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May 31, 2010

 Past Issues

Mutual Funds

Week In Review

ICI: Senate Bill Still Needs Work, New IRS Rules Expand 401(k) Brokerage Window, FINRA Fines Piper $700K For E-Mail Storage Failure, Bill Miller Gets Co-Pilot on Legg Mason Value Trust, and Wealthy Investors More Pessimistic than Economists.

As Fundamentals Shift, Rankings Can Change

The volatility in the S&P 500 Index over the past few weeks serves as a reminder of the importance of reviewing portfolio holdings on a regular basis because, as we have just seen, the fundamentals are fluid. Closely monitoring equity holdings is key to ensuring a portfolio continues to meet an investor's goals and tolerance for risk. Likewise, mutual funds, too, warrant ongoing analysis to see if their favorable characteristics are still intact following periods of volatility and in the face of shifting market conditions.

Money Management Executive's 2010 Operations Awards Presented at NICSA GMM at the Boston Harvard Club

BOSTON -- Money Management Executive Publisher Michael Stanton presented the 2010 Fund Operations Awards on May 20 at NICSA's General Membership Meeting at the Downtown Harvard Club here.

Regulation & Compliance

Bulked-Up SEC to Take On Asset Managers

BOSTON -- The Securities and Exchange Commission is about to get a lot bigger and tougher, once Congress approves significant funding increases in its financial reform legislation. The soon-to-be-bulked-up agency is also planning to restructure its resources to place heavy emphasis on inspections, examinations and prosecuting high-profile cases. "The SEC wants to bring groundbreaking, publicity-generating cases in order to shore up the deterrent value that enforcement cases provide," said Lori Richards, principal, PricewaterhouseCoopers LLP, during NICSA's General Membership Meeting here.

Sales & Marketing

Crisis Aftershocks Compel Recalibrations at Advisors

BOSTON -- Boom and busts in the financial markets are nothing new. However, the landscape emerging in the aftermath of the crisis of 2008 is far different from anything asset management executives have seen before. Be nimble, be quick and be ready to answer to discerning investors-institutional and retail. "There have been four standard deviation events in the past 10 years, not least of which was the $15 trillion that was wiped out [in the Great Recession] and the $2 trillion deficit facing pension funds. Nevertheless, you've been there before," said Neeraj Sahai, Citi's Global Head of Securities and Fund Services, at NICSA's General Membership Meeting here on May 20.

Executive Moves

Executive Moves

NICSA Taps Woodall As New Chairman, Bessemer Hires Rossmiller To Head Fixed Income, Wells Fargo Hires for Institutional Banking Group