Money Management Executive Latest News

Since the recession hit two years ago, 80% of mutual fund firms have laid off tens of thousands of people, as total assets under management dropped from $11.999 trillion at the end of 2007 to $10.688 trillion as of October. In line with this 11% decline in assets, fees have undoubtedly plummeted by at least $1 billion a year.

Invesco Investors Get $418M in Fair Funds

As regulators work to converge U.S. Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRS), several key differences remain, most notably the different measurement attributes of financial liabilities, the timing and approaches to projects and the difference between fair value and amortized costs.

The Securities and Exchange Commission has approved new rules to significantly enhance the level of information companies are required to provide shareholders in proxy statements, but many leaders worry that these changes will do little more than add to the expenses that shareholders pay.

Although homeowners, investors and economists pay close attention to the Case-Shiller indexes on major metropolitan housing, two exchange-traded funds from MacroShares that allowed investors to bet on the direction of home prices were shuttered this week.

Despite the weak economy and tight household budgets, 97% of Americans polled by the Tiller Social Action Survey continue to believe that it is important to contribute to charity.

WASHINGTON — If anyone here is happy to see 2009 in his rearview mirror, it is Treasury Secretary Tim Geithner.

Three mutual fund industry leaders, including Investment Company Institute President Paul Schott Stevens, will release new research showing how 401(k) participants are behaving and faring one year after the market calamity of 2008 and outline ways to improve the nation’s retirement system at the National Press Club in Washington on Friday, Jan. 8 at 10 a.m.

Vanguard was able to stand out this year despite – or perhaps because of – a difficult market environment.

Two leading confidence gauges were released on Tuesday. The Conference Board’s Consumer Confidence Index rose to 52.9 in December, from an upwardly revised 50.6 in November.