Money Management Executive Latest News

Don’t be surprised to see a Vanguard coffee truck at a corner near you.

Greg Francfort, who most recently served as director of Neuberger Berman’s global equity research team, will be joining the firm’s MLG Group, which manages approximately $7 billion in assets for individuals, institutions and mutual funds.

Paul Fenner, president and founder of DreamWorks Capital Management, LLC, has launched a new investment management firm to providw investment advisory services to individuals, institutions, and small- and medium-sized businesses.

Insurer and wealth manager The Hartford is trimming its focus to a few core business areas: property and casualty, group benefits and mutual funds.

Alternative investment manager Direxion has launched an exchange-traded fund that provides investors with equal weighted exposure to the constituents of the NASDAQ-100 index.

Global accounting firm Ernst & Young has expanded its West Coast asset management tax practice with four new hires.

Quantitative hedge fund manager Hagin Investment Management has launched an equities market neutral product aimed for mutual fund investors.

Caribou Coffee Company, Inc. has selected Indianapolis, IN-based McCready and Keene, an actuarial and retirement benefits consulting firm, as the exclusive service provider for its 401(k) plan, which currently has 6,000 employees and more than $7.5 million in assets, which transferred on March 1.

Loomis, Sayles & Company has hired Jeffrey Schwartz to serve as the new co-manager of the firm’s small and mid-cap core strategies, including the Loomis Sayles Small Cap Value Fund.

The SEC’s 
Office of Compliance Inspections and its Division of Enforcement are getting ‘increasingly collaborative.’ That may be turning routine exams into launchpads for enforcement actions.