Money Management Executive Latest News

Vontobel Asset Management said this week that its distributor, Vontel Fund Distributors has formed a strategic alliance with ROI Capital Management to internationally market the onshore and offshore ROI Partners Fund to institutions and endowments.

Neuberger Berman said this week that it has launched a new high-income bond fund.

Variable annuity assets for the second quarter were $829 billion, down 8.9% from the previous year’s $910 billion, according to a report from the National Association for Variable Annuities. Flow figures present a contradictory picture, as total premium flow figures appear relatively stable, while net flow indicates a continued decline in VA assets.

A recent poll found that business owners lack confidence in their investing finesse.

Europe’s $3.5 trillion mutual fund industry will grow at a 14% compound yearly growth rate between the end of this year and 2006, ahead of both the global 10% rate and a protected 9% rate of the United States, according to CA Global Update.

Wealth managers' profitability slid an astounding 69% in 2001, battered by the shaky global markets, which cost investors more than $2.9 trillion, or 4.4% of the total value of global investment assets.

Denver mutual fund giant Janus' protracted fight to spin off of its parent, Stilwell Financial, of Kansas City, Mo., has yielded it a more astounding prize. Control of Stilwell.

What do terrorists and mutual funds have in common? Neither wants the USA Patriot Act's "know-your-customer" rules to be implemented on its scheduled date of Oct. 25.

Index fund giant Vanguard Group of Valley Forge, Pa., is the first to ink a licensing deal to track a new set of 14 equity indexes that Morgan Stanley Capital International (MSCI) of New York is debuting next year.

Shortly after the Securities and Exchange Commission decided to require top executives of mutual fund companies to certify their firms' financial reports, the commission proposed in an open meeting last week to extend the rule to shareholder reports, as well.