Money Management Executive Latest News

Lipper and Barra have partnered to create new software that helps mutual funds assess the risk involved with investing in certain securities.

What's the most essential - but cumbersome - tool of a mutual fund wholesaler?

The European mutual fund industry is expanding at a faster pace than the global fund rate and the U.S. fund tempo, according to a recent study.

Sectoral Asset Management of Montreal has inked its first deal to sub-advise a biotechnology and healthcare fund in the U.S. The institutional money management firm will sub-advise the newly launched Quaker Biotech Pharma-Healthcare Fund, one of the Quaker Funds of Valley Forge, Pa.

The Investment Company Institute today elected Paul Haaga, Jr. as its new chairman. Haaga, an executive VP and director at Capital Research and Management Co. in Los Angeles, replaces Terry Glenn, president of Merrill Lynch Funds, who served two consecutive terms as the lobby group’s chairman.

The Securities and Exchange Commission said this week that it has charged a Napa, Calif., fund company with posting "outdated and misleading" performance data on its Web site.

Charles "Chuck" Johnson, a top executive at Franklin Resources, has taken a leave of absence from the company following what company officials called a "serious domestic dispute."

Gary Wendt has stepped down from his position as CEO of Conseco, Inc.. He will stay on as chairman of the board but has handed management of the firm over to Bill Shea, Conseco’s president and COO.

American Century said today that, by early next year, it will offer 10 of its mutual funds only through financial advisers.

Citizens Funds said this week that it supports Securities and Exchange Commission chairman Harvey Pitt’s call to eliminate a regulation that allows corporations to overrule shareholder resolutions.