- Money Management Executive
Hedge funds and private equity firms are investing in airline securities backed by leases on the aircraft or the aircraft equipment, Forbes.com reports. Some are even going straight to leasing, helping to revive a sector of the asset-backed securities market that has lost popularity in the past two years.
October 5 - Money Management Executive
Hedge fund investors are expected to increase or maintain their allocations, according to hedge fund advisor Hennessee Group.
October 5 - Money Management Executive
Institutional investors, including pension funds, are expected to become the largest holders of hedge funds in the future, a recent survey of 500 investors and investment management professionals by conference organizer ICBI suggests.
October 5 - Money Management Executive
Mergent has launched three new exchange-traded funds that are based on its dividend achievers methodology, whereby the funds invest in companies that have increased their dividends for at least the past 10 years. The funds began trading on the American Stock Exchange on Sept. 15.
October 5 - Money Management Executive
The NASD announced that it has imposed a $408,000 fine on San Diego-based First Allied Securities for allowing and aiding three hedge fund customers to take part in market timing transactions. NASD also ordered the firm to pay $326,500 to compensate the affected funds.
October 5 - Money Management Executive
The NASD, primary regulator for the nation's brokerage industry, has imposed a $1.5 million fine on the Dutch firm ING Financial Services for excessive mutual fund trading.
October 4 - Money Management Executive
The NASD announced Monday it has fined Janney Montgomery Scott $1.2 million for permitting improper market timing and related violations. In addition, the NASD ordered the Janney to pay nearly $1 million in restitution to the affected mutual funds.
October 4 - Money Management Executive
More details have emerged in the Securities and Exchange Commission's investigation of market timing at Bank of Hawaii.
October 4 - Money Management Executive
If the outcry that always follows the annual publishing of Forbes' 400 wealthiest Americans illustrates anything about the investment management industry, it's that investors have a love-hate relationship with their money managers.
October 4 - Money Management Executive
Not only has his popularity generally diminished, but Eliot Spitzer's crime-fighting image and the number of executives who shiver at the mention of his name have dramatically decreased, too, according to a report from Reuters.
October 4 - Money Management Executive
Four people have been charged with insider trading on Citizens Financial Group's 2004 acquisition of Charter One Financial. The information netted the participants more than $750,000 according to The Boston Globe.
October 3 - Money Management Executive
According to the Investment Company Institute, domestic exchange-traded fund assets declined by $4.1 billion in August to $164.8 billion. Meanwhile, assets in international ETFs increased by about $2.7 billion to $46.6 billion.
October 3 - Money Management Executive
Exchange-traded funds specializing in Latin American and energy were among the best performers in the third quarter, MarketWatch reports. The top-performing fund was the iShares MSCI Brazil Index fund, up 34.8%, followed by the iShares S&P Latin American 40 Index fund, up 27.5%.
October 3 - Money Management Executive
A former employee's penchant for excessive mutual fund trading has landed Bank of Hawaii in hot water with Securities and Exchange Commission, Reuters reports.
October 3 - Money Management Executive
On the heels of a similar warning earlier this month from Valley Forge, Pa., fund giant Vanguard Group, the nation's financial planners and analysts say they're advising clients to stay out avoid the energy patch at all costs.
October 3 - Money Management Executive
Nearly 10 months since President Bush first revealed his desire to include private accounts in Social Security reform - an effort that included a three-month, nationwide barnstorming campaign to drum up support - the administration is no closer to getting a proposal heard by Congress.
October 3 - Money Management Executive
CHICAGO - The Securities and Exchange Commission plans to make all footnotes and related commentary for Form N-Q filings public, which is causing consternation in the industry.
October 3 - Money Management Executive
NEW YORK - In 1934, German engineer Ferdinand Porsche invented the "people's car," known today as the Volkswagen Beetle. Affordable and reliable, it was arguably the first car within reach of the everyday consumer and almost instantly brought mass motoring to the streets of Germany. Over its lifespan, it has accounted for more sales worldwide than even Henry Ford's Model T.
October 3 - Money Management Executive
Janus Capital Group must really be confident in the potential performance of its funds, because the Denver-based mutual fund company's management board voted unanimously on Sept. 20 to charge performance-based fees on 13 of its 59 funds, representing 30% of its $130 million of assets under management.
October 3 - Money Management Executive
Mutual fund complexes, which own more than 22% of U.S. corporate stocks, are the puppets of corporate bigwigs, and the relationship is harming shareholders, a new study from the Center for Political Accountability (CPA) claims.
October 3