Portfolio

A new Portland, Ore.-based investment shop has bagged its first sub-advisory mandate courtesy of its affiliate.

Investors redeemed $11.53 billion from mutual funds for the week ended Wednesday, June 5, according to the Investment Company Institute.

Who are the top independent broker-dealers by net capital? Check out a countdown that examines total net capital and net excess capital, as well as where each firm stood on this year's FP50 list.

A week after investors pulled out of low-grade bond funds at record levels, ING’s chief investment officer Christine Hurtsellers said that the selloff is “overdone.”

Bloomfield Hills, Mich.-based Ave Maria Mutual Funds, which markets itself as “the largest family of Catholic mutual funds in the U.S.,” today announced that it now manages more than $1 billion in assets.

New York-based Loeb & King Capital Management has filed with the Securities and Exchange Commission to launch the Loeb & King Alternative Solutions Fund, a multi-strategy alternative offering.

Last year, 36% of all participants in 401(k) retirement plans at Vanguard invested their plan assets in a professionally managed investment option, more than doubled from 17% at the end of 2007, according to the Valley Forge, Penn.-based firm.

Buyer beware! The Financial Industry Regulatory Authority today issued an investor alert regarding the burgeoning alternative mutual fund asset class.

Despite challenges, wirehouses are still the most attractive distribution opportunity for product manufacturers, according to Boston-based global analytics firm Cerulli Associates.

First Allied Holdings, an independent broker-dealer, is set to be acquired by RCAP Holdings.