Money Management Executive Latest News

Turner Investment Partners of Berwyn, Pa. will add three value funds and one bond fund to the firm's growth and fixed-income mutual funds, according to the company.

MoneyAndValues.com of Brentwood, Tenn. has introduced a website that allows investors and financial advisors to screen mutual funds and variable annuity and variable universal life sub-accounts according to their investments in companies whose operations have implications for 10 social or religious issues.

U.S. Global Investors of San Antonio, Texas has cut seven jobs, representing about 10 percent of its workforce, and has discontinued the operation of its 401(k) plan administration subsidiary.

Dalbar of Boston has announced the results of its 2000 year-end survey of financial service companies' websites. The survey, conducted quarterly, evaluates websites' functionality, how they assist web users, ease of navigation, quality of content and currency, accuracy and reliability of information, according to Dalbar.

In a departure from its growth orientation, Janus Capital of Denver plans to offer its first value fund on May 1, according to a preliminary prospectus filed Feb. 14 with the Securities and Exchange Commission.

MIAMI - Robert L. Goldberg, president of the National Investment Company Service Association of Wellesley Hills, Mass. and Matthew P. Fink, president of the Investment Company Institute of Washington D.C., have been recognized for their contributions to NICSA and the fund industry. The awards were presented during NICSA's annual operations conference here last week.

Bobby Duncan has been named chief operating officer and chief financial officer of U.S. Global Trust of San Antonio, Texas. He formerly was the chief financial officer for Robbins International, the company owned by motivational speaker, Tony Robbins. Before joining Robbins International, Duncan had been with

Online portfolio products, derided by the Investment Company Institute of Washington D.C. as unregulated mutual funds, got a strong endorsement last week when it was revealed that Fidelity Investments of Boston and Charles Schwab of San Francisco would begin offering the products to investors.

Driven by investors' desire for asset-based fees and advice from investment professionals, assets in mutual fund wrap programs increased 21.3 percent in 2000 over 1999, according to Cerulli Associates of Boston.

MIAMI - Disseminating information electronically is becoming increasingly important for mutual fund companies to retain customers, capture assets and reduce costs. It is not enough, however, for companies to simply install systems and software which enhance websites and customer services.