Money Management Executive Latest News

Edgar Online, provider of business information specializing in the distribution of information about public companies from SEC filings, said it has added Benjamin A. Burditt and Richard L. Feinstein to its board of directors.

PowerShares Capital Management has introduced two new exchange traded funds to the market: Dynamic Market Portfolio and Dynamic OTC Portfolio. Both are based on new quantitatively managed indexes from the American Stock Exchange.

T. Rowe Price reported a 27% drop in quarterly earnings, citing continued weakness in stock market valuations amid a grinding bear market.

Investment adviser Doug Fabian warned investors of load funds in his most recent installment of the Lemon List, saying they could be hit with a double whammy if they buy into these funds. Things were so sour among these products that 75% of the 601 funds on the list not only severely lag their benchmarks, but also charge a commission and high management fees.

Northern Trust is selling Northern Trust Retirement Consulting to Hewitt Associates. The division provides 200 companies and more than one million participants with defined benefit, defined contribution, recordkeeping and customer service, including health administration services for retirees.

I'm walking in Post Office Square, in the beating heart of Boston's financial district. I see my luncheon guest. He's huddled against the door of the coffee shop.

Fund sponsors occasionally like to ham it up in their ads, sometimes creating highly amusing investment scenarios. But in the case of American Century Investments of Kansas City, Mo., the firm had no intention of hamming up its peanut butter sandwich advertisement.

Faced with its weakest quarterly revenue level in over four years and running out of room to cut costs, Charles Schwab said it would look at other ways to increase income and shore up profits.

ING Investment Management announced Thursday it is expanding its ING Funds family by offering investors the newly-developed ING Canadian Dividend Income Fund, a conservative equity fund with the potential for monthly tax-efficient income.

Two well-known fund managers Ralph Wanger and wife Leah Zell will leave their daily fund management positions, from which they oversee more than $7.2 billion in assets in two mutual funds. The move is slated for Sept. 30.