Portfolio

Total money market mutual fund assets decreased by $15.49 billion to $2.622 trillion for the week ended Wednesday, March 21, according to the Investment Company Institute.

Well, Fidelity’s chief executive won’t personally meet the oracle of Omaha but a contingent of his senior executives will, Fortune reports .

Total money market mutual fund assets decreased by $15.49 billion to $2.622 trillion for the week ended Wednesday, March 21, according to the Investment Company Institute.

The founder of Veritable, the country’s third-largest RIA, says his firm’s new partnership with wealth management giant Affiliated Managers Group is part of a broader effort to build a business that can last for generations.

Mutual funds may have been an American innovation. But asset managers will now go to China, Brazil, India or wherever returns can be found, according to Alan Reid, founder Forward Fund Management, at the Investment Company Institute's Mutual Funds and Investment Management Conference.

Insurer and wealth manager The Hartford is trimming its focus to a few core business areas: property and casualty, group benefits and mutual funds.

The "race for quality has no finish line. So technically it's more like a death march," according to the inspirational poster that Tamara K. Salmon, senior associate counsel at the Investment Company Institute, was reading at the outset of a session Tuesday at its Mutual Funds and Investment Management Conference on the biggest operational risks fund firms face.

Peter Graham is the head of Product Development and Marketing at New York-based Mirae Asset Global Investments (USA), an arm of an Asian financial services firm that tries to provide investors in the United States with access to investments in emerging markets.

PHOENIX - The Securities and Exchange Commission's Office of Compliance Inspections is increasingly bringing along representatives of the Division of Enforcement into its examinations of brokers and advisers.

PHOENIX - Commissioner Elisse Walter told fund industry executives gathered here to re-engage with the Securities and Exchange Commission on a new round of reform of money market mutual funds - and end its "unconstructive disengagement'' on the subject