Money Management Executive Latest News

Sirach Capital Management has hired Valerie M. Kampe as principal and portfolio manager. Kampe is now the lead manager for Sirach's private-client business. She was previously a vice president and senior portfolio manager with The Harris Bank.

Bear Stearns has hired Richard Devine, Howard Franzblau and Michael Silverstein to be managing directors in its private-client services division. All three, based in New York, provide investment advisory services and alternative investments to high-net-worth individuals and pension plans. Each has about $550 million of assets under management.

Wachovia Insurance Services has hired two senior executives to newly created positions in recent months. In July, Stewart McDowell joined the company as COO. More recently, Karen J. Lehman is now CFO. McDowell came from Willis Group Holdings, an insurance broker. Lehman had been CFO at Palmer & Cay.

Gabelli Group Capital Partners has selected the son of Gabelli Asset Management's founder, Mario Gabelli, to serve in the new position of president. Marc Gabelli has been with the company for 10 years and will remain active in portfolio management. He will, however, give up his position as head of the firm's alternative investment group.

As part of Financial Research Corp.'s strategy to enhance its market research capabilities, the company has hired additional analysts as part of its research group.

ORLANDO, Fla. - Compliance automation is necessary in this day and age, but it's no way to shrink the bottom line, said experts speaking on the Investment Company Institute's Tax and Accounting Conference panel on using technology for compliance and disclosure.

That was the conclusion reached by a team of researchers at mutual fund tracking firm Lipper of New York, after carefully studying the relationship between fund size and performance.

With stock prices rising more than 30% since the year began, global investors have begun to delve back into Asian markets, according to Singapore’s deputy prime minister.

Boston-based Eaton Vance said on Friday it has launched the Vance Tax-Advantaged Dividend Income Fund, a new closed-end mutual fund worth $1.3 billion, Reuters reports.

"Short-selling," the legal but questionable tactic of betting against a stock in order to make a profit, is set to undergo strict rule changes from U.S. securities regulators.