Money Management Executive Latest News

Two brothers who own a New Jersey auto parts business as well as an investment advisory company called Emerald Research Corporation, will offer a new value-oriented product called the NorthQuest Capital Fund, according to a Dec. 31 filing with the Securities and Exchange Commission.

This past year was particularly active in terms of mutual fund regulation, according to industry lawyers. A number of initiatives from the Securities and Exchange Commission that had been discussed in recent years, including independent fund director and after-tax reporting issues, came to fruition in 2001.

Some days, when he looks back at all the progress since Sept. 11, Jim Connelly says "it seems like 10 lifetimes ago" that terrorist attacked the World Trade Center, killing 38 of his firm's staff.

Open to the back pages of the "Money and Investing" section of the Wall Street Journal and you'll find a series of indexes, including those from the paper's parent company, Dow Jones. Then flip to fund listings provided by Lipper and you'll find a list of funds delineated by category: small-cap, large-cap, value, core, growth.

In 2001, the fund industry reached a few important distribution milestones and embarked on new trends that are gaining momentum and are sure to be hot spots for distribution growth in 2002.

MFMarketnews.com is keeping abreast of the industry's latest developments with postings twice a day. If you didn't log on last week, here are some Web exclusives you missed:

Peter Wuffli has replaced Lugman Arnold as president of UBS, just nine months after Arnold was named president.

Credit Suisse Asset Management CEO Phillip M. Colebatch will retire during the first quarter of next year, the company said.

Banc One Investment Management Group, Bank One Corp.'s investment management unit, has named Mark Beeson CFO. The unit serves as investment advisor to the One Group Mutual Funds family.

Saying that it needed a "steady hand" during turbulent times, PriceWaterhouseCoopers announced that it has appointed Samuel DiPiazza Jr. as its global CEO.