Money Management Executive Latest News

Bank of America of Charlotte, N.C. is consolidating its institutional investment management.

BUENOS AIRES - Fernando Sanchez Alcazar, senior vice-president for Latin America of Fidelity Investments, said in a recent interview that his company strongly opposes a proposal by the Argentine SEC to register the sellers of some offshore funds.

Standard & Poor's and Dow Jones are currently competing to offer new international indexes.

Throughout his career, John Story has made an art of making nimble moves on the cusps of major changes in the investment management industry.

Fidelity Investments of Boston recently lost the services of Ivar Wold, who led the firm's web site and e-commerce program, and it may be difficult for the firm to find someone of his caliber to replace him.

Ralph Verni may be the only investment company executive who says that he is pleased about voluntarily returning millions of dollars to investors after a core strategy driving one of his portfolios failed.

This year's list of the 100 best companies for working mothers, published by Working Mother magazine, included several companies with ties to the mutual fund industry, but only one stand-alone mutual fund firm. For the seventh time, Calvert Group of Bethesda, MD., made the list.

Two major financial service companies - one best known for its online brokerage services and the other perceived as primarily an insurance company - introduced television advertising campaigns in the beginning of September to change their images to full-service financial service companies. Charles Schwab of San Francisco and MassMutual Financial Group's new TV ad campaigns are meant to inspire investors' confidence in their expertise as investment-management firms.

Global Investments Systems of Hackensack, N.J. got into the Polish market through what may seem like an unlikely door: Ireland.

Even if mutual fund investors are not going to pull their money out of mutual funds as the new millennium approaches, there is a good chance that mutual fund companies will have to handle a deluge of telephone calls at the turn of the century.