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A small news item last week on the launch of a financial literacy course in the Shelby County school district in Tennessee this fall got me thinking about a golden opportunity for individual mutual fund companies or, perhaps, the industry as a whole.
June 18 -
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Initiatives at IXIS Asset Management Advisors of Boston will not be slowing down this summer. The firm, a manager of managers with 15 affiliates in its stable, will be cutting several of its mutual funds' management fees, putting its B Share classes into permanent storage and polishing up a new brand name. But it will keep its tag line: The Name Behind the Names.
June 18 -
Chief Executive Officer Edward “Ned” Johnson has told the firm’s adviser services division to reduce its profit margin targets
June 13 -
It is an honor for Money Management Executive to sponsor SourceMedia's 2007 Fund Operations Awards, our fifth annual, and we would like to thank all those who entered their thoughtful submissions, as well as this year's panel of judges, who gave so generously of their time to assess the impressive entries: T. Neil Bathon, managing director, PMR Associates, Peter Delano, senior analyst, investment management, TowerGroup, Bob Goldberg, president emeritus, The National Investment Company Service Association, Burton J. Greenwald, president, B.J. Greenwald Associates, Vincent Walsh, managing director, advisory services practice, KPMG and Kathleen Whalen, managing director, Dalbar.
June 11
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The American Federation of State, County and Municipal Employees released a report Tuesday calling AllianceBernstein, Barclays Global Investors and AIM "pay enablers."
June 11 -
Despite the hurly-burly set off by Securities and Exchange Commission Chairman Christopher Cox's request that Congress eliminate soft-dollar safe harbors, industry insiders argue that such a change will result in nothing but toil and trouble for retail investors.
June 11 -
It is an honor for Money Management Executive to sponsor SourceMedia's 2007 Fund Operations Awards, our fifth annual, and we would like to thank all those who entered their thoughtful submissions, as well as this year's panel of judges, who gave so generously of their time to assess the impressive entries: T. Neil Bathon, managing director, PMR Associates, Peter Delano, senior analyst, investment management, TowerGroup, Bob Goldberg, president emeritus, The National Investment Company Service Association, Burton J. Greenwald, president, B.J. Greenwald Associates, Vincent Walsh, managing director, advisory services practice, KPMG and Kathleen Whalen, managing director, Dalbar.
June 11 -
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Retirement confidence remains high among minorities, despite the fact that they are saving less than they were three years ago.
June 11 -
Relying on the brand recognition of the Lipper name, the cache of exchange-traded funds, and the buzz around target-risk investing, Parsippany, N.J.-based Hennion & Walsh Asset Management is hoping to attract attention, flows and perhaps some space on 401(k) platforms.
June 11 -
The NASD collected roughly half the amount of fines in 2006 compared to 2005, taking in $84.9 million in 2006, compared to $134.3 million in 2005, according to its annual report. The NASD issued another $75 million in fines in 2006, compared to $148.5 million in 2005.
June 4 -
Regulation continues to weigh on fund executives' minds as their number-one concern, according to a PricewaterhouseCoopers survey of 400 senior finance executives at a forum last month.
June 4 -
When hedge funds, long known for their exclusivity and secret-sauce approach to investing, go public, it takes a lot of planning and some cultural adjustment, too, according to a web-based presentation hosted by Deloitte & Touche last week.
June 4 -
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- Wealth Think Editor's Desk: Top Hedge Fund Managers May No Longer Rake in Billions of Dollars a Year
Alpha magazine dropped its first shoe when it released the salaries of the top 100 hedge fund managers, with the top master of the universe, James Simons, earning an astonishing $1.7 billion in 2006 and the top 25 an average of more than half a billion. In 2006, the compensation of this top 25 soared 57% from the year before and 127% from 2004.
May 28