Portfolio

On June 28, 2012, The $387 million, 4-Star Buffalo Science and Technology Fund (BUFTX) will be renamed the Buffalo Discovery Fund effective June 29.

As of March 31, U.S. retirement assets totaled $18.9 trillion, up 6.3% from $17.8 trillion in the previous quarter.

Hundreds of delinquent medium-sized RIAs must register with their respective states by today’s SEC deadline or face the prospect of being de-registered as early as Sept. 1.

New York-based American Independence Financial Services, LLC announced it will become principal portfolio manager for its Large Cap Value strategy, including the American Independence Stock Fund.

PIMCO is ramping up its alternative investment team with a trio of new hires from big-name hedge funds.

As the SEC toys with the possibility of imposing further regulations on money market funds, those close to the $2.6 trillion industry say the revisions are problematic, highly unnecessary, and could seriously undermine the successful operation and existence of the 40-year-old industry.

Trustmark Corp. in Jackson, Miss., announced Wednesday it is selling eight mutual funds with roughly $903 million of assets to Federated Investors of Pittsburgh and its subsidiaries.

PIMCO is ramping up its alternative investment team with a trio of new hires from big-name hedge funds.

As regulators and investors impose increasingly stringent transparency and reporting requirements, asset managers face new challenges in all aspects of data management.

On June 27, 2012, Federated Investors, Inc. has agreed to buy some $903 million in assets, including about $571 million in money market fund assets from Trustmark Investment Advisors, Inc., Trustmark National Bank and Performance Funds Trust.