Money Management Executive Latest News

Loomis Sayles on Wednesday launched the Loomis Sayles Absolute Strategies Fund, a flexible, risk-managed absolute return fund.

After superior fund performance, advisers look for breadth of product knowledge and business-building support, according to a new study by Cogent Research, Adviser Touchpoints 2010, released Tuesday.

Investors pulled $4.0 billion out of long-term stock funds in November, according to Morningstar. That brings the total outflow to $67.7 billion for the year.

The Financial Services Authority is asking fund managers to improve how they monitor risks involved with derivative transactions.

Legg Mason has hired Peter H. Nachtwey as chief financial officer and a member of its executive committee, reporting to Chairman and CEO Mark R. Fetting.

Baby Boomers are set to inherit $8.4 trillion, and have already inherited $2.4 trillion, according to The MetLife Study of Inheritance and Wealth Transfer to Baby Boomers. Overall, two-thirds of Baby Boomers stand to receive some inheritance in their lifetime.

Ninety-six percent of institutional investors overwhelmingly believe Europe will be able to avoid a “full-fledged crisis,” according to the inaugural Barclays Capital Global Macro Survey.

The outlook of chief executive officers of leading companies improved significantly in the fourth quarter from the previous quarter, according to the Business Roundtable’s 2010 CEO Economic Outlook Survey.

Wall Street’s bonus picture for 2010 is not looking good.

According to a study by ING Retirement Research, investors who work with a a financial professional report saving significantly more for retirement.