Portfolio

MFS Investment Management has filed paperwork with the SEC to launch a pair of mutual funds in September.

Boston-based Fred Alger Management is reopening the Alger Small Cap Growth (ALSAX) and Alger Small Cap Growth Institutional (ALSRX) to new investors starting Aug. 1, according to a filing.

There is a new sheriff in town for the mutual fund industry-and he may need to borrow money for bullets.

The Dow Jones Industrial Average stormed up 204 points Friday to close at 12,777.09 while the Nasdaq and S&P 500 rallied up 42.28 points and 22.02 points, respectively.

It may seem completely crazy to compare the use of social media with sexual harassment.

On a three to two vote, the Securities and Exchange Commission charged the nation's exchanges and the Financial Industry Regulatory Authority with developing and maintaining a consolidated and auditable trail of every order, cancellation, modification and executed trade on 13 national stock exchanges, 10 options markets and through more than 200 broker-dealers.

Perhaps it was only a matter of time before Morningstar decided to put its stamp of approval, and disapproval, on alternative mutual funds. And by all measures, it should.

On July 13, 2012, Oppenheimer & Co. disclosed Wednesday that it named one of its own to assume duties as New York’s institutional sales head.

On July 13, 2012, John Hancock Funds has named Andrew G. Arnott as president and chief executive officer, succeeding Keith F. Hartstein, who is retiring.

Franklin Resources has named Norm Boersma as chief investment officer of Templeton Global Equity Group, replacing Gary Motyl, who passed away last month, reports Morningstar.