Money Management Executive Latest News

Federated Investors of Pittsburgh is collaborating with Native American asset managers to create the first fund family for Native Americans. The first fund will be called 4 Winds Treasury Money Market Fund. The family's aim will be to get a large proportion of the money invested by the 500 tribes in the U.S., a figure calculated to be a total of $15 billion.

The American Odyssey Funds, the mutual fund unit of Copeland Companies of East Brunswick, N.J., fired one of the sub-advisers of its American Odyssey Core Equity Fund, according to a statement the company filed with the SEC early this month.

John Hancock Financial Services of Boston has announced three alliances that are designed to increase distribution of the company's products through banks.

Liberty Financial Companies of Boston has announced that 17 of its mutual funds will be consolidated into 10 already existing Liberty funds.

Zurich Capital Markets of New York, a unit of Zurich Financial Services Group of Zurich, Switzerland, is waging a proxy fight to defeat a proposal that would renew the First Australia Fund's advisory agreement with the Equitilink Group of Sydney, Australia.

The Calvert Group of Bethesda, Md., has announced that it will provide research and screening advice to a new fund offered by Acuity Investment Management of Toronto.

American General of Houston, the financial service organization with assets of $123 billion under management, has announced that it has realigned its operations into two divisions - asset accumulation and financial services.

HedgeWorld.com of Rye, N.Y. plans to introduce an online supermarket for hedge funds.

New York Life Investment Management LLC has named Beverly J. Moore, managing director of marketing of its subsidiary, MainStay Management LLC, of Parsippany, N.J.

The assets under management of Stilwell Financial of Kansas City, Mo. dropped to approximately $300 billion in the third quarter, the company announced.