Money Management Executive Latest News

Calvert Funds’ affiliate, Calvert Foundation, announced today that it is launching the Calvert Giving Fund, a socially responsible donor-advised fund program.

The MONY Group said today that it has launched a new marketing campaign aimed at building a stronger brand identity for a myriad mutual fund and financial planning products provided by its subsidiary companies.

Considering the events of last month, mutual fund redemptions remained fairly stable in September, according to the latest numbers from Strategic Insight.

Wells Fargo & Co. is on a hiring spree that it hopes will bring it more high-net-worth investors in markets where it has retail branches but less of a wealth management presence.

Have equity and technology funds turned the corner? Both sectors experienced net inflows of $5 billion and $485 million, respectively, during the week ending Wednesday, Oct. 17, according to AMG Data Services.

The annuity industry must develop fundamentally new products and distribution strategies to counter dwindling profits in a saturated market, says a new report from Cerulli Associates.

Oregon Public Employees' Retirement System recently terminated its contracts with several insurance companies and hired a cadre of new fund managers to provide funds for its $600 million Oregon Savings Growth Plan (OSGP). The move is designed to save plan participants approximately one-half of a percentage point in fees, said Michael Mueller, assistant director of investments.

Merrill Lynch continues to cut jobs and restructure its operations in the wake of an announcement this week that its net income plummeted an astounding 52% in the third quarter, according to published reports.

Automatic enrollment features in 401(k) plans are anything but automatic, as sponsors remain reluctant to exercise the authority granted them by the IRS in 1998.

AIM Will Launch Value and Biotech Funds