Money Management Executive articles from February 2009

Money Management Executive archives from February 2009

Volatile Times Offer Great Client Servicing Opportunities.(Sales & Marketing)
February 2, 2009... Byline: John Morgan NEW YORK-Despite the terrible news about most stocks and mutual funds, investors should heed Sophocles' warning and "don't kill the messenger." Many investors are so frustrated by recent losses, they are seriously...

American Century Works To Survive Tough Markets.(Mutual Funds)
February 2, 2009... Byline: Ken McCarthy, American Banker Strong performance and a conservative approach has enabled American Century Investments to outperform some of its competitors, despite market conditions that cost it 31.4% of its assets under management...

Silvercrest Manager Sees Silver Lining in Financial Market Mess.(Separately Managed Accounts)
February 2, 2009... Byline: Dave Lindorff, Investment Management Weekly Here's a word to the wise for any executives of publicly traded companies who may be about to be visited by Portfolio Manager Roger Vogel: Don't roll out the red carpet and offer him a...

Senate Pushes for Controls To Prevent Another Madoff.(News Flash)
February 2, 2009... Byline: Editorial Staff Calls for greater oversight of the investment advisory profession continued last week, with key congressional leaders pushing the industry to come up with changes designed to prevent future fraud schemes similar to...

Week In Review.(Week In Review)
February 2, 2009... Byline: Editorial Staff Investors Sticking With Their 401(k)s Judging from the actions of the 11 million participants Fidelity Investments serves through their 401(k)s, investors remain faithful about saving for retirement. ...

At Deadline.(At Deadline)
February 2, 2009... Byline: Editorial Staff Treasury Money Market Funds Shut Their Doors The influx of money into Treasuries, combined with record-low interest rates, has driven the yields of Treasury money market funds so low that rather than risk...

Executive Moves.(Executive Moves)
February 2, 2009... Byline: Editorial Staff Northern Trust Selects Browne as New CIO Northern Trust has hired Robert P. Browne as chief investment officer of Northern Trust Global Investments. Browne had been the chief investment officer for fixed...

Fixed Annuities Offer Rates Investors Can't Refuse.(Annuities)
February 2, 2009... Byline: Paul Menchaca, Retirement Income Reporter With other safe investments paying so little these days, it's hard to ignore the glowing rates that some insurance companies are guaranteeing on long-term fixed deferred annuities. The...

FAF Manager Sees Tremendous Potential In Infrastructure Funds.
February 9, 2009... Byline: John Morgan Infrastructure funds may have been building interest ever since President Barack Obama announced his commitment to rebuilding America's infrastructure, but the managers of the First American Global Infrastructure fund...

DC Plans Look for New Versions of Target-Date Funds.(defined contribution plans)
February 9, 2009... Byline: John Morgan Defined contribution plans have been hammered by dropping equity markets, and this chain of losses has caused a ripple effect throughout the fund management industry. Most notably, target-date funds declined an...

ICI Seeks Improvements To Muni Bond Disclosure; 'Information Is Key' in Current Climate.(News)
February 9, 2009... Byline: Andrew Ackerman, The Bond Buyer The Investment Company Institute is pushing for improvements to municipal disclosure, which it generally considers limited, non-standardized and stale. The group believes the improvements are...

NewRiver Sues Morningstar for Espionage.(News Flash)
February 9, 2009... Byline: John Morgan Mutual fund prospectus provider NewRiver is suing Morningstar for using Internet espionage to steal information from its patent-protected system. The lawsuit, filed Jan. 30 in Massachusetts commonwealth court,...

Week In Review.(Week In Review)(hedge funds security)
February 9, 2009... Byline: Editorial Staff Schapiro Expected to Beef Up Enforcement At a time when lawmakers are considering rewriting financial services regulations, even restructuring the whole system, new Securities and Exchange Commission Chairman...

Financial Planners Try To Allay Investors' Fears.(At Deadline)
February 9, 2009... Byline: Editorial Staff Financial planners are spending a lot of time these days trying to allay their clients' fears. Anyone who works with a financial adviser most likely has money in the stock market and, therefore, has experienced...

