Money Management Executive Latest News

T. Rowe Price Associates is partnering with Morningstar to provide individual investors and participants in 401(k) plans with access to a comprehensive lineup of free investment tools.

Fidelity is offering a new class on personal investing through the Williams College of Business at Xavier University, according to a report appearing today in the Cincinnati Business Courier.

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 company announced today.

In an effort to ward market timers from an aggressive growth fund, American Century Investments will give only stock to investors who cash out of the product without first giving 15-days notice.

Right around the time venture capital investing was hitting unprecedented levels in the second quarter of 2000, two fund companies were busy rolling out venture capital divisions dedicated to investing in young, Internet and technology-related companies. But like most who got into venture capital investing at its peak, those companies are struggling with or cutting back on their investments, according to industry executives.

American Century Ventures, the venture capital-arm of American Century, was launched in 1999 and has committed over $100 million over the next four years. ACV never intended to invest in quick-exit-strategy IPOs. Instead, ACV's strategy is to make smaller investments of between $2 million to $8 million in companies primarily involved in developing technology designed to fundamentally change capital markets and equity trading.

Recent mergers of E*Trade's proprietary index fund line-up could indicate a shift in strategy for the online brokerage firm. Despite recently liquidating two funds and merging two others, the firm insists that it is committed to providing customers with a comprehensive slate of funds.

Facing shrinking marketing and advertising budgets, not to mention a worsening economy and poor performance, asset management groups of all sizes are asking their managers to get out of the office and help market their funds.

E*Trade Stock Baskets will be offered later this quarter with 20 baskets designed by Standard & Poors. While the product's pricing structure has not yet been established, Rorer said it will be based on asset levels with set price breaks.

Sector funds these days have become something like that kid on the playground who, rumor has it, eats worms. Everyone jeers and laughs when he comes around--and it doesn't matter if the rumors are true.