Money Management Executive Latest News

Janus, in a filing with the SEC Wednesday, revealed that it had standing arrangements with 12 clients to allow them to market time its funds, Reuters reports.

Oppenheimer Funds had added Windham Capital Management to its institutional asset management team in an effort to bolster its investment management team.

Ibbotson Associates has launched a set of materials aimed at educating advisers and their clients about retirement income needs. The company has been researching the subject for several years and, with the impending retirement wave of the Baby Boomers, Ibbotson hopes to keep in step with the leading edge of the shift away from accumulation.

Harold Baxter, chairman and chief executive officer of Pilgrim Baxter & Associates, and Gary Pilgrim, chief operating officer, quit their positions today due to an internal probe into investments by one of the two, Reuters reports.

If a new Congressional bill gets passed as is, one person would not be allowed to run both a mutual fund and a hedge fund, The Wall Street Journal reports.

Germany’s securities regulator BaFin is launching an investigation of mutual fund trading practices. Spurred by the ongoing fiasco in the U.S. and recent memory of a previous fund scandal a few years ago, German regulators want to make sure that its mutual fund industry is on the up and up.

Fund Industry Has Bigger Hills to Climb than Capitol Hill:Real Reform to Take Place at SEC - Analysts

Five states have closed their prepaid college tuition programs as assets continue to accumulate rapidly in 529 college savings programs.

Despite the recent hearings in Washington to address the flaws in the mutual fund industry (see special "Fundgate" report in this week’s Money Management Executive), new reform proposals do not address some of the main fund problems – namely market timing and late trading – analysts said Monday.

As the federal probe into securities abuses by mutual fund companies deepens, frustrated retirement plan sponsors are finding it difficult to know how best to protect investors’ assets.