Money Management Executive Latest News

BNP Paribas has pushed to reorganize its corporate and investment banking business in the Americas by making some key staffing swaps within equities, derivatives and structured finance, the firm said yesterday.

Noted money manager Stanley Druckenmiller is shutting down his investment advisory firm Duquesne Capital Management, after 30 years.

For all those young investors out there who are willing to take more risk with their retirement plans because of their longer time horizon, Vanguard has a new fund for you.

By Ruthie Ackerman

The Securities and Exchange Commission's top regulator of mutual funds, hedge funds and other investment firms is leaving.

Investors are more optimistic this month about the economy than they were last month, according to a survey released on Tuesday.

The U.S. Patent & Trademark Office is expected to award a patent Tuesday to a financial technology firm for a cloud computing system that allows securities firms and, potentially, regulators to manage market-wide risks up to the millisecond, without adding any delay to transactions as they are executed.

Broadridge Financial Solutions said it agreed to acquire NewRiver, which operates and maintains a proprietary database of public documents on mutual funds and pioneered the electronic prospectus.

Ameriprise Financial Inc. plans to reduced the lineup of mutual funds run by Columbia Management, but step up marketing and add jobs, according to a report in the Boston Globe.

The Financial Industry Regulatory Authority is being told by some compliance and financial reporting experts that its proposed requirement for broker-dealers to cough up more detailed and frequent financial reports could be too cumbersome and costly to follow.