Money Management Executive Latest News

MainStay Investments has closed its $17.5 billion Large Cap Growth Fund to new investors.

Investors in mutual funds rushed to bond funds in 2012, shunning stock mutual funds.

In today's age of smartphones, 4G speed and an app for just about everything, it's almost impossible to imagine that data, the fund industry's most strategic asset, is largely processed manually into spreadsheets.

Fidelity Investments has closed off one of its funds to new investors.

It all started with Goldman Sachs, which began publishing the daily market value of the assets held in its money market mutual funds in the United States on January 9.

If you thought the path to the mutual fund world is a straight line, then you haven't met John Brandmeyer, who transformed a family business from selling medical products to marketing funds.

For alternative mutual funds, 2012 was a mixed bag.

Normally, high-powered analytical tools for investing or trading in stocks moves the institutional and professional markets, toward the individual investor.

Scout Investments, Inc. today announced that its assets under management surpassed $25 billion earlier this month, compared to 19.7 billion at the end of 2011.

Mutual funds overall may have enjoyed a hot week of flows. But not so for money market mutual funds.