Money Management Executive Latest News

With the deadline to register with the Securities and Exchange Commission less than three months away, consultants and other hedge fund experts are urging fund managers to get ready-and fast.

Asset management firms have never been known for edgy marketing and advertising. Their reputation has always been staid and stoic.

Pioneer Investments Friday announced the launch of two new funds, the Pioneer Absolute Return Credit Fund and the Pioneer Multi-Asset Floating Rate Fund.

A federal judge in Orlando, Fla., has permanently barred Richard Goble, president of a defunct clearing firm and a critic of the Financial Industry Regulatory Authority, from the securities industry and ordered him to pay a fine of $7,500.

Built-up demand for health savings accounts helped to account for a solid 2010 for J.P. Morgan’s HSA business, according to David Josephs, managing director with the company.“I think there was a lot of standing on the sidelines in 2009 and 2010, waiting to see what happened with healthcare reform,” he says. “When that was cleared up, I think there was some pent-up demand for high-deductible health plans and HSAs, and all of that has that gotten released.”

Worries about the future of Social Security and of Medicare, as well as the experience of the last market crash in 2008-9 and the housing slump, have left an increasing number of Americans worried about whether they will have adequate resources to provide for their retirement years, and are making them more open to financial advice.That’s one finding from the latest annual Survey of Worker Attitudes Towards Retirement Savings Needs conducted by the Employee Benefits Research Institute (EBRI).

BNY Mellon announced Thursday it has agreed to buy Chicago-based Talon Asset Management' s wealth management operations, which have more than $800 million in assets under management.

Fidelity Investments has expanded its marketing consulting program for financial advisers with a new “Business Development and Marketing Planning Toolkit.”

HSBC Global Asset Management has launched two emerging market debt funds. The HSBC Emerging Markets Debt Fund will invest in fixed income issued in emerging markets, and the HSBC Emerging Markets Local Debt Fund will invest in fixed income issued in emerging markets denominated in local currencies.

Horizon Asset Management and Kinetics Asset Management announced Thursday that they will merge on May 1 to form Horizon Kinetics, an investment advisor with $9.8 billion in assets under management.