Portfolio

Citi has snagged a mandate from Forward Management to provide global custody services to support the Forward Funds, a family of traditional and alternative mutual funds with assets of $6 billion.

Confluence has promoted two its key executives - James “Skip” Smith and Frederick Winston - to the roles of chief operating officer and chief financial officer, respectively.

Genworth Financial Wealth Management introduced GPS Select Solutions, multi-strategic portfolios that serve a variety of specific investment goals.

Institutional investors will broaden their ETF applications in 2013, predicted BlackRock’s iShares group.

The acquisition increases Atlanta Capital’s AUM to $950 million

BlackRock the world’s biggest money manager, is accused in a lawsuit by two pension funds of reaping “grossly excessive” compensation from securities- lending returns associated with iShares.

According to the Miami firm, the funds are closing in oder to prevent inflows from new investors from diluting the proportionate interests of existing fund shareholders.

Goldman Sachs Group Inc. President Gary Cohn said that Europe still faces “fundamental problems” and that policy makers don’t appear to have a plan for generating economic growth in the region’s southern nations.

The Financial Industry Regulatory Authority's municipal market priority this year will be ensure that brokers adequately disclose risks associated with tax-exempt bonds backed by revenue from private and nonprofit entities, which have significantly higher default rates than general obligation bonds.

For Wells Fargo Advisors Financial Network, offering financial advisors more choice in terms of how they want to practice helped propel the business to a record year in recruiting in 2012.