Money Management Executive Latest News

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Vanguard Group, American Funds and Fidelity were the top three selling fund complexes for the month of July, according to preliminary sales data issued yesterday by Financial Research Corporation of Boston.

The Securities and Exchange Commission yesterday denied a petition from the Investment Company Institute requesting the SEC adopt a rule regulating portfolio investment programs under the same regulations as mutual funds.

A provider of information and online tools to accountants has partnered with Morningstar and will offer some of the fund researcher's services through its own Web site, it was announced today.

SEI Investments Co. EVP Richard Lieb will move to a new role at the asset management firm. After 11 years heading up the company’s investment systems and services areas, Lieb will be responsible for strategic development of SEI’s global technology and Internet transformation initiatives.

Fund custodian and administrative services firm Investors Financial Services Corp. has promoted Michael Rogers to president and named John Spinney CFO, replacing Karen Keenan who will step down Jan.1, 2002, to spend time with her family. Keenan is expecting a child sometime early next year, the company said.

From the end of September 2000 to the end of March 2001, total global fund assets fell over $1 trillion, or 9.4%, to $11.01 trillion, according results released today from the Investment Company Institute’s International Mutual Funds Survey, First Quarter 2001.

A provider of information and online tools to accountants has partnered with Morningstar and will offer some of the fund researcher's services through its own Web site, it was announced today.

Assets in broad-based, domestic exchange traded funds increased by more than $3.25 billion between May and July of this year, helping post about $2.8 billion in increased assets for all ETFs, the Investment Company Institute reported today.

Janus Funds has named Loren Starr its new CFO, filling a position that has remained vacant since last September 22, when Steve Goodbarn left the firm, according to a company spokeswoman.