Money Management Executive Latest News

U.S. stock and options markets closed today, the first unscheduled, market-wide shutdown since September 2001, and may remain closed Tuesday, the Wall Street Journal reports.

Wells Fargo Advisors Financial Network has added four practices.

Huntington Funds is on a roll.

By almost any measure, trust in financial services firms have fallen to new lows or close to them.

A delegation of fund firms, including BlackRock and Fidelity Investments, who are meeting with the Securities and Exchange Commission and Treasury Department officials today to discuss proposals for a potential compromise on money market fund reforms.

Legg Mason has filed an application with the Securities and Exchange Commission for an exemption order for two equity and one fixed income offering via an ETF Trust.

Goldman Sachs is calling it quits in Brazil, Korea and India.

Since Hatteras Funds acquired the Alpha Hedged Strategies Fund in 2009 from AIP Mutual Funds, the fund family has grown to $700 million in assets under management.

Money Management Executive, in conjunction with co-sponsor NICSA, presented the 2012 NOVA Awards on Oct. 18 at NICSA's General Membership Meeting in Boston.

Value Line Funds has combined the Value Line U.S. Government Money Market Fund (VLCXX) into the Reich & Tang Daily Income Fund - U.S . Government Portfolio, effective October 19.