Money Management Executive Latest News

Despite recent criticism that not only the mutual fund industry but the Investment Company Institute itself is in need of reform, the ICI issued a statement saying it is cooperating with regulators in order to halt the downward spiral that the mutual fund business has fallen into.

Curian Capital to Sell SMAs Through Midsize Banks

The winds of change are sweeping the floor of the New York Stock Exchange, as federal regulators look to overhaul the world's biggest marketplace.

Industry-wide late processing of mutual fund trades has some in the industry worried. The practice is commonplace and perfectly legal, so why the concern?

As financial services firms continue to launch managed account platforms, a handful of banking companies have begun offering unified managed accounts - what many believe is going to be the next generation of the hot product.

Ahhh, there's nothing like a good scandal to fuel additional prospectus disclosures being pushed out to financial advisers and investors.

The Securities and Exchange Commission approved a new rule requiring mutual fund companies to provide more balanced information in their advertisements when promoting fund performance.

Bond funds had their worst month in at least 20 years and possibly ever, according to data released by Lipper.

Joseph Grano will retire from his position as head of UBS' wealth management division on Jan. 1, and Mark Sutton, currently president, will assume his position. Grano will remain as chairman, however, until the middle of next year.

New York State Attorney General Eliot Spitzer's complaint against Canary Capital Partners says that market timing and late trading can cost investors as much as $4 billion a year, but another report puts it in terms that may hit home a little harder for many investors. Timing can sap a fund's returns by as much as 2% a year, according to published reports.