Money Management Executive Latest News

Fidelity announced Monday that the interactive “maze” advertisement it created for an advertisement on The Wall Street Journal iPad application has been viewed by more than 180,000 people since it launched on Oct. 22.

Capgemini has acquired IT firm Thesys Technologies Private Ltd. of India. Terms of the deal were not released.

Chinese regulators have approved the first mutual fund to invest in gold, as inflation fears stemming from loose monetary policies in the U.S. are driving interest in the commodity.

The algorithm has come to research. Fund management firms are quickly embracing a growing set of automated tools to manage and evaluate research on potential investments.

The Securities and Exchange Commission, Federal Bureau of Investigation and the office of Manhattan U.S. Attorney Preet Bharara are readying insider-trading charges against numerous financial professionals.

John C. Bogle is a titan of the mutual fund industry, identified most closely with steadfastly promoting the investing principles of slow and steady growth and truthful financial reporting.

A principal aim of the impending cost basis reporting law is to enable the IRS to capture lost tax revenues due to inaccurate or underreported filings. Brokers and custodians are now scrambling to ensure their accounting systems will be compliant with the regulations, expected to take effect Jan. 1, 2011. However, the law will impact firms in other ways they may not yet realize.

John C. Bogle, founder and former chairman and CEO of Vanguard, has received many awards in his lifetime. In 1999, Fortune designated him one of the investment industry's four "Giants of the 20th Century." Princeton University honored Bogle with the Woodrow Wilson Award for "distinguished achievement in the nation's service." In 2004, Time named Bogle one of the world's 100 most powerful and influential people.

James F. Mullery, a 22-year veteran of the financial services industry, has joined Security Benefit as a corporate senior vice president and president for the company's Personal Retirement Savings initiative set to launch in early 2011.

1774-Adriaan van Ketwih creates investment trust for investors limited capital in Netherlands called Eendragt Maakt Magt ("unity creates strength.")