Money Management Executive Latest News

While 52% of registered investment advisors say a double-dip recession in the next six month is unlikely, their clients are nonetheless looking to reduce expense, cut back on discretionary spending and making more conservative investment choices, according to Charles Schwab’s 10th semi-annual Independent Outlook Study released Wednesday.

A recent survey of 3,300 working Americans conducted by Putnam Investments disclosed that American households are on track to replace only about 64% of their current income in retirement -- significantly less than the 75% of income that most financial professionals recommend.

Analysts at Standard & Poor's are looking to exchange-traded funds rooted in individual countries as a vehicle for advisors and their clients to compensate for sustained weakness in the U.S. economy.

The transmission of market data messages hit a new peak of 6.1 million messages a second Monday, as financial markets whipsawed in reaction to "news and rumors about the debt crisis in the Euro zone,'' Exegy said Tuesday.

The Depository Trust & Clearing Corp. is seeking industry comment on a new service designed to cap its own liquidity risk when it covers the default of a clearing member.The new service, called Continuous Net Settlement for Value, would allow DTCC to place "debit caps" on obligations of its National Securities Clearing Corp., in the event of a default that it has to cover. A debit cap would establish the maximum dollar amount that could be charged against the NSCC, in a default. NSCC would remain the central counterparty to a transaction but would not suffer a liquidity shortfall.Currently, the NSCC funds obligations of a defaulting member in the short term and may not always have immediate access to that firm's positions to complete its obligations. Therefore, NSCC must always have the correct amount of liquidity it needs on hand.

PALM DESERT, CALIF.—“The past 60, 90 days have been the craziest that risk managers have ever faced in their careers, in terms of the national debate over the U.S. debt ceiling, market volatility and a host of other key risks asset managers are now facing,” said Joseph A. Carrier, chief risk officer at Legg Mason.

Palm Desert, Calif.—Driving down costs with more technological innovation and avoiding regulatory hurdles and losses through far more robust risk management are two of the key concerns of mutual fund boards today.

Instinet said it handled 43 percent more volume in the trading of stocks in the United States in August, compared to July.

Long-only institutional traders are widely worried about the impact of high-frequency trading programs on the shape of equities markets, according to a survey conducted on behalf of Liquidnet, operator of a venue for trading anonymously in large blocks of shares.

Forty-two percent of hedge fund managers became bearish on stocks in August, up markedly from 27% who were pessimistic in July, according to a survey by BarclayHedge and TrimTabs Investment Research. This is the largest percentage of bearish hedge fund managers in a year.