Money Management Executive Latest News

The Basel III bank capital requirements proposed earlier this month threaten to eviscerate the supply of eligible investments for tax-free money market funds — an industry already struggling with a severe supply shortage.

FINRA is proposing all-public arbitration panels in a rule it’s filing with the Securities and Exchange Commission next month, following a two-year pilot program.

Vanguard Group plans to simplify its Target Retirement Funds and certain other funds-of-funds in an effort to improve the products’ international diversification.The Valley Forge, Pa., company plans to replace the funds' three underlying international portfolios with a single broad international stock index fund. Vanguard will also increase the overall international equity exposure of these funds.

Putnam Investments announced Monday it launched a suite of multi-cap equity funds.

Fidelity Investments has added a Bank Deposit Portfolio to its five direct-sold 529 college savings plans: New Hampshire’s UNIQUE College Investing Plan, California’s ScholarShare College Savings Plan, Massachusetts’ U.Fund College Investing Plan, the Delaware College Investment Plan and the Fidelity Arizona College Savings Plan.

Temenos said late Monday that it will acquire Odyssey Financial Technologies, a supplier of front- and middle-office software for private banking, wealth management and investment management.

Retirement is being rejected by a new breed of wealthy workers.

Sophis said it established a partnership with a cluster, grid and cloud management software firm, to help investment managers disribute "resource-hungry" calculations such as risk simulations.

Throughout the turbulence of the credit crisis, fund companies have repeatedly told customers to continue to have faith, stick to their guns and remain steadfast buy-and-hold investors.

High-balance retirement plan participants aren't showing much loyalty to plan providers when rolling assets into an individual retirement account-yet this could signal room for improvement for 401(k) plans and their advisers.