Money Management Executive Latest News

A hedge fund services unit of Citigroup in Bermuda has become the latest in a line of third-party middle and back office service providers to be sued by the trustee liquidating Bernard Madoff’s firm to recoup collect funds for disgruntled investors.

Goldman Sachs Asset Management has just launched the Goldman Sachs India Equity Fund and recently debuted the Goldman Sachs Korea Equity Fund. The portfolios seek long-term capital appreciation by investing in local Indian and Korean equities.

When it comes to finding sub-advisory mandates, the size of the asset management firm is not a key consideration, according to a survey of 33 companies by Financial Research Corp.

Asset management firms without hybrid wholesalers are missing out on opportunities to pursue additional business opportunities affordably—and profitably, according to Kasina’s study, “Excellence in Distribution: Hybrid Wholesaling.”

A trickle of corporate cash is beginning to flow into acquisitions, business launches and other capital expenditures, according to the 2011 AFP Liquidity Survey by the Association for Financial Professionals.

U.S. retirement assets rose 3% from year-end 2010 to $18.1 trillion as of March 31, the Investment Company Institute said.

While France has devised a plan to roll over Greece’s debts, and the Greek parliament -- in the face of a national strike and major protests -- just passed austerity measures requested by the European Union, these early signs that worst of the Greek debt crisis is over doesn't mean investors can relax and assume all is well.

After a brief recovery in May the State Street Global Investor Confidence Index fell back below 100 in June, losing 5.1 points to settle at 99.2.

In a recent survey of nearly 3,300 working Americans to determine current levels of retirement preparedness, Putnam Investments identified three key variables that boost workers’ retirement savings, regardless of their income: consistent, long-term saving, access to financial advice and workplace savings plans.

Couples approaching and even already living in retirement are struggling with communication, planning and management of their retirement finances, Fidelity Investments found in a May 2011 survey of 1,296 husbands and wives.