Dec 20, 2013 – Ex-Morgan Stanley fund manager Joseph “Chip” Skowron, who’s serving a five-year prison term for insider trading, must pay back $31 million in compensation for failing to fulfill his duties to the bank, a judge ruled.
Dec 20, 2013 – Neil Woodford, the U.K. money manager whose departure sparked the biggest selloff in Invesco Ltd.’s shares in two years in October, will join Oakley Capital Management Ltd. to create a new asset-management business.
Dec 20, 2013 – Deutsche Bank AG is forfeiting 221 million euros ($302 million) to end a derivative contract with Banca Monte dei Paschi di Siena SpA as regulators in Germany and Italy probe the transaction.
Dec 19, 2013 – The U.S. financial system’s vulnerabilities include a sudden spike in interest rates amid greater risk-taking and high-frequency trading, the Treasury Department said.
Dec 19, 2013 – The Commodity Futures Trading Commission is investigating the high fees charged to investors in the $337 billion managed futures market.
Dec 19, 2013 – The index of U.S. leading indicators rose more than forecast in November, a sign the economic expansion will gain traction in the months to come.
Dec 18, 2013 – Asian growth matching the lowest since 2009 this year may receive a boost in 2014 as developed markets from the U.S. to Europe accelerate, according to Pacific Investment Management Co., the world’s largest manager of bond funds.
Dec 18, 2013 – Treasuries snapped the biggest advance in a month before the Federal Reserve announces a decision today on whether it will slow asset purchases from $85 billion a month at the end of a two-day policy meeting.
Dec 18, 2013 – If Vanguard Group founder John Bogle knew back in 1974 that Vanguard would become the juggernaut it is, would he have done things differently?
Dec 18, 2013 – Ontario Municipal Employees Retirement System named Michael Latimer chief executive officer of the sixth-largest pension manager in Canada, replacing Michael Nobrega who retires next year.
Dec 17, 2013 – Goldman Sachs Group Inc. is drawing record deposits into a bond mutual fund that’s making money even as interest rates rise, giving the bank a boost in one of the few Wall Street businesses it hasn’t dominated.
Dec 17, 2013 – Commodity investments are heading for record outflows driven by withdrawals from gold exchange- traded funds as some investors lost faith in the traditional store of value, according to Barclays Plc.
Dec 17, 2013 – The iShares MSCI Emerging Markets Index exchange-traded fund advanced for a second day as factory output data in the euro-area and the U.S. climbed. OAO Gazprom jumped the most in a month amid an increase in crude oil.
Dec 16, 2013 – If you took a look at the cover of Money Management Executive's Sept. 2 issue, you would see a story on Motif Investing, a do-it-yourself approach to portfolio construction based on social themes and causes that has people talking.
Dec 16, 2013 – While the landscape for low-cost fund options for do-it-yourselfers is expanding, John Bogle, founder and retired CEO of the Vanguard Group, believes DIY product offerings are too often inappropriate for long-term investors, who are at risk of being led astray.