Money Management Executive Latest News

Income in retirement is becoming an issue politicians on both sides of the aisle can't afford to ignore, according to a survey by Lake Research Partners and Public Opinion Strategies.

Microsoft plans to discuss its four-month-old effort to apply "pervasive, accurate, real-time modeling" to the massive computing needs of Wall Street Monday.

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Fearful of how a change in ratings will help them market their funds among investors, money fund managers are chafing at the idea of Moody’s’ proposed new ratings. Investors are used to looking for AAA-rated money market funds, and it will take some time for them to get to a scale ranging from MF1 to MF4, money managers tell The Wall Street Journal.

WASHINGTON — Senate Finance Committee Chairman Max Baucus on Thursday proposed to extend the Build America Bonds program for only one year in legislation he unveiled that would extend several expiring or expired bond and tax provisions.

Exchange-traded funds will continue on a strong, albeit somewhat scaled back, growth track, expanding assets by an average of 19% a year over the next five years through 2014, according to Financial Research Corp. Over the last five years, the annual growth rate has been 23%.

Margins of asset management firms have declined significantly in the past 10 years, according to a report from kasina. In 2000, operating margins stood at 39%. Today, they are 29%. And net margins, 27% 10 years ago, are now 20%.

Despite the new rules that the SEC imposed on money market funds in January – or perhaps because of them – managers are challenged to find an adequate supply of investments. The scarcity of debt with a maturity of less than seven days, combined with low yields, is pushing money market fund managers into areas of the fixed income and cash management markets they previously would not seek out, The Wall Street Journal reports this morning.

At 91%, the overwhelming majority of retail investors support a fiduciary standard for all financial advisers, according to a survey of 1,319 investors by Infogroup/ORC.

Establishing a presence in China is slow going, but Northern Trust Corp., which recently won approval for a Beijing branch office, believes the payoff will be worth the wait.