Special Program Root Tag

Prudential Financial has named David A. Hunt chief executive officer of Prudential Investment Management, in charge of all of its asset management businesses-including public fixed income, real estate, public equity, private fixed income, mutual fund and wealth management business. Hunt will start his position Nov. 9.

BOSTON-A disillusioned Generation Y. The emergence of large middle classes in emerging nations. New forms of communicating with customers, including social networks.

Money Management Executive, in conjunction with co-sponsor NICSA, presented the 2011 NOVA Awards on Oct. 6 at NICSA's General Membership Meeting in Boston. The awards program recognized innovations in four categories: Visionary Leadership, Innovation in Customer Experience, Innovation in Back-Office Efficiencies and Creativity in Marketing Operations. Presenting the awards was Money Management Executive Publisher Bruce Morris, executive vice president and managing director with parent company SourceMedia.MME

The ripple effect of the Dodd-Frank Wall Street Reform Act is finally starting to be felt, as the Securities and Exchange Commission and Commodity Futures Trading Commission begin issuing proposed rules to carry it out.

Thirty years ago,Russell Investments changed the landscape of how fund firms could evaluate managerial performance, by launching broad benchmarks of stock performance in the United States.

The wealth management sector hasn't exactly been blazing the trail when it comes to integrating sleek new mobile devices into the workflow, but that slow ship is beginning to turn, according to a new study from the research firm Aite Group.

Wall Street high rollers are expecting big bonuses at year-end—especially hedge fund managers and executives at boutique banks.

In the three years since the financial crisis hit, investors have remained cautious, but their tolerance for risk has actually held steady, the Investment Company Institute said Thursday.

John Hancock Financial Network has launched a turnkey retirement income program for financial advisers that includes a web-based product allocation analysis tool, multi-media educational and sales materials and dedicated support.

Three out of four executives at mid-market companies with annual revenues of $50 million to $1 billion plan to maintain or boost their long-term investment spending, according to a survey by Deloitte.

The Conference Board Employment Treads Index fell 0.45 percentage points to 100.95 in September, pointing to continued slow job growth for the rest of the year. However, the figure is up 4.4 percentage points from September 2010.

Although Edward Jones recommends that retirees start with a plan to withdraw 4% of their retirement savings each year, Americans have a widely varying idea of how much they will need, the investment firm found in a survey of 1,011 people.

Man Investments has launched the Man Long Short Fund, a ’40 Act equity hedge fund-of-fund that will invest in up to 30 portfolios and offer monthly liquidity. With a minimum investment of $50,000, the fund will only be available to high-net-worth clients of top-tier broker-dealers.

Long-term mutual funds had total outflows of $10.95 billion in the week ended Oct. 5, the Investment Company Institute said. This was up substantially from the $5.68 billion of outflows in the previous week ended Sept. 28.

Despite concerns over the debt crisis in Europe and the growing debate over a second global recession, recent news on the domestic economic front has been “relatively decent,” according to Mark Luschini, chief investment strategist at Janney Montgomery Scott.

The Securities and Exchange Commission, the Federal Reserve and other regulators are not likely to adopt an emergency liquidity facility funded by fund sponsors to backstop money market funds, according to Gregory Johnson, CEO of Franklin Resources.

John Hancock Funds has made a number of enhancements to its Portfolio Insight tool for financial advisers, including the ability to compare portfolios side by side and see full transparency into holdings.

Investors withdrew $5 billion from U.S. stock and bond long-term funds in September, Strategic Insight reports. This was a “significant improvement” from August, when open-end and closed-end mutual funds (excluding ETFs and VA sub-accounts) were hit with $33.6 billion in outflows following the downgrade of the U.S. debt rating.

Having gone into bankruptcy, Financial Research Corp. is now being evaluated by Strategic Insight parent Asset International for potential purchase. Asset International, however, is only interested in purchasing certain FRC research products: those covering 529 college savings plans, alternative investments, target-date funds, industry assets under management by company and distribution channel, sub-advised funds and its “Monitor” research.