Money Management Executive Latest News

Investors can't seem to get enough information on emerging markets and the funds that invest in them at Federated Investors.

Nearly 150 hand-picked and already highly successful Bank of America Merrill Lynch financial advisers next month will embark on what amounts to defined contribution retirement training boot camp at The Retirement Advisor University (TRAU) in pursuit of a Certified 401(k) Professional designation to further their DC expertise and differentiate themselves from other practitioners.

A perfect storm of eroding Social Security trust funds, high unemployment and a flood of Baby Boomers all hitting retirement age at the same time will put enormous strain on Social Security for the next two decades, forcing retirees and their advisers to come up with alternative retirement income plans and strategies to make ends meet.

As unified managed accounts become a larger part of the evolving separately managed accounts (SMA) marketplace, account managers, distributors, technology firms and Depository Trust & Clearing Corp are learning how to avoid "failure to communicate."

Craig M. Lewis has been named chief economist and director of the Division of Risk, Strategy, and Financial Innovation at the Securities and Exchange Commission.

The Conference Board Leading Economic Index for the U.S. ticked down by 0.3% in April to 114.0 (2004 = 100), following a 0.7% increase in March and a 0.9% increase in February.

Calamos International is now making its three-year-old Calamos Emerging Markets Fund available as a UCITS.

A Financial Industry Regulatory Authority (FINRA) arbitration panel awarded $1.7 million to a Texas man and the estate of his deceased wife, after finding that a former independent contractor at Raymond James Financial Services improperly managed their portfolio using life insurance and variable annuities.

More workers are delaying retirement, according to The Conference Board.

Palmer Square Capital Management, a manager of hedge funds-of-funds and customized alternative investments, had launched its first open end mutual fund, the Palmer Square Absolute Return Fund.