Money Management Executive Latest News

Smaller investment firms deliver stronger returns and better downside protection in volatile markets than larger firms when investing in U.S. large-cap stocks, Northern Trust found.

USAA has launched two funds that address inflation and interest rate concerns.

Spectrem Group’s Spectrem Millionaire Investor Confidence Index rose six points in October to zero, a neutral reading and its highest level in nearly three years, and the Spectrem Affluent Investor Confidence Index rose three points to minus 13, a mildly bearish reading.

The Securities and Exchange Commission and the Connecticut banking commission have sued a Connecticut hedge fund manager with fraud.

Waddell & Reed Financial reported third quarter net income of $40.5 million, or 47 cents per diluted share, up 21% from $33.4 million, or 39 cents per diluted share, in the third quarter of 2009.

The State Street Investor Confidence Index, which measures the actual buying and selling of institutional investors, fell 1.9 points in October to 86.2 from 88.1 the month before. In North America, confidence fell even more, by 3.2 points, to 84.9 from 88.1.

The Conference Board Consumer Confidence Index increased slightly in October after decreasing a small amount in September. The index now stands at 50.2, up from 48.6 in September.

The President’s Working Group on Financial Markets released its report on Money Market Fund Reform Options, reigniting the controversial debate over floating net asset values, banking regulations such as insurance and a private emergency liquidity facility and meeting redemption requests in kind.

Three Guggenheim Partners Transparent Value Mutual Funds have been added to the Schwab Mutual Fund OneSource service.

TD Ameritrade Tuesday reported that it attracted a record $34 billion in new assets in fiscal 2010 ended Sept. 30, an 11% increase from assets held at the beginning of the year.