Money Management Executive Latest News

WHV Investment Management today announced that Andrew Turner will join the company as president and chief executive officer, replacing Judith Stevens who is retiring next month after more than three decades with WHV.

Emerald Asset Advisors is starting out the New Year with one less fund to worry about.

Southfield, MI-based Advance Capital Management’s Board of Directors today passed a resolution terminating the sub investment advisor relationship with Birmingham, MI-based Seizert Capital Partners.

Parametric Portfolio Associates, a subsidiary of Eaton Vance Corp. (EV), and The Clifton Group Investment Management Company announced today the completion of the previously announced purchase of Clifton by Parametric.

Morningstar today gave props to a few funds that that the research firm said went from worst to first in 2012.

Total money market mutual fund assets increased by $28.39 billion to $2.665 trillion for the week ended Wednesday, December 26, according to data from the Investment Company Institute.

Morningstar has reaffirmed or identified 38 funds as Morningstar Medalists, giving out Gold ratings to 17 funds.

Federated Investors is looking to fold a 2-Star rated fund into a 4-Star rated fund.

Mohamed El-Erian, chief executive officer and co-chief investment officer of Pacific Investment Management Company, is adding another title to his business card.

This holiday season has been a mixed bag for TCW Group.