Money Management Executive Latest News

Two more firms are staking their claims to the growing exchange-trade fund space.

Mary Schapiro, the former chairman of the U.S. Securities and Exchange Commission, has joined Promontory Financial Group as a managing director and chairman of its governance and markets practice.

Alternative mutual fund shop Simple Alternatives has added Clark Jones as a portfolio manager expanding the investment team managing the firms’ flagship S1 Fund (SONEX).

The global exchange-traded product industry recorded its best Q1 on record amassing flows of $70.1 billion compared to the previous record of $65.5 billion set last year, according to Blackrock’s latest ETP Landscape Monthly Snapshot.

Stadion Money Management has launched the Stadion Market Opportunity Fund, which will bet on broad market, sector/region and commodity exchange-traded funds.

The majority of asset managers have increased their resources dedicated to the bank trust channel, according to new research from Cerulli Associates.

iShares is currently prepping the MSCI Colombia Capped ETF to launch within the next few months.

Investors have major trust issues with their advisors.

Logan Circle Partners, a subsidiary of Fortress Investment Goup, said Monday that it has hired a Goldman Sachs Asset Management (GSAM) lead investment officer to head a new growth equities team.

New research from PIMCO says that the majority of consultants think plan sponsors should offer their 401(k) plan participants target date or target risk strategies of the active management variety.