Sobering Wake-Up Call For Americans' Retirement Dreams; Investors Learn Not to Gamble With Life Savings.(News)
February 16, 2009... Byline: John Morgan BOSTON-Like gambling addicts who just need one more big win before they cash out, millions of Baby Boomers on the verge of retirement took extremely risky bets with their life savings, hoping to score that big jackpot...

Target-Date Funds Need Realistic Target Dates.(News)
February 16, 2009... Byline: John Morgan BOSTON-For decades, annuities were shunned by money managers for their high cost and lack of liquidity. Recent market losses have brought guaranteed income products back in vogue, but mutual fund companies and...

Many ETFs Expected To Close This Year Due to Tough Climate.(News)
February 16, 2009... Byline: Steve Garmhausen, American Banker The 17 exchange-traded funds Northern Trust Corp. has decided to close will have plenty of company in the exchange-traded fund graveyard before the year is out, experts predict. That's because,...

Week In Review.(Week In Review)
February 16, 2009... Byline: Editorial Staff Morningstar Gives Three Funds 'F' Grades RiverSource Investments, American Century Investments and OppenheimerFunds have received "F" grades from a Morningstar analyst for failing to explain recent changes to...

At Deadline.(At Deadline)
February 16, 2009... Byline: Editorial Staff Senators Reintroduce 401(k) Fee Disclosure Bill Sens. Tom Harkin (D-Iowa) and Herb Kohl (D-Wis.) have reintroduced legislation, the Harkin/Kohl Defined Contribution Fee Disclosure Act of 2009, that would require...

Outsourcing Compliance: A Mission-Critical Reality.(Roundtable)
February 16, 2009... Byline: Editorial Staff In light of all of the demanding regulations that asset managers now face at a time when the nation is gripped by a financial crisis, not to mention the inevitable additional oversight that the new presidential...

Rise in Subaccounting Presents Opportunities and Challenges For Fund Companies.(Ops & Tech)
February 16, 2009... Byline: Mike Duffy, President, DST TASS The mutual fund industry has seen significant changes in the traditional third-party distribution model, especially this past year with the collapse of several major wirehouses and a spate of merger...

Money Funds Seen as 'Endangered Species'.(News)
February 23, 2009... Byline: John Morgan MIAMI-With the average equity mutual fund portfolio down more than 38% in 2008, money market mutual funds are quickly becoming one of the only safe havens for risk-averse investors. Money market fund assets recently...

Risk Management Takes Center Stage at Funds As Crisis Continues.(News)
February 23, 2009... Byline: John Morgan MIAMI-In their frantic efforts to cut costs, many financial services companies have been jettisoning everything that isn't absolutely necessary to stay afloat. This may work in the short term, but senior leadership is...

Mercer to Acquire Callan For Undisclosed Sum.(News)
February 23, 2009... Byline: Jakema Lewis, Investment Management Weekly Benefits consulting firms Mercer and Callan Associates are creating a mega investment consulting shop, as the two have announced plans to merge their operations. Mercer, a wholly owned...

At Least Financial Crisis Is Prompting Investors To Save, Turn to Advisers.(Editor's Desk)
February 23, 2009... Byline: Lee Barney Let's face it. The financial crisis is every bit as insidious as the most pessimistic prognosticators said it would be when the first cracks began appearing in the Bear Stearns hedge funds in the summer of 2007. And...

Search for Capital to Drive M&As in 2009.(Week In Review)
February 23, 2009... Byline: Editorial Staff As the global financial landscape continues to reshape, mergers and acquisitions this year will be led by those firms seeking capital or those that have capital in hand, according to Jefferies Putnam Lovell. ...

At Deadline.(At Deadline)(Brief article)
February 23, 2009... Byline: Editorial Staff Morningstar Develops Target-Date Benchmarks Morningstar has developed a series of 18 asset allocation indexes for investors and advisers to use as benchmarks for target-date and target-risk funds. The 13...

Executive Moves.(Executive Moves)
February 23, 2009... Byline: Editorial Staff Mustin Joins Legg Mason As Institutional Director Kimberly Mustin has joined Legg Mason as managing director and head of institutional business, Americas. In her new role, Mustin is responsible for selling...