Portfolio

The new hire, Joseph Zidle, guided investing strategy for almost $2 trillion in individual investor assets in his prior role.

The new product attempts to capture the potential for higher returns and offset market volatility in clients’ portfolios.

Lighthouse Partners, a fund-of-hedge-funds and managed account investment adviser has taken a minority stake in 361 Capital, a Denver-based provider of alternative investment mutual funds, separate accounts and limited partnerships to institutions, financial intermediaries and high-net-worth investors.

Investors regained some of their swagger Wednesday, pushing the Dow Jones Industrial Average up 78.18 points to 12,837.33 one day after recording its largest loss of the year.

Santa Fe, NM-based Thornburg Funds has promoted Rob McInerney, formerly a regional consultant, to the role of national sales manager, effective March 1. He will also assume the role of president of Thornburg Securities Corp., succeeding Jack Gardner in both positions.

Mutual funds started February with a roar but ended the month with a whimper.

361 Capital, a provider of alternative investment mutual funds, separate accounts, and limited partnerships to institutions, financial intermediaries, and high-net-worth investors, has entered into a strategic partnership with Lighthouse Partners, a fund-of-hedge-funds and managed account investment adviser.

The Investment Company Institute has promoted Kathleen Joaquin to the position of Chief Industry Operations Officer, replacing 25-year veteran Donald Boteler, who retired earlier in the month.

Securities and Exchange Commission chairman Mary L. Schapiro told a financial services subcommittee of the House of Representatives that the federal regulator intends to spend $100 million of its $1.6 billion requested budget for fiscal 2013 on information systems and another $50 million on modernizing the EDGAR stock information database and www.sec.gov, its public web site.

Huntington Asset Services, Inc. a wholly owned subsidiary of Huntington Bancshares Incorporated, has appointed Joseph Rezabek as president of the company. Rezabek hails from Citi Fund Services, where he was managing director and head of North American Fund Services.