Money Management Executive Latest News

Lord Abbett named 26 additional executives as partners, bringing its total partner roster to 47. "While most firms are responding to today's economic challenges with a reduction in staff, particularly in the senior ranks, Lord Abbett is bucking this trend and preparing for the future by investing in our executive leadership," said Bob Dow, a managing partner at the firm.

Hedge funds pushed higher to just under $600 billion in spite of the difficult third quarter, according to data from Hedge Fund Research Inc., a 4.7% increase from the end of the second quarter and a 10.6% rise since the beginning of the year.

Despite month after month of declines in the equity markets, investors continued to open a substantial number of new separately managed accounts, according to a study by Financial Research Corp.

Commerzbank AG's sale of Montgomery Asset Management LLC to Wells Fargo & Co. will effectively mean the end of the Montgomery brand of mutual funds.

General management searches for fund executives at the CEO, COO and division head level are up 60% this year, the executive recreating firm Russell Reynolds Associates reports.

One of the most tedious, but important, tasks within any mutual fund company is the mind-numbing number crunching of tax accountants.

The information may be the same, but all things are not equal when it comes to providing investors with fund data.

In September, Lipper unveiled the final three components of its Lipper Leaders rating system, its attempt to go head to head with Morningstar's well-known Five Star rating system and to establish a greater presence in the intermediary market.

Facing a third-quarter loss of 2.5 billion euros, what will Allianz AG of Germany do with its Newport Beach, Calif., fixed-income manager PIMCO Advisors? Allianz has owned a 70% majority of PIMCO since May 2000. PIMCO has $301 billion in assets under management.

Facing a third-quarter loss of 2.5 billion euros, what will Allianz AG of Germany do with its Newport Beach, Calif., fixed-income manager PIMCO Advisors? Allianz has owned a 70% majority of PIMCO since May 2000. PIMCO has $301 billion in assets under management.