the Boilermakers Union have been practicing market-timing in order to make a quick profit in international mutual funds, The Wall Street Journal reports.

Noreen Harrington, a former executive of the Stern Asset Management arm of the Hartz Group, identified herself as the initial whistle-blower in the mutual fund scandal that has ravaged the industry, The New York Times reports.