Money Management Executive Latest News

Thomas Eggers has been appointed president of the Dreyfus Corporation, it was announced today. He will replace Stephen Canter, who was named Chairman and CEO of the company in May.

New York Life Investment Management announced yesterday the formation of a new unit that will focus on marketing NYLIM’s institutional investments to a variety of markets, including unbundled defined contribution plans, defined benefit plans, and foundations and endowments.

Pioneer Investment Management has named Daniel Geraci, the president of Fidelity Investments’s private wealth division, as its new CEO. Geraci replaces David Tripple, who stepped down as Pioneer’s CEO at the end of last month.

Financial public relations firm Thompson Becker International has augmented its Web site to include tips and sample letters for companies that may be overburdened with investor communications in the wake of the attacks on New York City and Washington D.C.

Fred Alger Management has brought another one of its former employees back to the fold and more are expected to follow, said Jim Connelly Alger’s EVP. Amy Ryan announced yesterday that she will rejoin her old firm as a senior V.P. and senior analyst, becoming the second alumnus of the firm to return in the weeks following the Sept. 11 terrorist attacks.

Stilwell Financial announced today that it will purchase 600,000 Janus Capital shares held by Janus CEO Thomas Bailey, giving Stilwell a 97.8% stake in the Denver-based fund company.

Fidelity Investments Institutional Brokerage Gro up and Frank Russell Co. announced today an alliance in which Fidelity will distribute Russell’s new multi-manager separately managed account program through its registered investment advisors and correspondent broker/dealers.

A bill that would allow employers to provide 401(k) investors with advice, either through mutual fund companies or other means, was approved a House committee today.

The Vanguard Group will add a new actively managed equity fund to the 19 managed funds it offers. The Capital Value Fund's investment adviser will be Wellington Management, which will select small-, mid- and large-cap stocks that it considers "undervalued or out-of-favor," the company said in a statement.

Standard & Poor's and Credit Lyonnais Asset Management announced today a partnership under which Credit Lyonnais will create, list and promote exchange-traded funds in Europe under the SPDR trade name.