Money Management Executive Latest News

Assets in money market mutual fund assets decreased by $33.2 billion, in the week ended Dec. 15, the Investment Company Institute said Thursday.

Hedge fund managers found it a little easier to hang out their own shingles in the third quarter.

ConvergEx is acquiring Barclays Bank’s RealTick global, multi-broker and cross-asset execution platform. Financial terms of the deal, expected to close before the end of the year, were not disclosed.

Americans are beginning to have faith in the markets and the economy, Putnam Investments found in a survey of 1,000 people.

The Financial Industry Regulatory Authority has censured Citigroup Global Markets after finding the financial services firm failed to report transactions promptly to its Trade Reporting and Compliance Engine.

U.S. equities are the primary beneficiary of improving global investor sentiment, according to the BofA Merrill Lynch Survey of Fund Managers for December.About 44% of respondents expect the world’s economy to strengthen in 2011. And with the continuing problems in Europe’s debt market, investors are turning to U.S. equities, according to the survey.

Long-term funds had outflows of $3.25 billion for the week ended Dec. 8, the Investment Company Institute said.

Advisers who have admonished clients to spend wisely during their working years and adjust their expectations for retirement can take heart: Americans are coming around, according to a study by Hartford Financial.

Small and medium sized businesses are ready to hire again, according to a survey by employment agency AppleOne, released Wednesday.

Low wage growth and no annual cost of living adjustments by Social Security will undoubtedly result in greatly reduced Social Security benefits, The Senior Citizens League said in a report issued Wednesday. Those who become eligible for benefits in 2011 will receive lower benefits than those born a year earlier.