- Money Management Executive
Finances and health insurance are on the minds of baby boomers, as 36% of them say they think about their retirement savings nearly every day, according to a recent survey by Pulte Homes Inc.
July 7 - Money Management Executive
As if money market funds hadnt been beaten up enough already this year, the week ending July 1 brought more pain to the sector. The week brought record lows for taxable money market fund yields and saw investors withdraw more than $15 billion from the funds, according to the Money Fund Report, Reuters reports.
July 7 - Money Management Executive
ABN AMRO Funds said is launching the ABN AMRO High Yield Bond Fund, a new fund aimed at providing investors with interest income and capital appreciation.
July 7 - Money Management Executive
Investment bank Lehman Brothers Holdings acknowledged in a filing with the Securities and Exchange Commission that it is in talks to merge with Neuberger Berman, according to wire service reports.
July 3 - Money Management Executive
Putnam Investments and two of its veteran stock pickers are parting ways amid a company shakeup, Reuters reports. The firm also announced several additions to the management teams of their Vista and Voyager funds. Putnam said that after a review of its growth teams and investment processes, a change was in order.
July 3 - Money Management Executive
Exchange Traded Funds had a spring in their step in June, gathering assets worldwide and trading more frequently in the month, according to a recent Morgan Stanley report.
July 3 - Money Management Executive
Waddell & Reed Financial has launched an expanded Ivy Funds family following the completion of mergers of several Ivy Funds into similar W&R funds, a move approved by shareholders.
July 3 - Money Management Executive
Wachovia Corp. and Prudential Financial have completed the merger of their brokerage units into Wachovia Securities. The resulting organization is owned 62% by Wachovia and 38% by Prudential.
July 3 - Money Management Executive
Fidelity Investments said Monday it has completed the acquisition of Correspondent Services Corporation from UBS Financial Services.
July 2 - Money Management Executive
MSCI, provider of equity, fixed income and hedge fund indices and Lyxor Asset Management have teamed up to bring the MSCI Hedge Fund Index to the marketplace this summer.
July 2