Money Management Executive Latest News

While quantitative analysts may feel they are no longer taking the blame for the financial crisis, they believe their work is still “misunderstood” by top executives.

Kathleen Hegenbart remembers the moment, five months ago, that proved a turning point for her. As is often the case in real life, it was not a dramatic office showdown. It was lunch. On a Wednesday.

Fund Manager Sentenced Six Years on Tax Charges

Major Wall Street, business, political and consumer finance magazines are warning investors about hidden 12b-1 and 401(k) fees, various share classes and the loads ascribed to them.

Bank of America Merrill Lynch has hired David Tyrie, formerly with Putnam Investments, as head of personal retirement services. He will report directly to Andy Sieg, head of retirement and philanthropic services division.

Securities lending, once considered a mundane middle and back office operational chore, is quickly becoming the target of scrutiny from savvier plan sponsors who want a far better understanding of the financial benefits and pitfalls.

Cathe Tocher has excelled as a portfolio manager through very good times and bad. She is senior vice president of investments at Great-West Life & Annuity Insurance Co., whose five- and four-star Morningstar-rated stable-value portfolios continue to be embraced by the 401(k) marketplace.

For much of the past decade, Todd Christy of Pyxis Mobile has been pushing the idea that mutual fund operators should conduct their business on mobile devices, such as the now obsolete Palm Pilot.

Lincoln Investment Planning has acquired Great American Advisors (GAA), a Cincinnati-based broker-dealer with 310 reps and related retail accounts. The transaction was agreed upon in May, but Lincoln just added the new reps to its platform last week.

NYSE Euronext said its average daily volume in derivatives contracts increased 17.5% in July, worldwide, versus a year ago.