Money Management Executive Latest News

Deloitte Consulting has promoted Elizabeth Krentzman from principal to head of its mutual fund practice, a new position at the firm that oversees its auditing, tax, financial advisory and consulting businesses for the fund industry.

Franklin Templeton has launched the Franklin Templeton Global Allocation Fund, which will take a tactical asset allocation approach and consistently adjust its allocations to a widely diversified portfolio of equities, fixed income, cash and derivatives.

Forty-two percent of hedge fund managers became bearish on stocks in August, up markedly from 27% who were pessimistic on equities 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.

Natixis Global Advisors has acquired a controlling interest in Darius Capital Partners, an investment advisor that offers a menu of third-party hedging strategies. These include Undertakings for the Collective Investment of Transferable Securities (UCITs), managed accounts, hedge funds, hedge fund replicators, funds-of-funds and alternative exchange-traded funds.

The vast majority of retail advisers now use alternative products or strategies for their clients-but that number is a bit misleading, a new study finds.

Mutual funds looking for new and more effective ways to interact with their Baby Boomer clients-or find new ones-should be inspired by a new Pew Research Center report that found social networking participation among this highly coveted group surged more than 60% in the past year.

Investors have developed a serious aversion to U.S. equity mutual funds, which is upsetting the balance of fund flows, according to Morningstar.

Using central clearinghouses to process swap transactions will be a lot safer than the current process of two parties negotiating a contract between themselves, right?

It's been 10 years.

Morningstarhas promoted William Harding to head of manager research for its investment management division, a new position in which Harding will develop best practices in investment manager research and selecting.