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Standard & Poor's Says Recession to End This Year

And the firm’s chief investment strategist projects GDP growth of 1.3% in 2010.

Russell Launches Frontier Market Fund

The collective investment fund will be run by multiple managers.

China’s Fund Industry Likely to Explode as it Opens to International Trading

Currently, China’s mutual fund industry is less than 3% the size of the U.S.

Hedge Fund Execs Brace for Crisis to Continue

The headaches have simply been passed along to governments as bailouts, they say.

ProFunds Launches Four Leveraged International ETFs

The funds are designed to provide twice the daily return of EAFE, emerging markets, China and Japan.

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Articles

Funds Must Reassess Back-Office Controls

Thanks to shady money managers like Bernie Madoff who ruined it for everyone, the lucrative and surreptitious heydays of hedge funds may be gone for good. Tenacious regulators and spurned investors alike are demanding more transparency of their investment holdings, and hedge fund and mutual fund companies alike will need to beef up their back offices to meet this new demand.

Industry Braces for New Age of Regulatory Oversight

NEW YORK - Most financial transactions are dependent upon trust, but the last two decades of deregulation have eroded that trust and created a global crisis of confidence, according to experts who met last week at a global forum in the heart of New York's financial district. 'Our existing financial system has failed spectacularly,' said Lord Adair Turner of Ecchinswell, chairman of the UK Financial Services Authority, at a Chatham House forum held at Chase Manhattan Plaza. 'We have been through 20 years of almost limitless deregulation. In hindsight, deregulation was the wrong thing to do.'

Equity Funds Declined 9.25% in First Quarter

Equity funds were clobbered in the first quarter of 2009, declining 9.25%, Lipper reported last week. Performance would have been even worse, were it not for a surprise rally in March. 'It was a deja vu experience from the meltdown of the previous quarter,' noted Tom Roseen, research manager for U.S. and Latin America at Lipper. 'While things were not quite as dour as November and December, we saw January and February posting the worst returns on record going back to 1933, with equity funds in January declining 7.57% and 8.97% in February.'

John Hancock's Hartstein Aims for Growth Ahead

While most mutual fund companies struggled in 2008, John Hancock Funds finished the year in solid standing, buoyed by a strong first half and careful strategic planning. President and CEO Keith Hartstein recently spoke with Money Management Executive's John Morgan about the key areas that drove Hancock's record $8.5 billion in sales, some regulations he would like to see changed and his outlook for the rest of 2009 and beyond.

Executives Cite Risks Of Risk Regulator

PALM DESERT, Calif. - The United States is determined to show the world it is leading global economic recovery efforts, even if that means creating what some in the industry view as risky new risk regulators. Congress has been scrambling for weeks to create a systemic risk regulator before President Barack Obama heads to London this week for the Group of Twenty Finance Ministers and Central Bank Governors, but many financial experts are wondering if the government is rushing too quickly to create new regulations and whether such regulations could have prevented the current financial crisis.

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