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Los Angeles-based Causeway Capital Management LLC has replaced Pzena Investment Management, LLC as subadviser to the Harbor Global Value Fund, effective May 25.
May 25 -
Hartford Financial Services Group Inc. last September put the brakes on its effort to sell its mutual-fund unit to private equity shop Clayton Dubilier & Rice LLC after banks cut back on lending for leveraged buyouts.
May 25 -
On May 25, 2012, San Francisco-based RS Investments filed paperwork with the Securities and Exchange Commission to launch the RS Equity Income Fund.
May 25 -
On May 25, 2012, the Wall Street Journals reports that Executives from fund giants BlackRock Inc., Vanguard Group Inc., J.P. Morgan Chase& Co. and Invesco Ltd. earlier this month met with Securities and Exchange Commission Chairman Mary Schapiro to talk about money market reforms.
May 25 -
On may 25, 2012, MME learned that Hancock Funds CEO is stepping down in September.
May 25 -
On May 25, 2012, Leuthold revealed that it is shutting down its Hedged Equity Fund.
May 25 -
Equity funds? Not so much. Total estimated inflows to long-term mutual funds were $3.90 billion for the week ended Wednesday, May 16, according to data from the Investment Company Institute.
May 25 -
Total exchange-traded fund assets fell in April by $6.23 billion to $1.187 trillion, according to data from the Investment Company Institute.
May 25 -
A new breed of advisors and asset managers, dubbed ETF Investment Strategist, has emerged, according to research from iShares.
May 25 -
Vanguard is closing its High-Yield Corporate Fund to most new accounts, effectively immediately.
May 25