Money Management Executive Latest News

WASHINGTON — Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.

UBS Global Asset Management (Americas) is liquidating its Money Market Fund in June.

The job market in asset management may not be back to pre-crisis levels, but hiring will likely pick up after second quarter earnings reports, says recruiter George Wilbanks, president of Wilbanks Partners.

Three research analysts at Harris Associates, adviser to The Oakmark Funds, have been appointed co-managers of the Oakmark Equity and Income Fund (OAKBX).

BlackRock’s iShares is taking a stab at actively managed exchange-traded funds by expanding its Factor exchange traded fund line-up on two fronts.

Northern Trust is adding three FlexShares funds to its quality dividend fund (QDF) suite.

Minneapolis-based Whitebox Advisors has hired Mike Coffey as Head of Distribution for the firm’s mutual funds.

BMO Asset Management U.S. is furthering its reach into the retirement market.

TIAA-CREF has launched the TIAA-CREF International Opportunities Fund (TIOIX, TIOTX, TIOSX, TIOPX), which it touts as the company's first actively managed mutual fund focused on international stocks in both developed and emerging markets.

Total estimated inflows to long-term mutual funds were $4.83 billion for the week ended Wednesday, April 10, according to the Investment Company Institute.