Money Management Executive Latest News

Mutual funds, hedge funds and pension funds are reportedly holding an all-time record level of commodities of every kind. Contracts have risen 12% this year and are 17% higher than the previous record set in June 2008, according to the Commodity Futures Trading Commission.

Citi Fund Services Ohio plans to add 300 positions to its Columbus, Ohio, operations over the next three years, partially funded with the aid of state tax credits. The center currently employs 715 people.

Securities and Exchange Commission Chairman Mary Schapiro said that the creation of a system for capturing all stock market data in close to real time is likely half as much as the $4 billion originally estimated.

A majority of advisers are optimistic about capital market conditions over the next three years, but only 7% of those advisers believe their clients are optimistic, according to a quarterly survey from Russell Investments.

Retirement benefits, specifically defined benefit programs, are critical when it comes to attracting and retaining employees.

Long-term mutual fund inflows for the week ended Dec. 1 totaled $1.04 billion, the Investment Company Institute said. This reverses outflows in the previous two weeks.

The Investment Company Institute announced Thursday that it has hired two executives on its government affairs team and promoted another person in the group.

ProShares’ new ProShares RAFI Long/Short exchange-traded fund began trading on NYSE Arca Thursday.

Contributions to 401(k)s increased in the last year, Principal Financial found in a survey of 1,159 employees and 529 retirees in October.

The Great Recession ended in June 2009, but average charitable giving from wealthy households still took a significant tumble after that, according to the 2010 Study of High Net Worth Philanthropy from Bank of America Merrill Lynch.