Money Management Executive Latest News

Turner Investment Partners has hired James A. Wylie as chief marketing officer and executive managing director, in charge of international sales, marketing and client services. He reports to Bob Turner, chairman and chief investment officer, overseeing more than $16 billion.

State Street Corp., known for its passive asset management, may soon expand its small active management business.

Hedge fund performance declined last month, but continued to outperform broader stock markets.

Hartford Financial Services Group Inc. announced Thursday it promoted Jeff Reiss to national sales manager of its mutual fund arm.

While it’s not back on its feet yet, the U.S. economy is proving more resilient than many naysayers predicted, according to September’s Monthly Outlook from Wells Fargo’s economics group.

Vanguard has launched eight index mutual funds and nine exchange-traded funds based on Standard & Poor's domestic stock benchmarks.

Investors continue to take money out of stock mutual funds, with outflows nearly doubling in each of the past two weeks.

ETFS Marketing, a division of ALPS Distributors that specializes in exchange-traded fund marketing, investment research and public relations, has hired Patrick Carter for its U.S. sales team as a senior vice president. Carter will specialize in selling the company’s physically backed precious metal suite of products on the West Coast.

Even though 80% of Americans aged 44 to 75 said they would choose a product with a 4% return and a guarantee against losing its value, over a fund aiming for an 8% return but subject to market risk—54% said they would not select an annuity.

Vanguard launched an online service that allows individuals to compare income annuities from different insurance companies.