Portfolio

Kenneth Burd has joined Delaware Investments as vice president, head of internal sales, responsible for managing the 15-member internal sales desk, which supports the firm's retail sales efforts. Burd started his position on March 5.

On March 1, Bill Gross, co-founder of the Pacific Investment Management Company, officially crossed the line and fired his opening salvo in the exchange-traded fund business.

The Dow Jones Industrial Average moved up 16.42 points to close at 13,194.10 Wednesday. The tech-heavy Nasdaq inched up 0.85 points to 3,040.73 while the S&P 500 lost 1.67 points to end at 1,394.28.

WisdomTree Investments, Inc. is visiting the NASDAQ MarketSite in Times Square on Thursday with Western Asset Management Company, a subsidiary of Legg Mason, to celebrate the launch of the WisdomTree Emerging Markets Corporate Bond Fund.

Fixed-income funds see the biggest cash inflow.

La Jolla, Calif.-based Altegris is looking to beef up its managed futures mutual fund, dubbed the Altegris Managed Futures Strategy Fund, a fund of funds, by adding two more managers to its stable.

Qualified accounts, such as 401(k)s and IRAs, retained 42.5% of the $37.6 billion that flowed into the accounts for a net asset inflow of $22.4 billion.

Investment manager Eaton Vance has named Laurie Hylton as chief financial officer and Daniel Cataldo as treasurer. They both replace Robert Whelan, who has left the company.

Nearly 54% of mutual funds taking part in a Bonaire Software Solutions study on distributor rebate payments said that tracking and reconciliation is their biggest challenge.

The actively managed fund will hold commodity, natural resources and REIT securities. It will diversify those with about a 10% allocation to gold, and a fixed-income piece.