Money Management Executive Latest News

Back in 1994, John Reed was elected chief executive of Citicorp, shares of stock in India were traded in lots of one and Neeraj Sahai became a management associate charged with helping handle relations with large financial institutions in Mumbai.

As the unified managed accounts business grows in size, so do the potential for errors when it comes to communicating information about investment models.

Flexibility. Tactical allocation. Macroeconomic analysis.

Wirehouses have lost headcount and asset share even as the average assets under management per adviser in the channel has risen, according to a new report released Friday from Cerulli Associates.

U.S. firms were the most active acquirers of emerging markets companies in the first half of 2011, according to KPMG International, closing 144 deals. This was nearly twice the 82 acquisitions by Canada. The U.K. made 62 deals, followed by Japan, with 61.

The Dow Jones Credit Suisse Hedge Fund Index fell for a second straight month, finishing down 3.2% in September, but beating the Dow Jones Global Index’s 9.88% decline.

The Mutual Fund Directors Forum has named Susan Ferris Wyderko as president and chief executive officer, replacing Forum founding President Allan Mostoff, who will retire on Dec. 31.

Former Wasatch Portfolio Managers Robert Gardiner and Blake Walker, who formed Grandeur Peak Global Advisors, have launched their first two mutual funds: the Grandeur Peak Global Opportunities Fund and the Grandeur Peak International Opportunities Fund.

In light of the continued market volatility, Russell Indexes is expanding its Defensive and Dynamic Indexes to cover all 10,000 stocks that it tracks around the world.

Vanguard has filed with the SEC to offer the Vanguard Target 2060 Retirement Fund for those currently 18 to 20 years old, and early next year will merge the Vanguard Target Retirement 2005 Fund and the Vanguard Target Retirement Income Fund, as their allocations have become nearly identical.