Money Management Executive Latest News

The Commodity Futures Trading Commission will vote Oct. 1 on new rules for derivatives clearinghouses and a reporting deadline for outstanding swaps trades, CFTC Chairman Gary Gensler told the U.S. Chamber of Commerce Tuesday. The new rules would also apply to exchanges and swap trading platforms.

New York Life is introducing an employee participant program that aims to personalize and simplify the retirement planning process.

PIMCO Tuesday announced two new exchange-traded funds, the PIMCO Build America Bond Strategy Fund and the PIMCO Investment Grade Corporate Bond Index Fund.

As a result of debt issues and fiscal deficits, BlackRock said Tuesday that it expects to economic recovery to be "meaningfully slower" in the second half of this year.

DWS Investments Tuesday unveiled DWS Rollover Central, an online resource center containing tools and education to guide investors on rolling over an IRA. It also compares traditional and Roth IRAs and simplifies the process of opening an IRA and selecting an adviser.

Eaton Vance Management Tuesday announced the launch of the Eaton Vance Global Macro Absolute Return Advantage Fund.

Eze Castle Integration said it has created a new subsidiary called Ledgex Systems to pull together performance data for managers of funds of hedge funds, pension plans and private equity funds.

NEW YORK-Many investment firms dealing in complex asset-backed securities did not have sufficient computing capacity to figure out the risks they were taking, as the global financial crisis unfolded, said the managing director and chief technology architect of Bank of America Merrill Lynch Monday.

The Nasdaq OMX Group will launch a second U.S. equities exchange on Oct. 8, the first in the United States that will give priority to the size of an order, at a given price, the exchange operator said Monday.

Fewer hedge funds closed their doors in the second quarter, but there were also fewer hedge fund launches, as investors continued to shun startups and smaller firms in favor of large, established players.