Money Management Executive Latest News

NewRiver Inc. announced it will start delivering monthly updates to its summary prospectus indexes for mutual funds, variable annuities and a new index that tracks retirement funds.

Fidelity Investments announced it has helped nearly 50 broker teams go independent in the first quarter, a 20% increase from the same time last year. Fidelity said it has helped more than 625 broker teams transition to independence since 2005.

NEW YORK -- Asset managers looking for creative new ways to profit during the global recovery have been launching a wave of exchange-traded products that aim to help portfolio managers and sophisticated investors increase their exposure to alternative investments and small-capital stocks.

WASHINGTON -- Bank of America Corp. is breaking ranks with other large banks by supporting consumer-protection provisions in regulatory reform legislation, several sources said. The provision has been one of the most controversial elements in the reform effort, and the support of a large financial institution could help build momentum for the idea.

They've been derided by Warren Buffett and feared by regulators, but some advisers are convincing clients that derivatives are helpful.

Columbia Management Expects Massive Layoffs

After target-date funds took massive losses in 2008-most notably, those with a near-term retirement date that were supposed to protect investors' money-many on Wall Street expected target-date investors to move their savings elsewhere.

Funds Bear Responsibility for Exec Pay: Critics

Eaton Vance Management has launched the Eaton Vance Commodity Strategy Fund, which will take long and short positions in fixed income instruments, including derivatives, with the Dow Jones-UBS Commodity Index Total Return Index as its benchmark.

With the tax deadline approaching, investors are deciding whether to convert from a traditional IRA to a Roth IRA.