Money Management Executive Latest News

Northern Trust is touting the rapid growth of its’ defined contribution assets.

Kris Jenner, the former top stock picker at T. Rowe Price Group, has raised more than $100 million for a hedge fund to invest in health-care and biotechnology stocks, Bloomberg reports, citing a person with knowledge of his plans.

Average expense ratios continued their precipitous decline during 2012 much to the delight of mutual fund investors, according to an annual Investment Company Institute report on fund expenses and fees.

Investors poured $16.9 billion into exchange-traded funds in March, bringing the first-quarter total to $53.1 billion, according to data from Morningstar.

ING is embarking on a rebranding voyage. Following an initial public offering, the company will rebrand to Voya Financial.

Horizons ETFs Management (USA), a subsidiary of Seoul, Korea-based Mirae Asset Global Investments Co. has appointed Joe Cunningham as Head of Capital Markets for Horizons USA.

Investors poured a record $246 billion into mutual funds and exchange-traded funds in the first quarter, according to industry tracker, Strategic Insight.

Mutual funds gained $8.84 billion for the week ended Wednesday, April 3, according to the Investment Company Institute.

Mary Jo White was sworn in this morning as the 31st Chair of the Securities and Exchange Commission.

A quarterly Northern Trust survey of investment managers reveals that they were optimistic about the U.S. economy in the first quarter of 2013, buoyed by their positive expectations for housing, jobs and corporate profits in the face of across-the-board federal budget cuts went into effect on March 1.