Money Management Executive Latest News

The main drivers of markets in 2012 are likely to be similar to last year’s themes —uncertainty over the fate of the Euro, and the related question of whether or not there will be a global recession, said Alan Brown, group chief investment officer at Schroders.

TIAA-CREF has launched the TIAA-CREF Global Natural Resources Fund, aimed at providing investors with diversification, a hedge against inflation and an opportunity to participate in the growing demand for resources among the world’s seven billion population.

Goldman Sachs' asset management division has agreed to purchase the mutual fund division of Dividend Growth Advisors, in a push to offer more income-generating funds.

Advisers’ two biggest pieces of advice for clients in 2012 is continued volatility (cited by 40%) and slow economic growth (15%), the latest survey of U.S. financial advisers by Russell Investments found. The survey was conducted among 300 advisers at 132 firms nationwide.

The new Department of Labor 401(k) fee disclosure rules that go into effect on April 1 will radically shake up the industry, according to Tom Gonnella, senior vice president of corporate development at Lincoln Trust, who gave six predictions for the defined contribution industry in 2102.

NEW YORK—The United States will not fall back into another recession, Benjamin Pace, U.S. chief investment officer, Deutsche Bank Private Wealth Management, told a press briefing Tuesday.

Fifty-two percent of executives at asset management firms expect bonuses for distribution and marketing professionals to rise in 2012, and 39% foresee additional hiring, according to a Russell Reynolds survey of 529 executives.

Shaken by high unemployment, market volatility and ongoing concerns about a recurring worldwide recession, U.S. investors have entrusted only a projected $80 billion to stock and bond funds in 2011, Strategic Insight reported Monday.

In nearly 90% of high-net-worth households, women are either the sole decision maker or equal partners in decisions on charitable giving, according to a Bank of America Merrill Lynch survey in conjunction with The Center on Philanthropy at Indiana University.

Fidelity Investments has added an automated, end-to-end, web-based validation and notification service to its corporate actions service, ActionsXchange.