Money Management Executive Latest News

The National Association of Securities Dealers announced yesterday the formation of a 22-member joint mutual fund and brokerage industry task force on fund breakpoints.

American Century Investments, a longtime seller of no-load funds, has transformed 10 portfolios into load funds in a bid to attract more diversified distribution through banks and other financial intermediaries.

Despite the dominance in fixed annuity sales over variable annuity sales, more online consumers queried search engines with the search string "variable annuity" rather than "fixed annuity," according to a recent study from Super Reports.

Businesses continue to report that controlling the health care benefit costs is the most important benefit priority, but most employees cite retirement security as their top benefit concern.

If President Bush’s new retirement savings options make it through Congress, the majority of employees say they would use the new accounts, a recent survey finds.

Shareholder resolutions reached a record number this year - 862, up from 802 last year - according to a proxy season overview report by prominent activist proponents.

Funds Not Alone in SEC's New Compliance Crusade

With investors' interest in bonds at record highs, it's worth noting that several factors are bearing on the bond market right now - heightened concerns over geopolitical risks, anticipated increases in U.S. debt, private de-leveraging and a decline in the U.S. dollar, among them.

Bruce R. Bent is the founder and chairman of The Reserve Funds of New York and the creator of the first money market fund in 1970. Now, 33 years later, Reserve manages more than $20 billion among 17 money funds, seven equity funds and several cash-management vehicles, including two patented products.

If you ignored the fact that this tale involved mutual funds, it would read more like a soap opera.