Money Management Executive Latest News

Roger Engemann & Associates, a subsidiary of Phoenix Investment Partners, has hired Gretchen Lash as chief investment officer, the company announced yesterday. She is expected to begin in her new position in mid-October.

An index-based mutual fund complex said this week that it has altered the objective of a mutual fund that invests in European interests and has adopted a new benchmark index for the fund.

The Principal Financial Group announced today the launch of Principal Professional Link, a new service program for third party administrators (TPAs) to jointly offer unbundled retirement plan services to clients together with Principal.

Well-known author and investment advisor Robert Froehlich will host a series of discussions about the market impacts of last week's terrorist attacks via conference call this week.

Franklin Templeton Investments said yesterday it has formed a memorial fund for employees and families who were affected by last week's attack on the World Trade Center.

Dave Hyun, who began his career with Fred Alger Asset Management, is leaving OppenheimerFunds to rejoin his old firm as manager of three funds and its separately managed accounts.

Stilwell Financial filed Securities and Exchange Commission documents Tuesday to issue a shelf offering for as much as $800 million in common and preferred stock and debt securities, according to a Reuters report.

INVESCO Funds Group announced today that it has promoted Tom Kolbe to national sales manager, replacing Ray Cunningham who was named president and COO of the firm in May.

The board of trustees of the Harbor Fund, a family of 12 portfolios advised by Harbor Capital Advisors, has approved several key changes to its value fund, the company announced today.

HSBC Bank ‘s hunt for a new investment advisor is over. The company announced today the signing of an agreement with The Bank of New York to manage the eight HSBC portfolios, effective Sept. 28. The details of the agreement were not disclosed.