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Paulson Declares Economy Sound

Voices Support for Freddie Mac, Fannie Mae

MME’s Fund Operations Awards — Extension for Entries Through July 31

The deadline for entries to Money Management Executive's Sixth Annual Fund Operations Awards has been extended through Thursday, July 31, so you still have plenty of time to enter. This is the perfect way to receive the accolades you believe your firm or service provider deserves for one or more of the following categories: Leadership, Innovation, Efficiencies/Streamlining and New Media. Entry forms and information are available at our website: http://www.mmexecutive.com/fund_operations_awards/. …

Prudential Honors Retirement Plan Sponsors

Faith Technologies Inc., VSP Vision Care, Knauf Insulations, Rogers Corporation, and International Union of Operating Engineers Receive Honors

NAVA and IBM Launch Sales Automation Initiative

Process Streamlines Annuity Sales

Pensions Stimulate Economy, Congress Told

Plans Play Critical Role in Retirement Security

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Articles

Talent Grabs Keep Flaring Despite High Cost

Mutual fund companies and other financial services firms continue to battle one another for wealth management talent even though companies are forced to pay hefty salaries that crimp profits.

Hedge Funds Fear New SEC Regulations

NEW YORK - The freewheeling days for hedge funds may be numbered. Depending on who gets elected to the White House in November, the next Securities and Exchange Commission may push to impose additional regulations on hedge funds that, many critics say, could strangle managers' ability to generate exceptional returns. Ironically, hedge fund experts say the best way for the industry to prepare for the new regulations may also be the best way to prevent the new regulations from happening.

Distribution Road Hits Superhighway

WELLESLEY, Mass. - Gone are the supposed days when wholesalers stood around conference booths all day, cavalierly handing out golf balls, or taking brokers out for cigars and whiskey. To get through the new 'Fund Selection Unit' gatekeepers at brokerage firms, today's wholesalers need not just have excellent people skills and be nimble, but be highly knowledgeable about the mutual funds they are selling, retirement planning issues and the economy, as well as be technologically savvy. 'Wholesalers act as the quarterback in the field,' said Matthew Witkos, president of Eaton Vance Distributors, at the National Investment Company Service Association's General Membership Meeting here, held last Monday at the Wellesley Country Club. 'They have such a huge responsibility. Imagine trying to remember what product you have on what platforms at what time.'

In the Future, Please Call Him 'Charles'

By now, investors are accustomed to the creative, informal 'Talk to Chuck' advertisements of Charles Schwab & Co. in which animated, yet somewhat realistic, images of people gripe about trying to get through to other brokers, but take heart at the thought of reaching Chuck Schwab, the man, through one of his people. But furthering that notion in a brand-new series of straightforward advertisements has left some investors scratching their heads, asking, 'What happened to Chuck?'

Invesco Files to Offer Mortgage Securities Real Estate Trust

Invesco, the global investment management firm with its U.S. headquarters in Atlanta, is continuing its efforts to evolve into a bigger global power brand with both diverse and expansive investment offerings. Parent company Invesco Ltd. is headquartered in London. On June 13, the firm registered with the Securities and Exchange Commission to offer a public real estate investment trust (REIT) to be called Invesco Agency Securities and invest in agency mortgage-backed securities, which are mortgage-backed securities for which a U.S. government agency guarantees both principal and interest payments. Such agencies include the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac).

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