Money Management Executive Latest News

Aston Asset Management, in partnership with Crosswind Investments as sub-advisor, has launched the Aston/Crosswind Small Cap Growth Fund.

BOSTON—The Department of Labor’s new 401(k) fee disclosure requirements that take effect Jan. 1, 2012 go far beyond disclosing mutual fund expense ratios to cover every nook and cranny of expenses in plans, right down to indirect service providers, speakers said at the FundForum USA 2010 conference here Monday.

The Securities and Exchange Commission and the Commodity Futures Trading Commission on Friday will discuss potential responses to the May 6 Flash Crash, after revisiting its findings at a joint meeting.

Nasdaq OMX Group Monday launched five indices measuring the performance of individual stocks against exchange-traded funds.

FTEN, which is marketing technology that it contends can solve both issues, said it expected the Securities and Exchange Commission could save billions of dollars almost "immediately, because you are addressing both issues at the same time,'' said Gary LaFever, the company's chief development officer.

BOSTON—Mutual fund wholesalers’ sales pitches are unimaginative and all too often the same, said speakers at FundForum USA 2010 here Monday, during the session “Managing Expenses in a Changing Distribution Market.”

Janus Capital Group Inc. announced Monday it launched three separately managed account investment strategies for U.S. institutional investors.

For defined contribution plans to work, large U.S. retirement plan sponsors believe they should be mandatory, and include auto enrollment, savings escalation and employer contributions, according to a study released on Monday by Northern Trust.

The Congressional election Tuesday is causing concern for many advisors’ clients, according to a survey by SEI Advisor Network.The firm’s survey of 238 advisers found that half thought the elections had created “fear and uncertainty” among their clients, who are already worried about unemployment levels, the potential for a double-dip recession, rising taxes and budget deficits.

BOSTON—While equities continue to dominate portfolios, asset allocation models are increasingly embracing alternatives and flexible mandates—“and these changing views on asset allocation are putting billions of assets in motion and creating opportunities for sales,” said Dennis Bowden, senior research analyst with Strategic Insight.