Special Program Root Tag

PALM DESERT, Calif. -- Eileen Rominger, in her first appearance before a gathering of members of the mutual fund industry’s largest trade group, said that compliance with existing and forthcoming rules as well as robust regulation of these is essential to achieving and maintaining the trust and confidence of investors.

There is a strong correlation between fund stewardship and performance, Morningstar found in its 2011 Mutual Fund Stewardship Grade research study, which examined more than 1,000 funds from 40 fund complexes.

PALM DESERT, Calif. -- It’s been three years since the collapse of Bear Stearns – which occurred on the eve of the 2008 Investment Company Institute Mutual Funds and Investment Management Conference.

Vanguard is planning to launch an actively managed emerging markets equity fund that will be managed by four investment advisors.

U.S. Bank Wealth Management has hired Daniel J. Rauchle as head of investment management in its Ultra High Net Worth Group. In this role, he is in charge of portfolio construction, asset allocation, manager due diligence, risk management and investment communication.

Invesco has introduced PlanForward Foundations, a set of three toolkits to help advisers grow their defined contribution business.

Dreyfus has launched the Dreyfus Total Emerging Markets Fund, which will invest in equities, bonds and currencies. The fund will be managed by investment boutiques of Dreyfus parent company BNY Mellon Asset Management, with Standish Mellon Asset Management running the fixed income and currencies portion of the portfolio and The Boston Company Asset Management running the equities portion.

The market's 3% decline in the week ended March 19 may be the low from which the market will rebound, according to BlackRock Chief Equity Strategist Bob Doll.

Investors in externally managed and sub-advised accounts could save about $1 billion a year in commissions paid to brokerage firms by their fund managers.

It's almost exactly four years since the financial crisis began to erupt. On March 21, 2007, the Dow Jones Industrial Average stood at 12,278.73, as the first indications that the subprime mortgage market might crater had surfaced. On March 21, 2011, the Dow closed at 12,039.10, a mere difference of 1.95%.

The 171 respondents to the 2011 Money Management Executive Compensation Study were asked to express themselves in their own words on their level of satisfaction with their total compensation (base salary, bonus and benefits).

When financial advisers think of Eagle Asset Management, the firm wants them to think of independent, steadfast and effective investments.

In Money Management Executive's first survey of its readership on their personal "profit" from this industry, the piggy bank looks full to about half the executives and managers polled ("Half Satisfied," p. 1). And not, to the other half.

Great-West Retirement Services has appointed Scott T. Waite as regional sales director for 401(k) plans in the metro Detroit and western Michigan market. Waite reports to Scott Barnett, regional vice president.

Despite all the dire warnings from financial advisers, relatives and the federal government, most Americans still aren't saving anywhere near enough money to afford the dignified retirement they all claim is so important to them and, worse, most don't even have any idea exactly how much they'll need even if they were to begin saving today for their golden years.

The year had started off so well.

Uncertainty about fluctuating interest rates and rapidly spiraling healthcare costs were cited as the two largest fears of both retirees and pre-retirees, according to a new survey conducted by the Schaumberg, Ill.-based Society of Actuaries.The survey, which polled 804 adults between 45 and 80 years of age, found that only 3% of retirees and 5% of those closing in on retirement have at least $1 million or more in savings and investments while a 18% and 6%, respectively, have less than $25,000 stashed away.

ING announced Friday it hired Orlando R. Cruz as president of its individual retirement investor channel.

Despite heightened patches of political and economic instability around the globe in the first couple of months of 2011, many hedge funds of various strategies found ways to thrive, according to figures from Morningstar.

Managers of hedge funds and other alternative funds know they'll be subject to more stringent regulatory requirements in the wake of the Dodd-Frank Wall Street Reform Act but for now it's business as usual and right now that business is booming.