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It takes society 30 years to become comfortable with a new technology - be it steel plows, electric lights or video recorders. The device doesn't matter. By that standard, financial advisers are doing pretty well with separately managed accounts.
October 13 -
Insidious greed notwithstanding, corporate governance is the Achilles heel of U.S. public companies. The analyst research scandal, the collapse of Enron and WorldCom and alleged illegal trading practices in the mutual fund industry all could have been prevented had there been sound corporate governance teams in place.
October 13 - Money Management Executive
The Bank of New York has been selected by ABN Amro Investment Fund Services to provide outsourcing services for its new separately managed account product.
October 13 - Money Management Executive
FOLIOfn has expanded its FOLIO Advisor and FOLIO Manager platforms to accommodate financial advisers, separately managed account managers and mutual fund wrap sponsors.
October 13 -
A Baltimore court has reportedly ordered Legg Mason to pay newsletter publisher Lowry's Reports $20 million for sharing one paid $700 subscription to Lowry's Market Trend Analysis with more than 1,300 employees over the company's intranet.
October 13 - Money Management Executive
Following its acquisition of the Williamette Family of Funds, Integrity Mutual Funds has hired F. Martin Koenig to manage four funds with $60 million of assets. The four funds have been merged into four of Integrity's funds.
October 13 - Money Management Executive
For Gabelli Group Capital
October 13 - Money Management Executive
Betsy Bliss has joined Bear Stearns as a managing director in the private client services division, based in San Francisco. The hire is part of the firm's ongoing plan to grow this business by attracting top producers in the industry.
October 13 - Money Management Executive
Dresdner RCM Global Investors has hired Edward Allinson to work with Mark Phelps as co-chief investment officer for global equities, running nearly $2 billion in assets. He reports to Ian Vose, chief investment officer.
October 13 - Money Management Executive
Michael R. Granito has joined Federated Investors as a senior vice president and head of capital market research. He reports to Keith Schappert, president and CEO of Federated.
October 13