Special Program Root Tag

Investors shouldn't get their noses out of joint if mutual fund managers tell them to "get lost."

Spectrem Group's Affluent Investor Index fell 6 points in August to a reading of negative one on surging concern about higher oil and gas prices.

Donald Nicolaisen, the chief accountant at the Securities and Exchange Commission, will leave the regulator at the end of October to pursue an opportunity in the private sector.

The states of Louisiana, Mississippi and Alabama may not be known as the center of the mutual fund universe. But when a devastatingly powerful Hurricane Katrina began bearing down on New Orleans and several other Gulfport cities two weeks ago, at least two mutual fund advisors knew it was time to high tail it to higher ground.

At a time when even hedge fund managers are settling in for a prolonged period of sporadic, unpredictable growth, Kristin Ceva, senior vice president and director of emerging markets fixed income strategies at Payden & Rygel remains a maverick.

Fidelity Investments has grown quite comfortable at the top of the mutual fund industry, but the Boston firm always sees room for improvement and most recently set its sights on growing its institutional business.

It seems mutual fund shareholders weren't the only ones TIAA-CREF was taking great pains to explain its proposed, but now-defeated, mutual fund advisory fee increases to. The firm had some serious explaining to do for the Investment Board of the Golden State ScholarShare College Savings Trust, the municipality that oversees California's 529 college savings plan.

As the nation's money managers return from their summer respites, they're finding that Hurricane Katrina has left a host of questions marks within their portfolios.

TrimTabs Investment Adds Conrad Gann To New Asset Management Unit

The mutual fund industry has faced its share of challenges in the last decade.

When a 51-year-old mutual fund executive retires, industry observers are curious.

A recent report released by the hedge fund index provider Van Money Manager Research revealed that the Van Global Hedge Fund Index gained 0.7% net of fees last month.

A proxy battle is brewing to stop the transfer of hedge funds with substantial holdings in Citigroup's mutual fund from being transferred to Legg Mason. It could create a stumbling block for the anticipated business swap between the two companies.

Donald Nicolaisen, the chief accountant of the Securities and Exchange Commission, will step down at the end of October, leaving newly minted Chairman Christopher Cox another key position to fill.

Executive touted the creation of a massive financial services institution when J.P. Morgan bought out Bank One a year ago, but the low-profile mutual-funds businesses tucked inside the two companies took on as much of a transformation, according to The Wall Street Journal.

It's been a constant knock on mutual funds and now it's bled into the high-flying hedge fund world. Many hedge funds are focusing on gathering assets instead of generating returns - one big reason why gains have slipped in recent months - a well-known hedge fund investor told Reuters.

UFG Asset Management, an offshoot of one of Moscow's biggest finance houses, has launched a new hedge fund to invest in local and foreign-listen Russian stock.

In its ongoing effort to get to the bottom of the collapse of the purported hedge fund firm K.L. Group, the Securities and Exchange Commission recently secured from a federal judge a permanent injunction against the firm's principals, Won Sok Lee and Yung Bae Kim. Their whereabouts remain unknown, according to Hedge World News.

As it becomes clear that investors have lost at least half of their money in the collapsed hedge funds at Bayou Management, the law firm representing investors is focusing on third-party liability according to a Financial Times report.

In an effort to emphasize the importance and necessity of education when debating between exchange-traded funds versus closed end funds, TheStreet.com reports that investors often confuse the two, especially when it comes to investing in one country.