Money Management Executive Latest News

Tremont Advisers has changed its name to Tremont Capital Management, in order to more accurately reflect the company’s business focus. The hedge fund manager is owned by OppenheimerFunds.

GE Private Asset Management, GE Financial’s managed account provider, has announced the GE Multiple Strategy Portfolios program. It consists of seven new separately managed account investment managers, as well as expanded roles for two of GE’s existing SMA managers. With the rollout of the Multiple Strategy Portfolios program, GE’s SMA program includes 19 investment managers representing a wide spectrum of asset classes and styles.

Kelmoore Investment Co., which manages $400 million in mutual funds and separate accounts, has moved its performance reporting to CheckFree Investment Services, a division of CheckFree Corp. Kelmoore’s aim is to attract better serve separately managed account sponsors, as 39 of the top 50 sponsor firms and 36 of the top SMA managers use APL.

Bisys Group has entered the separately managed account business as it continues to expand its broad suite of investment services.

The National Association of Securities Dealers is prepared to sell the American Stock Exchange to a Chicago-based private equity firm for $110 million, ending a two-year search for a buyer, The Wall Street Journal reports.

John Hancock Funds has recently announced its eighth closed-end fund and its 12th closed-end fund in total.

ING Brings Personality To Personal Finance

HARTFORD, Conn. - Perhaps no other investment management firm better exemplifies its corporate namesake and feathered icon than Phoenix Investment Partners of Hartford, Conn, the asset management subsidiary of insurance company The Phoenix Cos.

WASHINGTON - Lawmakers appeared skeptical of the need to bring hedge fund products to retail investors as Securities and Exchange Commission Chairman William Donaldson presented the agency's findings from its hedge fund roundtable.

WASHINGTON - It's reality-check time for mutual fund executives as restoring confidence through lowered expectations could be something of an albatross for the industry.