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Advent Software Acquires Goya

The Norwegian company offers fund distribution and management software for the EMEA region.

American Beacon Announces Global Real Estate Fund

The fund aims to deliver high total return through a combination of current income and capital appreciation by investing in a wide variety of securities.

ProShares Planning Seven Additional International Sector ETFs

The additions bring ProShares’ total ETF offerings to 99.

Ban on Upfront Fees Brings India Fund Sales to a Standstill

Advisers and brokers are uncomfortable asking investors to pay a separate upfront load and have virtually stopped selling mutual funds.

International Regulator to Request Detailed, High-Level Hedge Fund Data

The SEC and its U.K. counterpart are members of the International Organization of Securities Commissions.

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Articles

2010 Outlook Looks Hopeful, Barring Any Surprises

NEW YORK - U.S. and international regulators are widely credited with having saved the global economy from plummeting into a second Great Depression, and the fragile, recovering economy can expect to see continued support for much of 2010, experts say. This support could help stocks rebound anywhere from 2% to 12% this year, depending upon whom you ask, but markets can always defy expectations.

IFRS Puts Focus On Fair Value

As regulators work to converge U.S. Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRS), several key differences remain, most notably the different measurement attributes of financial liabilities, the timing and approaches to projects and the difference between fair value and amortized costs. Under GAAP, investment companies like mutual funds, private equity holders and venture capital organizations are exempted from certain consolidation requirements and are allowed to account for separate fund holdings at fair value. No such exemptions currently exist under IFRS, though fair value concerns are being featured prominently in convergence discussions, and the U.S. has been adapting its rules on fair value to increase its international appeal.

Fund Managers Bullish on Emerging Markets in 2010

Fund managers are betting that emerging markets will be the best place for growth in 2010, due to their lack of correlation to the rest of the world and its sluggish, forecasted recovery, but lower correlation does not mean greater safety. Energy, technology and health-care sectors will lead domestically, but unemployment will likely remain around 10% for at least another six months, forcing the Federal Reserve to keep interest rates low for as long as possible, experts say.

American Century Looks Abroad

American Century Investments is a brand-new player in the international wealth management business-and that novelty could be an ace up its sleeve, according to the company's top executive. "That's because the Kansas City, Mo.-based mutual fund firm is a fresh alternative for institutional investors who are "disenchanted with their current providers," said Jonathan Thomas, American Century's president and chief executive officer. "For the most part, we're nobody's current provider."

Private Funds Face Regulatory Face-Lift

While it may be too late for the Securities and Exchange Commission to pass any new regulations before the end of the year, financial experts anticipate major financial legislation and regulation to occur sometime in early 2010. The main issues facing money managers are Congressional proposals to require private funds to register with the SEC, a Supreme Court ruling on fund fees, a proposal to regulate money market funds and regulatory proposals or guidance on valuation.

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