Money Management Executive Latest News

Asset management professionals and the firms that pay them have separately managed accounts (SMAs) on the brain, and for good reason.

The fund industry has lost one of its rare leaders. Dr. J. Elliot ("Jack") Corbett died March 18 at age 82.

The House Subcommittee on Capital Markets will schedule at least one hearing to understand how hedge funds affect financial markets and whether they should be regulated, Rep. Michael Oxley (R-OH), and Rep. Richard Baker (R-LA), announced yesterday.

NASD issued an investor warning yesterday on principal-protection funds’ higher fees, potentially lower long-term capital gains and required long holding periods.

Outflows from stock mutual funds topped $11 billion, the Investment Company Institute announced yesterday.

Pacific Life and Allianz have agreed that PacLife will not exercise its option to sell Allianz the remaining portion of its ownership of investment manager PIMCO, approximately a third, over the next two years. After Allianz purchased the lion’s share of the company in 2000, it structured its agreement with PacLife with put and call options for the two parties to exercise any time starting in 2003.

Some financial firms are urging investors seeking higher returns to convert cash into short-term bond funds, Reuters reports.

House Financial Services Capital Markets Subcommittee Chairman Richard H. Baker (R-LA) dashed off a letter to Securities and Exchange Commission Chairman William Donaldson yesterday asking the SEC to look into mutual funds fees. Fee tables aside, Baker asserted investors are "ignorant" of how much they are paying.

The Securities and Exchange Commission announced yesterday that it will hold roundtable discussions on hedge funds May 14 and 15 at its headquarters.

Stable-value funds, one of the hottest categories in this bear market, have caught the attention of the Securities and Exchange Commission, which is looking into how they arrive at their NAVs, The Wall Street Journal reports.