Money Management Executive Latest News

A case brought by Oppenheimer & Co. failed to prove allegations that Citigroup Global Markets Inc. unlawfully raided its firm of nine high producing brokers, a Financial Industry Regulatory Authority panel has ruled.

Renewed growth in the asset management business combined with new regulations will give a boost to the fund administration business in 2011, Confluence predicts.

In an SEC filing, Grail Advisors, a provider of actively managed exchange-traded funds launched in January 2009, indicates it may be in the process of being acquired. Should that fail, it may liquidate its actively managed ETFs.

The RBC Consumer Outlook Index dipped to 44.9 in, slightly down from the post-recession high of 45.2 that it reached in December. The index is based on a survey of 1,007 adults conducted by Ipsos.

As the market becomes more volatile and liquidity difficult at times, SEI has enhanced its middle-office services by enhancing its pricing and valuation capabilities.

Janus on Thursday announced the launch of the Janus Global Bond Fund and the Janus Emerging Markets Fund. They are the firm’s first standalone strategies in the global credit and emerging market equity categories.

The Investment Company Institute reported back-to-back weeks of net inflows to mutual funds that invest long-term in U.S. stocks, a rarity since the May 6 Flash Crash.

Assets held in exchange-traded funds reached $994.5 billion by the end of 2010, according to data compiled by the National Stock Exchange. That is up 27.1%, compared to a year earlier.

Morningstar announced its 2010 Fund Managers of the Year Wednesday. The awards are based not just on performance in 2010 by over the long term, as well as on fiduciary responsibility for investors’ capital.

The price war among the largest exchange-traded fund companies is expected to heat up and even impact fixed income and emerging markets ETFs.