Money Management Executive Latest News

Chapman Capital Management has launched a national radio campaign to promote a domestic emerging markets fund.

USAA Investment Management Co. and Strong Capital have launched a new joint 529 college savings plan with the state of Nevada called the USAA College Savings Plan.

The Hartford Mutual Funds has reopened the Hartford MidCap Fund to new investors. The fund, which currently has slightly more than $1.323 billion in assets, according to Morningstar, will be available to new investors until Aug. 31 or until it achieves net new sales of $300 million, whichever comes first.

Evergreen Investments, the asset management arm of Wachovia Corp., has redesigned its Web site in an effort to simplify its navigation as well as to integrate the firm's new brand message, "Investments that stand the test of time."

Morningstar is now including daily data and analysis on exchange-traded funds (ETFs) in Morningstar Advisor Workstation, an online product at the MorningstarAdvisor.com Web site for investment professionals. The Web site offers reports on more than 40,000 stocks, mutual funds, ETFs, closed-end funds and variable annuity sub-accounts.

AIM Distributors has added a new R share class to 21 of its mutual funds. The R shares are no load and carry a 12b-1 fee of 50 basis points to compensate registered representatives selling AIM funds to small and medium defined contribution plans.

Since 1981, Dimensional Fund Advisors of Santa Monica, Calif., has based its investment style on academic research. Earlier this year, the firm decided to try to replicate the success it has had in the U.S. in Europe. Dimensional hired David Salisbury, former chief executive of Schroders, in March to serve as chief executive of DFA Ltd., its London office. In April, Philip Nash joined DFA as marketing director from Barclays Global Investors.

With the markets continuing their volatility, the number of consumers seeking professional advice has risen slightly.

Cooke & Bieler is making a push to sell its equity portfolios to public funds and has hired Thad Fletcher as principal to lead that marketing effort.

PFPC, a mutual fund transfer agent and accounting and administrative service provider, announced earlier this month that it has strengthened its executive team with two promotions and a new hire. The appointments follow the firm's recent naming of Timothy Shack as president and chief executive officer.