Money Management Executive Latest News

William Perkins has been tapped to head the Northeast Investments Management Group of PriceWaterhouseCoopers, the company announced last week.

Financial technology firm Barra, Inc. has promoted one of its EVPs to president and rehired its former COO, who departed two-and-a-half years ago for the dot-com world. Aamir Sheikh has been promoted from EVP to president, assuming those duties from Kamal Duggirala, the firm's CEO. Robert Honeycutt has resumed his former post as COO.

U.S. Bancorp Piper Jaffray Asset Management has hired two analysts away from Strong Capital Management for its Milwaukee office as part of a continued expansion in research capabilities there.

The Enterprise Group of Funds today launched a pair of new funds suited for skittish investors: Strategic Allocation and Total Return. Both funds also introduce new sub-advisors to the Atlanta-based firm.

State Street Investments’ 529 college savings business, Schoolhouse Capital, has partnered with OppenheimerFunds on its 529 plan and will begin distributing the plan through OppenheimerFunds’ Distributor network later this year, the companies announced this week. The plan will feature investment products from both firms.

The head of financial services at London-based Old Mutual Group was expected to step down today, saying that the job he was hired to do has "substantially been completed," the company announced this week.

The Vanguard 500 Index Fund, known as the first and largest consumer index fund, was formed 25 years ago today with a modest $11.4 million in assets, the Vanguard Group said.

In a move aimed at bolstering its wealth management business, Commerce Bancorp announced yesterday that it has hired a new CIO and two portfolio managers from Summit Bancorp, a subsidiary of FleetBoston Financial.

Have a good holiday!

Nuveen Investments today announced the launch of a new electronic distribution platform to support the firm’s sales staff when dealing with financial advisors. The new service was first implemented in mid-July and has just been completed, according to a spokeswoman for the company.