Portfolio

BNY Mellon hires two more pros in its Tampa office, which has seen double-digit growth since it opened in 2008.

Linscomb & Williams, which has $2.7 billion in assets under management, hired Abigail C. Gunderson, Ryan L. Patterson and Lauren J. Bain.

On May 29, 2012, Leawood, Kansas-based Palmer Square Capital Management LLC, launched its second alternative mutual fund, dubbed the Palmer Square SSI Alternative Income Fund.

Minneapolis-based Leuthold Weeden Capital Management’s Board of Directors of the Leuthold Hedged Equity Fund has decided to liquidate the underperforming fund.

Keith Hartstein, president and CEO of John Hancock Funds, will be retiring in September 2012 after 22 years at the firm.

Executives from BlackRock, Vanguard, JPMorgan Chase, and Invesco met with SEC Chairman Mary Schapiro to talk about money market reforms.

San Francisco-based RS Investments has filed paperwork with the Securities and Exchange Commission to launch the RS Equity Income Fund.

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The Dow Jones Industrial Average lost another 74.92 points Friday to close at 12,454.83, closing out the week ahead of the three-day holiday.

On May 25, 2012, Virtus replaced Harris investment for Newfleet Asset as subadvisor for the Short/Term Bond fund.