Mutual Funds

Updated Monday, May 20, 2013 as of 6:39 PM ET

Portfolio - Mutual Funds

Goldman Joins Bulge Brackets Offering Retail Alt Funds

To bring alternative investments to a wider investor base,�Goldman Sachs Asset Management(GSAM) has launched the�Goldman Sachs Multi-Manager Alternatives Fund�(GMAMX, GMCMX, GSMMX, GIMMX, GRMMX), which offers exposure to a range of alternative and non-traditional investment strategies within the structure of a mutual fund.

The fund expects to invest in a wide range of strategies, including equity long-short, dynamic equity, event-driven and credit, relative value, tactical-trading, and opportunistic fixed income strategies.

MME�reported last month that the firm disclosed in a filing that the fund will employ�Ares Capital Management,�Brigade Capital Management,�GAM International Management Limited,�Karsch Capital Management�and�Lateef Investment Management�as sub-advisors.

Annual fund operating expenses run the gamut of 215 basis points for Institutional shares to 330 bps for Class C shares, according to the filing.

Earlier this week,�MME�reported that�Morgan Stanley�announced that its Alternative Investment Partners (AIP) group had rolled out the�AIP Dynamic Alternative Strategies Fund, its first mutual fund.

Co-portfolio managers for Goldman Sachs fund,�Jason Gottlieb�and�Ryan Roderick, sit within GSAM�s Alternative Investments & Manager Selection (AIMS) group. AIMS manages over $120 billion of client assets for sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations and family offices.

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Morningstar: Mutual Fund Inflows Moderate

While April inflows for long-term mutual funds stood at a healthy $37.8 billion, they continued to moderate from levels seen earlier this year, according to Morningstar. more »

Mutual Fund Inflows Continue to Surge

Stock and bond funds, including exchange traded funds, maintained a strong pace of net inflows in April, according to fund industry researcher Strategic Insight (SI). more »

Fidelity Launches Target Volatility Portfolio

Fidelity Investments has rolled out a target volatility strategy, the Fidelity VIP Target Volatility Portfolio. The portfolio seeks to manage total return volatility within a target range. more »

Mutual Fund Asset Growth: IBDs, RIAs Outpace Wirehouses

Independent broker-dealers and RIAs have the edge over wirehouses when it comes to adding mutual fund assets under management, according to Access Data and Strategic Insight. more »

Muni Bond Funds Have 9th Straight Week of Outflows

Tax season has come and gone, yet the run of outflows from municipal bond mutual funds dragged into its ninth straight week, at $391 million. more »

Vanguard Cuts Fees on Funds

Vanguard said Monday that it cut the expense ratios on several of its bond mutual funds and ETFs in April. These include three of its popular bond ETFs: the Long-Term Bond Index Fund (BLV), the Intermediate-Term Bond Index Fund (BIV) and the Short Term Bond Index Fund (BSV). Each fund saw its price tag change from 11 bps to 10 bps. more »

Mutual Fund Boutiques Find Success, Challenges

The boutique purveyors of the mutual fund world have different branding and distribution challenges than their larger asset management counterparts. more »

Mutual Funds Gain $3.66B

Total estimated inflows to long-term mutual funds were $3.66 billion for the week ended Wednesday, April 17, according to the Investment Company Institute. more »

Mutual Fund Inflows Swoon to New Low

During the week ended April 17, investors steered a paltry $3.66 billion into the funds, making it their most dismal week this year. more »

Janus First-Quarter Profit Rises

Janus Capital Group Inc., owner of the Janus, Intech and Perkins funds, said first-quarter earnings rose 24% as stock market gains helped boost assets. more »

Bond Funds Boost Mutual Fund Assets

U.S. mutual funds and exchange-traded funds, excluding money-market funds, pulled $6.5 billion in net inflows in the week ended April 17, according to Lipper. more »

Mutual Funds Gain $4.8 Billion

Total estimated inflows to long-term mutual funds were $4.83 billion for the week ended Wednesday, April 10, according to the Investment Company Institute. more »

BMO Readies Target-Date Funds

BMO Asset Management U.S. is furthering its reach into the retirement market. more »

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