Money Management Executive Latest News

The AFL-CIO, Pax World Funds and Fund Democracy, the brainchild of shareholder advocate and former SEC official Mercer Bullard, are set to launch a Web site tomorrow at 1:30 p.m., where investors will be encouraged to weigh in on proposed SEC regulations that would require mutual fund companies to reveal how they vote their proxies.

Morningstar analysts have dropped three Strong bond funds from their "best-picks" list: Strong High-Yield Bond, Strong Corporate Bond and Strong Ultra Short-Term Income.

ProFund Advisors LLC, the advisor to the ProFunds fund family, said today that it has hired a Deutsche Bank executive to market its products to financial intermediaries.

MFS Eliminates 110 Jobs

Firms Scramble Ahead of SEC Decision to Comply With Law

Stilwell's skillful reorganization of its Janus and Berger brands last month cast the spotlight on Janus and its new CEO Mark Whiston [see MFMN 9/9/02].

Proxying fund shareholders is often seen as a necessary evil in order to make significant changes to a fund, or, in some cases, liquidate it.

With shareholder activism and corporate governance such a hot topic lately, MFMN set out to discover what's driving shareholder proxies these days, and what kind of response rates they're getting.

With many employers banning Instant Messaging (IM), (an instant, in-your-face kind of e-mail), to prevent workers from idle chatter, Reuters of New York and Microsoft of Redmond, Wash., have developed their own IM exclusively for the financial-services community.

As the stock market's doldrums roll on, financial advisers are starting to lose patience with mutual fund companies. That's the message from a survey of more than 2,000 financial professionals at wirehouses, banks, independent firms and elsewhere by Boston-based research firm Dalbar.