Investment funds

Fidelity Reduces Profit Goals for Adviser Services

Zader Becomes Chief Exec Of UMB Fund Services

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.

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.

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.

Two Former Putnam Execs Avoid Draconian' Charges

Scamming U.S. Military: Garbage In, Garbage Out

Retirement confidence remains high among minorities, despite the fact that they are saving less than they were three years ago.

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.

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.

Boomer Rollovers Not Expected to Hurt 401(k)s

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.

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.

SEC to Create Office Focused on Restitution

Call it trickle-down economics. As the hedge fund industry continues to grow, its distribution channels are shifting, and its aim is getting lower when it comes to the net worth of investors, according to a report from Tiburon Strategic Advisors.

WASHINGTON-Investment companies interested in capturing more market share should not worry so much about new products, such as separately managed accounts, exchange-traded funds, or even funds mimicking alternative investments.

WASHINGTON-While fund companies do a good job of focusing on investor needs and expectations, to best help clients prepare for retirement, they need to first understand investor behavior, according to panelists at the Investment Company's Institute's 49th Annual General Membership Meeting here this month.

Treadway Pays Second, $75,000 Fine to SEC Over Directed Brokerage

WASHINGTON-As the home office absorbs more of the functions formerly handled by financial advisers in the field, gatekeepers at these broker/dealers increasingly look for products that offer the total package: capacity, price, style, innovation and product support.

China's equity market has reached such a frenzy of irrational exuberance that Chinese authorities are not the only ones sounding warnings about the market becoming overheated.