Money Management Executive Latest News

In an effort to improve its fixed income offerings, BlackRock Inc. announced Thursday it promoted Rick Rieder to chief investment officer of fixed income, fundamental portfolios.

BNY Mellon Asset Management has tapped Curtis Arledge, the former CIO of fixed-income at BlackRock, to take the helm and lead its business on a permanent basis.

Worldwide mutual fund assets increased 0.3% to $23.02 trillion at the end of 1Q10, according to the Investment Company Institute. Flows into bond funds stood at $169 billion, accounting for more than half of long-term bond flows.

The founder and principal manager of a bogus foreign exchange fund that effectively operated like a Ponzi scheme has been sentenced to nearly six years in prison on tax charges.

Bruce Berkowitz isn't the kind of manager whose moves make headlines, but they've paid off remarkably well for his investors.

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NYSE Euronext Tuesday reported net income of $184 million, or $0.70 per share in the second quarter, compared to a net loss of $182 million, or the same 70 cents a share a year ago.

Solace Systems and Layer 7 Technologies said they were combining their messaging and security technologies to create safe high-volume communication of market information in Web services and cloud computing.

High-net-worth investors are integrating media devices, social media and social networking into their lives more than ever before, according to a new survey from the Institute for Private Investors (IPI).Other recent studies indicate that wealth management clients are increasingly using social media to compare notes on advisors, funds, fees, strategies and deals.

Every time you think you’ve got a handle on how to manage and benchmark the performance of the funds you invest, markets blow up and you have to start all over again.