Portfolio

Cole Wilcox, chief executive officer and chief investment officer of Longboard Asset Management, has some lofty goals for the alternative mutual fund shop this year.

Legg Mason Inc., the money manager best known as home to stockpicker Bill Miller, is folding Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled.

The Internal Revenue Service plans to introduce a simplified way for small business owners and home-based employees to claim the home office tax deduction.

As the RIA industry grows and reshapes itself, advisors need to keep an eye on the shifting competitive landscape. In our annual RIA Leaders report, in addition to identifying the top 50 firms by AUM and by growth, Financial Planning ran the numbers to find 50 emerging fee-only RIA firms to watch.

DoubleLine Capital has unveiled its latest equity funds just a few weeks after hiring away two portfolio managers from TCW Group.

ING has quietly erased an alternative mutual fund from its portfolio.

Quant shop Analytic Investors has hired Paul Runge as a Director of Business Development to focus on institutional investors, with an emphasis on public pension plans.

Indie firm Global X Funds has launched yet another fund this week.

The TCW Group has appointed Meredith Jackson as General Counsel, effective January 15.

Almost one-third (32%) of the approximately 100 institutional investment managers surveyed think corporate earnings will grow in the first quarter of 2013, while the same percentage believe earnings will decline.