Money Management Executive Latest News

About three weeks after it agreed to buy American Skandia Life Assurance Co., Prudential Financial Inc. has expanded its own product offerings to include a third fixed annuity.

Just as Vanguard earlier this month issued a nine-step program to help investors take charge of their financial lives, Fidelity has issued its own tips, the Boston giant’s being a little more to the point.

Fidelity Management and Research Co. has filed with the Securities and Exchange Commission a notice that it intends to close accounts that do not maintain a minimum balance.

After what they've been through the past three years, fund investors aren't exactly clamoring for new equity funds. Cooked books haven't helped, either.

WASHINGTON - Four former chairmen of the Securities and Exchange Commission said last week that directors of mutual fund boards need to do a far better job of monitoring the funds they oversee and prevent the kind of fraud that has run rampant on Wall Street the past year.

When it comes to their own charitable investments, some of the biggest fund companies in the nation do not appear to be putting their money where their mouth is.

Beating the pavement, as in being out of work looking for a job, has become almost as difficult as beating the Street.

It wasn't the devil, but the bear, that made them do it.

While many are applauding President Bush's $674 billion economic stimulus package, it is expected to have very little impact on the mutual fund industry, and some even think it could actually hurt certain areas of the market.

Credit Suisse Asset Management (CSAM) has announced several restructuring changes intended to enhance its global platform, including the designation of a new global executive committee and a cutback of its operating regions from five to three.