Money Management Executive Latest News

Michael Roth, the former CEO of USAA Investment Management, has joined Intercontinetal Asset Management, a San Antonio, Tex.-based investment firm where, as president, he will develop and run hedge funds for the U.S. market.

Didn't log on to Mfmarketnews.com last week? Here are some Web exclusives you missed:

Barclay Global Investors’ iShares MSCI EAFE exchange-traded fund began trading on the American Stock Exchange today, Barclays announced. The fund is the first ETF to track a revamped version of Morgan Stanley Capital International’s EAFE index.

Royal Mutual Funds will offer a share class of its most popular funds that will be suitable for Canadian financial advisors and planners. The F-Series, which has no sales commissions or trailer fees that are paid to the advisor by the company, is suitable for clients of brokers and fee-based planners.

Money market fund assets dropped $12.02 billion to $2.10 trillion for the week ended Wednesday, Aug. 15, according to the Investment Company Institute.

In a final round of bidding for the acquisition of Zurich Scudder, Deutshe Bank has emerged as the frontrunner in the negotiations, which involve two other financial companies, according to a source close to the matter. A deal will be announced in mid-September, the source said. The other bidders include Amvescap Plc, and First Union Bank.

A survey of 401(k) plan sponsors shows that companies are putting a premium on the quality of record keepers' Web services when choosing plans for their employees.

A survey of 401(k) plan sponsors shows that companies are putting a premium on the quality of record keepers' Web services when choosing plans for their employees.

Causeway Capital Management, the Los Angeles-based firm launched in June by three former Merrill Lynch portfolio managers, is planning to offer its first mutual fund. The company filed a preliminary prospectus with the Securities and Exchange Commission yesterday for the Causeway International Value Fund, which it plans to launch by the end of the year, according to a spokesman for the company.

TD Waterhouse Institutional Services has reached a deal with T. Rowe Price to sell the T. Rowe Price Advisor Class Funds through its financial advisors, the company announced today.