Money Management Executive Latest News

U.S. banks have finally started extending loans to consumers for the first time since the credit crisis began in 2008.

The Securities and Exchange Commission has selected Eileen Rominger as director of the division of investment management.

Index, bond, income, alternative, emerging market and absolute-return funds had a banner year in 2010.

A private liquidity facility to provide emergency relief in a crisis to prime money market funds. Permission to float net asset values, instead of fixing them at $1 a share. A two-tier system of floating rate and stable net asset values. Mandatory redemption of shares in "in-kind" distributions of shares, rather than cash. Regulating money market funds as special-purpose banks.

Jan. 1 has come and gone. And few risk-return summaries from mutual fund companies have shown up at the Securities and Exchange Commission in interactive format.

A study released by the Securities and Exchange Commission Saturday has recommended that a single fiduciary standard be created for brokers and investment advisers.

Bank of America Merrill Lynch has reorganized its personal retirement solutions business.

The Conference Board Leading Economic Index for the U.S. rose 1% in December to 112.4, following a 1.1% gain in November and a 0.4% rise in October.

Frost Investment Advisors has launched the Frost Diversified Strategies Fund, a mutual fund that combines hedge and private equity approaches. The fund seeks to reduce downside volatility while providing upside investment opportunities.

Assets in money market funds fell by $35.08 billion in the week ended Jan. 19, the Investment Company Institute reported Thursday.