Hung Tran

The Hartford has promoted Brion Johnson to chief investment officer and president of Hartford Investment Management Company

Over the past year, nearly 70 mutual funds have snapped up pre-IPO shares of Facebook on private markets ahead of its IPO today, CNNMoney reports.

Requiring money market fund advisers to hold capital to support their money market funds would fundamentally change the nature of these funds, according to a new study by the Investment Company Institute released today.

A new social media research report from kasina places iShares, Vanguard, Putnam, Russell Investments, and OppenheimerFunds as the Top 5 social media leaders in asset management.

State Street Global Advisors has appointed Michael Spellman as regional sales director, global cash, reporting to Barry F.X. Smith, senior managing director and global head of SSgA’s cash business.

There are a growing number of advisor-focused "value-added programs" that fund firms are using to attract top producing and other advisors to sell their wares to investors.

Putnam Investments has recently named new additions to its external wholesaling team via hires and promotions.

David Perkins, founder of Hatteras Funds, has resumed the role of chief executive following the departure of Brian Jacobs in February. Jacobs is now self employed as a consultant.

The SPDR S&P 500 ETF suffered the largest net redemption of the group followed by iShares MSCI Emerging Markets Fund.

Boston-based MFS Investment Management set new record sales last quarter, according to its latest earnings report, issued by Canadian parent Sun Life Financial.

Fidelity Investments has launched a pair of global equity income funds: Fidelity Global Equity Income Fund -- available directly to investors -- and Fidelity Advisor Global Equity Income Fund -- available through financial advisors.

The Hartford is expanding its defined contribution platform with a trio of new managers and a slew of funds for retirement plan sponsors and participants.

Fifty-one percent of Gen Y investors agree that investment products are overly complex, more than the 40% average for the survey and older age groups.

Denver-based Janus Capital Group Inc. has made two senior-level hires to beef up its client relations team.

Two groups representing mutual fund independent directors and trustees are joining together to voice their concerns about the changes to money market funds currently being considered by the Securities and Exchange Commission.

St. Petersburg, Fla.-based Eagle Asset Management, Inc. announced that Kerry Anne Murphy has joined its institutional sales team.

Hedge fund-turned-mutual fund RiverPark Advisors LLC has launched the RiverPark/Gargoyle Hedged Value Fund, a conversion of the Gargoyle Hedged Value Fund L.P.

Los Angeles-based TCW has hired Jerry Cudzil as Head of U.S. Credit Trading, a new role within the firm.

Fidelity Investments yesterday reported its average 401(k) balance rose to $74,600 at the end of the first quarter

According to the firm, the funds were closed to protect the interests of existing investors. However, they will continue to accept additional investments from existing shareholders and direct rollovers from qualified retirement plans into new T. Rowe Price IRAs.