Money Management Executive Latest News

Although fund managers say that preparing to comply with the provisions of the Dodd-Frank Wall Street Reform Act is top of their agendas, they are pretty much in the dark about what to do, according to a survey conducted by SimCorp., a technology firm specializing in investment management.

There is a new dynamic today between hedge funds, investors and hedge fund administrators, according to State Street Corp.’s new Vision Report, “Hedge Funds: Rebuilding on a New Foundation.”

Even as unemployment numbers remain markedly high, the number of high-net worth individuals in the U.S. continued to increase in 2010, according to Capgemini’s 2011 U.S. Metro Wealth Index.

Eighty-seven percent of Americans with $500,000 or more in investable assets agree that the size of the U.S. government deficit is a major concern, a survey by research firm TNS found.

Charles Schwab is a bit late to the party with its new U.S. Aggregate Bond ETF -- but the company may use its brokerage platform to help even the playing field.

For years, PIMCO’s taxable bond Total Return Fund (PTTRX) has been a top-performer in its class, with five-star ratings from both Morningstar and S&P, five-year annualized trailing returns of 8.9%, and a manager, William Gross, widely respected as among one of the top in industry.

ProShares has launched the ProShares Hedge Replication ETF, benchmarked against Merrill Lynch’s hedge fund replication model.

Van Eck Global has launched the Market Vectors CEF Municipal Income ETF (ticker: XMPT), which it says is the first exchange-traded fund to focus on closed-end municipal bond funds.

T. Rowe Price has developed a free financial educational book for kids called “Journey to Your Dream Goal” that can be downloaded at the T. Rowe Price Family Center website.

Assets in exchange-traded funds in the U.S. will double to $2 trillion by 2015, according to a new report from BNY Mellon and Strategic Insight. Non-traditional investment strategies, which currently comprise 30% of ETF assets, will drive most of this growth, the two companies said.