Money Management Executive Latest News

A wealth management firm has identified a growing niche serving clients in the United States and north of the border.

The sell-off in municipal bonds finally appeared to sap some retail demand for state and local government debt last week as muni mutual funds reported taking in the paltriest amount of new money in six weeks.Municipal bond mutual funds that report their figures weekly posted a net inflow of $638.2 million during the week ended Sept. 15, according to Lipper FMI, the lightest inflow since early August.

Investors are highly unlikely to turn into the “lost generation” following the Great Depression, Charles Rotblut, vice president with the American Association of Individual Investors, tells the San Francisco Chronicle. Certainly, it is remarkable that investors have pulled $175 billion from U.S. stock funds and placed $496 billion into bond funds since the financial crisis started in September 2008.

PIMCO co-Chief Investment Officer Bill Gross is said to be planning to one-up himself on touting Canadian companies as good fixed income opportunities; he is planning a big expansion into Canada.

The Securities and Exchange Commission approved the expansion of its post-Flash Crash circuit breaker program to include all stocks in the Russell 1000 Index and a test group of exchange-traded funds.

David Corkins, a star manager at Janus who sucessfully ran the Janus Mercury and Janus Growth & Income funds and executed an impressive turnaround on the flagship $12 billion Janus Fund, started hedge fund Arrowpoint Partners in 2009 - delivering returns of 33%.

Advertisements and marketing by fund companies are either all or nothing: They terrorize investors - or pacify them.

Morgan Stanley has named Paul Price head of the firm's investment management international sales.

Fund managers may soon be faced to make a tough choice if they want to reduce operating risk and cost.

Life used to be so simple.