Money Management Executive Latest News

Fund managers are always looking for solid returns and growth in assets under management.

A majority of finance professionals are cautiously optimistic about growth in 2012, a survey by Accounting Principals, a finance and accounting staffing company, found.

The Conference Board Leading Economic Index for the U.S. increased sharply in October, by 0.9%, to 117.4 (2004 = 100). This follows a 0.1% increase in September and a 0.3% increase in August.

Jon B. Lovelace of The Capital Group passed away Wednesday at age 84. In 1951, Lovelace joined Capital Group, which his father, Jonathan Bell Lovelace, founded.

Bill Miller will cede his position as chief investment officer of Legg mason in April. Sam Peters will become CIO and take over as portfolio manager of the $7.4 billion Value Trust fund. Peters will also become lead manager on the Value Equity strategy. However, Miller will remain chairman of Legg Mason continue to run its Opportunities trust.

A topic of great concern to RIAs as markets remain volatile is how to manage portfolios for skittish clients, according to a survey by Invesco and Cogent Research. The survey covered 206 RIAs with an average of $488 million in investable assets.

A lot more mass affluent investors know what a CFP is than was the case just a few months ago. That’s what an early study of the CFP Board’s four-year, $40 million advertising and brand awareness campaign shows, the board reported in a media briefing this week.

The International Securities Exchange said Thursday that it intended to provide venture capital to the exchange-traded product industry.

Asset management firms recorded average profitability of 28% through 2010 and the first half of 2011, according to a new McKinsey report.

What if a fund manager could eliminate the custodian bank when it lends securities to a broker overnight?