Money Management Executive Latest News

Investors may defer taxation of reinvested mutual fund capital gains dividends until the fund is sold, if a bill introduced Tuesday in the House of Representatives were to become law, Dow Jones reports.

The Securities and Exchange Commission has announced speakers for next Wednesday’s hearings on hedge funds.

Warren Buffett, billionaire investor and chairman of Berkshire Hathaway, has made some executive moves to get in line with proposed corporate governance rules, Reuters reports.

Broker-dealers and other financial services companies have upped the ante on customer service, and now the insurance industry must follow suit if it intends to remain competitive, according to Michael Keeler, SVP and director of individual life operations at The Hartford. In an address at the LOMA Policyholder Service Seminar in Orlando, Fla., Keeler explained that his company remains committed to improving service despite financial pressures.

Investors may defer taxation of reinvested mutual fund capital gains until the fund is sold, if House legislation becomes law, Dow Jones reports.

The Stanton Group and LOMA have teamed up to conduct a new survey that tracks compensation of portfolio managers according to fund performance and size. Results are expected to be published in September, and are intended to help fund companies pay portfolio managers on a more consistent basis.

Individual mutual fund shareholders are likely to be left out in the cold when it comes to compensation for losses they suffered on stocks analysts pumped during the raging bull market, the Associated Press reports.

Franklin Templeton Investments said Jim Baio has been named financial chief of Franklin Resources and Jennifer Bolt is the new chief information officer of the unit. Both moves are effective May 15 and Baio and Bolt have been named senior vice presidents of the firm.

State Street Corp. of Boston announced Tuesday that it has been awarded two contracts to provide custodian and administration services for Scudder Investments and Aon Asset Management.

Investment guru Warren Buffet warned investors that the time to buy into corporate junk bonds had passed, reports the Los Angeles Times.