Money Management Executive Latest News

Jim Craig, the chief investment officer and director of research at Janus of Denver, will leave the firm at the end of September after having been with Janus the past 17 years.

SEI Investments of Oaks, Pa. will introduce after-tax performance reporting for all SEI investor accounts in the fourth quarter of this year.

Calvert Group of Bethesda, Md. filed with the SEC Aug. 4 to offer the Calvert Social Investment Fund Technology Portfolio.

Mellon Financial Corporation of Pittsburgh has formed a partnership in Brazil to produce defined-contribution funds. The partnership, which is being handled by Mellon's joint venture in Brazil, will, in turn, rely on one of the country's leading insurers to market the funds.

Standard & Poor's Fund Services of New York has begun providing fund data and commentary to askU.com, a Japanese website that rates and reviews Japanese investment trusts, said Sandy Braggs, executive managing director for S&P Fund Services.

State Street Global Advisors of Boston and Chuo Mitsui Trust of Tokyo will launch a joint venture in September offering Japanese institutions indexed investment products, the companies announced today.

Jundt Associates of Minneapolis, Minn. plans to transfer ownership of almost all of the privately-held investment management firm's shares to Marcus Jundt, 35, son of James Jundt, 58, the firm's founder, chairman and chief executive officer.

StockJungle.com Investment Advisers, Inc. of Culver City, Calif. will outsource shareholder services for the three funds it advises in an effort to expand sales and improve shareholder services, said Brian Levy, president and chief operating officer of StockJungle.com.

Allen Williamson has joined Nuveen Investments of Chicago to head up Nuveen's separate account business. Williamson worked at Merrill Lynch of New York for 22 years, most recently as head of sales and marketing, high-net-worth advisory services.

NEW YORK - The American Stock Exchange is close to filing a patent for an actively-managed exchange-traded fund, but the structure of such a fund is still a mystery, said Debbie Fuhr, a vice president with Morgan Stanley & Co. International of London, a subsidiary of Morgan Stanley Dean Witter of New York.