Portfolio

On April 19, 2012, the financial research and consulting organization LIMRA has hired Alison Salka to serve as corporate vice president and director of its retirement research division.

On April 19, 2012, Capital markets tech provider Broadridge Financial Solutions, Inc. has launched a new corporate website by which mutual fund executives can shop for software systems and services.

On April 19, MMe learned that Neuberger is launching a multi-strat alternative fund within the next few weeks.

On April 19, 2012, U.S. treasurers say they will sharply reduce their use of money market funds if the Securities and Exchange Commission (SEC) adopts either a net asset value float, a redemption holdback or capital requirements on the industry, according to a report released by the Investment Company Institute.

But despite the inflows and booming equity markets during the first quarter, revenue declined $33 million, or 1 percent, to $2.2 billion.

The nascent actively managed exchange-traded fund space, currently populated by PIMCO, AdvisorShares and Guggenheim, will soon get a new entrant: Putnam.

Here is a step by step rundown on how the SEC says the ‘scheme’ executed by optionsXpress, involved ‘naked’ short selling, with failure to deliver the securities involved in the trades. Or ... it did not.

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

On April 18, Russell Investments added Tom Goodwin in the newly created role of senior research director for Russell Indexes.

The Dow Jones Industrial Average lost 82.79 points to close at 13,032.75 Wednesday while the Nasdaq and S&P 500 lopped off 11.37 points and 5.64 points, respectively.