Money Management Executive Latest News

Kip Meadows is the founder and acting chairman of Nottingham Investment Administration, which services more than $25 billion in assets for mutual funds and asset managers. As CEO, Meadows assists clients with the formation of new funds and improving the efficiencies of the foundations, endowments and government investment pools that it serves.

Few intermediaries have provided as much impact for mutual fund companies as The Charles Schwab Corporation.

New York-based Water Island Capital is reopening its $2.95 billion Arbitrage Fund, which has been closed to new investors since July 19, 2010, on March 15, according to a Securities & Exchange Commission filing.

Thanks to stagnant interest rates and lingering worries over the Eurozone and other developed markets, the exchange traded fund market in February grew 3.9%, or more than $44 billion assets, over the previous month, according to a snapshot report released by State Street Global Advisors.

The exchange-traded product market reached $1.72 trillion of assets at the end of February, up 12.8% year to date, according to the ETF Landscape report issued by the BlackRock Investment Institute.

Charles Schwab Investment Management, Inc. has filed paperwork with the Securities & Exchange Commission to launch active exchange-traded funds, which are getting a lot of buzz courtesy of PIMCO’s latest offering and iShares’ proposed fund.

Nuveen Fund Advisors and GuideStone Funds garnered the top group honors at the 2012 U.S. Lipper Fund Awards last night.

On the heels of Bill Gross’ latest active exchange-traded fund, BlackRock has thrown its hat into the active ETF space with a proposed offering of its own.

J.P. Morgan Worldwide Securities Services has hired Stephanie Miller as Global Head of the Alternative Investment Services business.

PIMCO’s All Asset All Authority institutional fund received a Gold rating this week from Morningstar Analyst Ratings—the only fund to do so this week.