Portfolio

Securities and Exchange Commission member Daniel Gallagher said Thursday the stable net asset value of shares in money funds is again under review.

Sure, it slows down decisions. Sure, it's difficult to do.

Rising interest in hedge fund-like mutual funds among advisors and investors have driven service providers and fund managers alike to adjust their businesses to account for legal and tax ramifications of serving and operating alternative mutual funds.

This week, two funds that are “on fire” and “peer shellacking” garner Gold ratings from Morningstar while another fund snags a bagel and a Negative rating for failing to deliver on its mandate.

An agreement reached in the Lehman Brothers liquidation proceedings could pave the way for customers of the failed brokerage to see 100% recovery without using any fund advances from the U.S. Securities Investor Protection Corp.

U.S. mutual fund investors spurred equity funds for the eighth consecutive week, withdrawing $2.4 billion from the funds for the week ended Oct. 4.

Abigail Johnson, the president of Fidelity Financial Services, the parent company of mutual fund giant Fidelity Investments, is on a roll.

In spite of all the worries about investor sentiment amidst a sluggish recovery, assets in mutual funds and ETFs both hit record highs in August, with $8.8 trillion and $1.2 trillion, respectively., according to Cerulli.

Total money market mutual fund assets dropped by $11.64 billion to $2.564 trillion for the week ended Wednesday, October 3, according to the Investment Company Institute.

The Long Short Interest Rate Strategy Fund is getting a new facelift.