Money Management Executive Latest News

In the wake of Enron’s financial meltdown, the inventor of the index fund and founder of the Vanguard Group is proposing that the mutual fund industry start pushing corporations to be more responsible about the accuracy of earnings reports, the compensation of their executives and the independence of their auditors, according to a story in today’s Wall Street Journal.

The recession is forcing investors to delay their retirement, according to a recent survey by research firm Gallup Organization on behalf of UBS AG -- a global financial services firm based in Switzerland.

It's the rainy season in Washington, D.C., as legislative proposals designed to protect retirement plan assets and better advise employees come pouring in.

American Century Investments has created an adviser-sold version of its 529 college savings plan. The Learning Quest Education Savings Program, which the firm launched with the State of Kansas in July of 2000, will be supplemented by Learning Quest Advisor.

Prudential Securities said today that it has added three new executives to its municipal bond research team in an effort to meet investor demand for bond products.

Linda Coughlin, head of Zurich Scudder Investments’ U.S. mutual fund group, is leaving the firm as part of an overall reorganization resulting from the firm’s merger with Deutsche Asset Management, according to Joan Gallagher, a spokeswoman for Zurich Scudder.

Mazama Capital Management has named Donald Klotter VP of marketing and client services, the firm announced today. Mazama is an institutional money manager that specializes in small and small-mid cap growth investing.

Minneapolis-based Voyageur Asset Management has acquired the institutional assets of Daniel S. Kampel Associates. The terms of the transaction were not disclosed.

Adding to its high-net-worth line of products, OppenheimerFunds’ parent corporation, Oppenheimer Acquisition Corp., will acquire Gulf Investment Management, Inc., a Houston-based separate account manager, the company announced today.

Alliance Capital will begin allowing participants in Rhode Island’s 529 program to create customized portfolios based on nine different Alliance funds, becoming one of the first college savings programs that offers such an option, the company announced today.