March 5, 2012
The coming year is shaping up to be a fresh start for alternative mutual fund shop Pyxis Capital.
To Securities and Exchange Commission chairman Mary L. Schapiro's mind, the current state of the money market fund business is "living on borrowed time."
With ears to the ground in more than 30 countries, Franklin Templeton's fund managers are ready to buck plenty of fixed income investing trends in 2012. Most notably, they plan to embrace active management of their funds, as well as global volatility.
Larry Fink, chief executive of BlackRock, wants the asset management industry and government to take the lead in propping up investors' morale in a flagging market.
The chief economist of The Dreyfus Corporation said Wednesday that world growth will slow down again in 2012, based on International Monetary Fund calculation methods.
Change is inevitable and, for the most part, good.
Mutual of Omaha has named Seth Friedman to serve as 401(k) national sales director. He takes over for Michael Ziccardi, who left the firm in December to join Rekon Intelligence, which works with advisors to help them build out their businesses.