- Money Management Executive
Franklin Templeton Thursday rolled out an All Cap Value Fund, adding the fifth and final member of the San Mateo, Calif.-based company’s cap-specific value lineup.
June 8 - Money Management Executive
Over the past few years, leveraged buyout firms have raised billions to invest in India, but to date, much of that money remains on the table, The Wall Street Journal reports.
June 8 - Money Management Executive
Japanese hedge funds are poised for better returns this year as small- and mid-cap stocks have recovered from worries over the Livedoor scandal, a media and Internet company, according to Dow Jones.
June 8 - Money Management Executive
Over the past several months, mutual fund portfolio managers have been scaling back their cash reserves, holding fully invested, diversified portfolios, The Wall Street Journal reports.
June 8 - Money Management Executive
A new mutual fund from Vista Research and Management will give these investors to a corner of the investment management world rarely available to them: private equity.
June 7 - Money Management Executive
The Thailand SEC Secretarial Office is warning investors that there are as many as 20 illegal mutual funds in the nation touting high returns but actually losing large amounts of money, the Thailand news agency reports. More than 30 people have reported being scammed, one person losing 6 million Thai Baht, or $183,000.
June 7 - Money Management Executive
New securities account openings in China have plummeted from two months ago, primarily due to the government’s recent tripling on the stock trading tax pushing stock prices lower, Bloomberg reports.
June 7 - Money Management Executive
BenefitStreet and Barclays Global Investors have partnered to create a 401(k) platform offering Barclays’ iShares exchange-traded funds.
June 7 - Money Management Executive
At the beginning of this year, Barclays Global Advisors was the only investment management company with a bond exchange-traded fund, the Financial Times reports. Today, however, there are nearly two dozen fixed-income ETFs from the likes of State Street and Vanguard, with more on the way from Bear Stearns and Ameristock.
June 7 - Money Management Executive
A few insurance companies are fighting annuities’ bad reputation for high fees and complexity with stripped-down offerings, The Wall Street Journal reports. But to some degree, columnist Tom Lauricella says, that’s merely a sales pitch.
June 6 - Money Management Executive
China has approved four mutual funds, in hopes that the move will restore investor confidence following the recent selloff, The Economic Times reports.
June 6 - Money Management Executive
Thomas R. Smith, Jr., a leading mutual fund attorney, has joined the Securities and Exchange Commission’s division of investment management as senior advisor to Director Andrew J. Donohue.
June 6 - Money Management Executive
Dow Jones Columnist Bill Donoghue says that separately managed accounts are worth the fee, calling the tools “one of the best-kept secrets in America.”
June 6 - Money Management Executive
Two former fund managers at Putnam Investments will pay $1.5 million to settle allegations they improperly traded mutual fund shares, the SEC and Massachusetts announced Monday. Justin Scott and Omid Kamshad neither admitted nor denied the allegations.
June 6 - Money Management Executive
The American Federation of State, County and Municipal Employees released a report Tuesday calling AllianceBernstein, Barclays Global Investors and AIM “pay enablers.”
June 6 - Money Management Executive
Putting to rest rumors that Citigroup would sell Financial Research Corp. after acquiring BISYS, a Citi official said that the company would not do so, Reuters reports.
June 5 - Money Management Executive
Principal Financial has rolled out a new retirement savings platform aimed at the micro-market. Called Principal Advantage for Emerging Businesses, it is designed for companies with up to $500,000 in retirement plan assets and will be sold exclusively through third-party administrators.
June 5 - Money Management Executive
Financial Planners are turning their attention to a long-neglected demographic: those in their 20s and 30s, The Wall Street Journal reports. They had previously ignored young people due to their paltry finances.
June 5 - Money Management Executive
As private equity firms continue to buy up publicly traded companies, they are increasingly trying to appease mutual fund companies and other stockholders that could halt the deal, The Wall Street Journal reports.
June 5 - Money Management Executive
Shares of Janus and Eaton Vance have outpaced all other asset managers over the past three months, Reuters reports. While the two companies take entirely different investment approaches—Janus primarily known for large-cap growth and Eaton Vance for tax-managed and other conservative strategies—what’s driving their strong returns is expectations of robust earnings growth.
June 5