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To increase its presence in the bank channel for adviser-sold business, Russell Investments has promoted John Harrell and Paul Izzo to the newly created positions of national account executive.

Although worldwide assets under management rose 8% in 2010 from the previous year to $56.4 trillion and profit margins gained two percentage points to 33%, the industry faces a number of challenges for continued growth.

Americans' retirement expectations have changed dramatically in recent years. A vast majority now plan to live more frugally and delay retirement, SunAmerica Financial Group and Age Wave found in a survey of 1,001 people age 55 and older. Nonetheless, the majority are still confident they will be able to eventually retire.

In a world where the minute, second and even millisecond that you pull the trading trigger can materially affect the return you get, managers of mutual funds too often are slow to buy when prices are rising and too fast when prices are dropping.

Although fund managers say that preparing to comply with the provisions of the Dodd-Frank Wall Street Reform Act is top of their agendas, they are pretty much in the dark about what to do, according to a survey conducted by SimCorp., a technology firm specializing in investment management.

City Index, a London firm that specializes in bets on the movements of financial spreads and contracts for difference, has adopted a new service for monitoring its risks within each trading day.

Although fund managers say that preparing to comply with the provisions of the Dodd-Frank Wall Street Reform Act is top of their agendas, they are pretty much in the dark about what to do, according to a survey conducted by SimCorp., a technology firm specializing in investment management.

There is a new dynamic today between hedge funds, investors and hedge fund administrators, according to State Street Corp.’s new Vision Report, “Hedge Funds: Rebuilding on a New Foundation.”

Richard Cordray, the enforcement chief at the Consumer Financial Protection Bureau, will be named to lead the new regulator, the Obama administration said Sunday.

Implementing the Dodd-Frank Act was never going to be easy. While lawmakers generally acted like the fighting was finished when the law was signed on July 21, everyone knew it was just the beginning. At 2,300 pages, the law left most of the heavy lifting to some 30 different federal agencies, which had to write roughly 400 rules or studies, more than half of them not due until 2012 or later.