- Money Management Executive
The U.S. socially responsible mutual fund market simply isn't generous enough for a new entrant to make a successful play for assets.
February 25 - Money Management Executive
A lot is expected of the European mutual fund industry in the next three years. Industry executives predict growth there will yield a fund market similar to that of the U.S., driven, in part, by rejuvenated retirement systems.
February 25 - Money Management Executive
Why look around for the latest industry news when it can be delivered to you?
February 25 - Money Management Executive
While the European fund industry is perceived by many to be the next best place to grow assets, the outlook in Japan is not so good. "The picture in Japan is, I'm afraid, less bright [than that of Europe]," said Deborah Smith, a VP in State Street Corp.'s international offshore business. Smith also spoke at the NICSA conference last week in Miami.
February 25 - Money Management Executive
As talk about Enron continues, mutual fund companies have begun answering questions and defending their positions in the energy trader as the media begins to examine how the collapse affected mutual fund shareholders.
February 25 - Money Management Executive
Diversified Investment Advisors, an advisory firm specializing in retirement plans, has promoted two executives to top positions.
February 25 - Money Management Executive
Prudential Financial has appointed Joseph D'Onofrio as managing director of its European subsidiary, Prudential International Investments Financial. He will also serve as deputy managing director of BPB Prumerica Global Investments SGR, an Italian joint venture with Banca Popolare di Bergamo Credito Varesino.
February 25 - Money Management Executive
Philadelphia-based benefits provider CIGNA Corp. has hired Robert Romasco as an executive VP and chief marketing officer. He will report to H. Edward Hanway, the firm's CEO.
February 25 - Money Management Executive
The asset management unit of FleetBoston Financial has hired Cornelia Kiley to head a new national sales team that will market investment products to investors with more than $200 million in investable assets, the company said.
February 25 - Money Management Executive
Los Angeles-based financial holding company Metropolitan West Financial has hired Robert Shustak as its CEO. He is expected to begin work at the company in March.
February 25