Money Management Executive Latest News

For the week ending Wednesday, December 26, mutual funds and exchange-traded funds reported net inflows of $3 billion, excluding the inflows of $18.2 billion to money market accounts, according to data from Lipper.

The Investment Company Institute and the U.S. Chamber of Commerce today filed a notice of appeal of a recent ruling by the U.S. District Court for the District of Columbia upholding the Commodity Futures Trading Commission’s rule requiring mutual funds with commodities investments to register with the agency.

Remember the hype surrounding 130/30 funds a few years back? Well, some have gone the way of the dinosaur and some just simply changed their name a la the MainStay 130/30 Core Fund.

TCW Funds is liquidating a pair of 2-Star funds within the next two months.

The TCW Group has added a pair of alternative investment shops and a new head of alternative products to its Christmas stocking this year.

Eaton Vance is closing its Eaton Vance Atlanta Capital SMID-Cap to new investors on January 15, 2013, according to a Securities and Exchange Commission filing.

Total estimated outflows from long-term mutual funds were $4.49 billion for the week ended Wednesday, December 19, according to data from the Investment Company Institute.

The Financial Industry Regulatory Authority has ordered Pruco Securities, a securities broker-dealer owned by Prudential Financial, to pay more than $10.7 million to customers who placed mutual fund orders via facsimile or mail and received an inferior price for their shares.

Base salaries for hedge fund and mutual fund managers are projected to increase 3.5% and incentive pay is projected to rise by 0-10% from 2011 to 2012, according to a new study from Greenwich Associates and Johnson Associates.

State Street Global Advisors is currently prepping three new exchange-traded funds to add to its lineup.