Money Management Executive Latest News

Employment, capital spending and inventories are the three most important keys to an economic recovery that could be sustained as long as 2010, TheStreet.com reports. If this turns out to be a jobless recovery where the government feels compelled to stimulate the economy further, the recent market run up could be nothing more than a ruse, according to the chief investment strategist at Pinnacle Investment Advisors.

NEW YORK – No software platform for separately managed accounts is without its limitations, speakers said this week at The Money Management Institute’s fall conference here.

The Securities and Exchange Commission might enforce actions against Morgan Stanley for questionable mutual fund practices, The Wall Street Journal reports.

The New York Stock Exchange, as a self-regulated organization, should follow the same rules it makes for its member companies, Securities and Exchange Commission Chairman William Donaldson told Congress Wednesday, Reuters reports.

The head of mutual funds for Bank One, one of four mutual fund companies named in New York State Attorney General Eliot Spitzer’s Sept. 3 fund trading complaint, has lost its head of mutual funds, Reuters reports.

Not only have most large U.S. companies exceeded Wall Street earnings estimates for the third quarter, but they have exceeded them by a wide margin, Reuters reports.

In another sign of an impending economic turnaround, 401(k) investors are returning to stocks in droves, the latest research indicates.

Bank of America said its profits jumped 30% in the third quarter, but that it has set aside $100 million to cover costs related to the investigations into mutual fund trading practices at the bank by New York State Attorney General Eliot Spitzer, according to published reports.

OppenheimerFunds has started a real estate fund that seeks total return through investments in real estate securities.

The human-based system used by the New York Stock Exchange should be eliminated in favor of an electronic system similar to that used by Nasdaq, Fidelity Investments told the Big Board Monday, The Wall Street Journal reports.