Portfolio

Money market funds bled $114 billion in the first quarter, the biggest quarterly outflow since the second quarter of 2010, according to a report released by Morningstar.

Patrick Morris is a veteran hedge fund manager who has come in from the cold.

On April 16, 2012, Federated Investors, Inc. has completed its purchase of the London-based liquidity and fixed-income product manager Prime Rate Capital Management.

Patrick Morris is a veteran hedge fund manager who has come in from the cold.

Some firms grow organically, pumping out funds. Then, they hire reps and distributors to market and sell their offerings.

Minneapolis-based Whitebox Advisors, the $2.3 billion asset management firm founded by Andrew Redleaf, is making a concerted push into the Registered Investment Advisor channel with the help of third-party marketing firm Havener Capital Partners LLC.

Last year was a challenging year for mergers and acquisitions between financial services firms, according to PricewaterhouseCooper's latest M&A insights report.

On April 16, the Securities and Exchange Commission charged the former chief financial officer of optionsXpress and three other officials of the online options and futures brokerage of engaging in “an abusive naked short selling scheme’’ involving billions of dollars of sham trades.

Morningstar reported on April 13, 2012 that money market funds bled $114 billion in the first quarter, the biggest quarterly outflow since the second quarter of 2010.

MME reports on April 13, 2012: After a long, winding legal road, involving no fewer than six federal court decisions, Ameriprise Financial finally won a suit alleging that it had charged excessively high advisor fees.