Money Management Executive Latest News

Calling the odds of a recession in the U.S. and beyond “uncomfortably high,” Morgan Stanley Smith Barney says it has shifted to an overweight position in safe haven assets and is underweighting risk assets. The change is “the most significant change to our tactical asset allocation in more than two years,” Morgan Stanley Smith Barney’s Chief Investment Officer Jeff Applegate and two colleagues wrote in a November markets report.

NEW YORK—“We believe in back-to-basics, commonsense investing with the goal of achieving some return above inflation while seeking lower volatility,” said Suzanna Hutchins, investment manager of global funds at Newton, an affiliate of BNY Mellon.

Citi Prime Finance had launched “Hedge Fund 3.0,” an outsourcing operating model to cover the core functions of launching, managing and building out successful hedge funds. With the aid of this program, Citi said, hedge funds can focus instead on their investment management, marketing and investor relations.

When CLS Investments convenes a meeting of its financial advisers these days, the chances are pretty good that technology will be on the agenda.

Global X Funds has launched the Global X Social Media Index ETF (SOCL), which it says is the first ETF that will globally focus on social media companies. The fund will cover companies that provide social networking, file sharing and other web-based media applications.

Cray launched an integrated file system that transfers more than 1 trillion characters of information a second. And it replaced IBM as the computing power behind a science project intended to push the limits of memory, data management and speed of processing.

Only 4% of plan sponsors have established goals to engage workers younger than 35 in their defined contribution plans, even though they know the younger generation's participation and contribution rates lag their older colleagues, a survey by Greenwich Associates for Northern Trust finds.

Prudential Retirement has launched a website dedicated to assisting plan sponsors and advisers help Americans put aside the money they’ll need for retirement and guarantee a sustainable source of income throughout its duration.

Corporate acquisitions using overpriced shares of stock rarely do much to cushion the decline the shares eventually suffer, according to a new study.

More than $1.2 trillion has been redeemed from equity mutual funds since September 2008, and retail outflows year-to-date through September have surpassed $89 billion-on pace to be greater than all of the money that fled mutual funds in 2008, said Ron O'Hanley, president of asset management and corporate services at Fidelity Investments.