Money Management Executive Latest News

Penny only went to work in an investor center in October.

Mutual funds and pension funds looking at new ways to reinvest the cash they hold as collateral when they lend out securities has become a hot issue.

The Dow Jones Industrial Average last Wednesday ran past 12,227. This puts it at about the same level as in February 2007 and again in February 2008. That was sandwiched around a push past 14,000 in October 2007, when optimism was its highest about the impregnability of the housing market and the U.S. economy.

Frank Moore has joined CPI Qualified Plan Consultants as a retirement plan consultant in the Birmingham, Ala., consulting office. Moore will work with plan sponsors and financial advisers on their qualified and non-qualified retirement plan programs.

Marketing to Generation X & Y is by far more of a challenge than reaching Baby Boomers since members of these groups pride themselves on their individualism, shun traditional media in favor of splintered social networking, have become distrustful of financial services companies and investing following the recession, and are conservative investors who are fearful about their retirement prospects and more concerned about their present needs.

MIAMI, Fla. -- After the flat decade that stock-based mutual funds have had and with post-World War II baby boomers starting to retire, "it's all about income now,'' said Matt Witkos, president of Eaton Vance Distributors, at the opening of the National Investment Company Service Association 29th Annual Conference & Expo.

The fund business looks like it’s back.

The 29th Annual National Investment Company Service Association Conference & Expo opens Monday, with NICSA president Theresa Hammacher launching two assessments of the state of the fund industry.

Reflecting a slow return of investors’ risk appetite, long-term U.S. stock and bond funds took in $34 billion in inflows in January, Strategic Insight said.