Money Management Executive Latest News

The merger of NYSE Euronext and Deutsche Boerse has been cleared on the New York side of the Atlantic Ocean.

Total retirement assets were $17.0 trillion as of Sept. 30, down 7.5% from a record high of $18.4 trillion as of June 30, the Investment Company Institute said Wednesday, attributing most of the decline to the 13.9% decline in the S&P 500 Index in the third quarter. Assets might have declined even further were it not for automatic contributions to 401(k)s, the ICI said.

After a decade marked by two severe bear markets, 401(k) investors have adopted a more balanced approach to their portfolios, according to a report released Wednesday by the Investment Company Institute and the Employee Benefit Research Institute.

Deutsche Boerse and NYSE Euronext have offered to cap fees on trading in their European derivatives contracts for three years in their last-ditch effort to get their $9 billion merger cleared by the European Union.

inShareWells Fargo & Co. has signed a deal to acquire investment boutique EverKey Global Partners.

For once, it’s the whippersnappers who are behaving more wisely. At least when it comes to saving, Generation X and Generation Y workers are more diligent than their peers.

inShare WASHINGTON — Federal regulators Tuesday unveiled a highly-anticipated proposal that details how they plan to regulate the largest domestic financial firms, including new capital and liquidity requirements.

Dalbar has announced its 2011 Mutual Fund Service Award Winners in Financial Services—with top honors for customer service going to:

Versus Capital will launch a retail mutual fund-of-funds that invests directly in income-producing real estate—a type of investment typically only available to institutional investors. Callan Associates will serve as sub-advisor.

Global X Funds is liquidating eight of its exchange-traded funds, including a fund focused on emerging markets and another on waste management. All of the funds trade on NYSE Arca. The eight closings, scheduled for Feb. 27, with the last day of trading on Feb. 16, are: