Money Management Executive Latest News

Cantor Fitzgerald is in the process of launching an ETF Arbitrage business that will provide customers with two-sided ETF markets, encompassing full-service execution, research and market color.

A senior employee known as an aggressive workaholic, but who seems stressed, yet rarely takes vacations, declines promotions and zealously protects his business unit from outside scrutiny while personally handling choice vendors may be up to something devious.

The debt ceiling debate, the nation’s credit rating downgrade, market declines and unemployment are taking a serious toll on investors, causing the Country Financial Security Index to fall 1.3 points in August to 62.4, a record low.

The inability of stock analysts and others to say, “Oops, I was wrong” may help cause even more serious damage in the stock market over time.

The last two weeks have been a heart-stopping roller coaster ride for investors. But don’t assume that the ride is necessarily over, said Michael Ryan, chief investment strategist at UBS.

Middle-income Baby Boomers, those earning between $30,000 and $74,000 are vastly underserved in terms of preparing for retirement, according to a new report from the Insured Retirement Institute, “Middle-Income Boomers and Retirement: Tapping the Significant and Underserved Middle-Income Market.”

The persistently weak economy and new regulations are preventing investment management firms from growing, according to a survey of 100 executives by KPMG.

The securities industry added 4,000 jobs across the United States in the second quarter, according to the Securities Industry and Financial Markets Association.

Broadridge has named Stefanie Shelley, a longtime financial services marketing veteran, chief marketing officer. Shelley had been a marketing consultant for the firm since August 2010.

Hedge funds have been holding their own amid the severe market swings of the past week, with the Dow Jones Credit Suisse Core Hedge Fund Index declining only -3.66% month-to-date through Aug. 14. By comparison, the Dow Jones Industrial Average fell -11.58% in that time, and the S&P 500 declined -13.18%.