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The Dow Jones Industrial Average trimmed 2.73 points to finish at 12,977.57 Friday while the Nasdaq and S&P 500 gave back 12.78 points and 4.46 points, respectively.
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Westwood Holdings Group, Inc. has rolled out the Westwood Short Duration High Yield Fund, which will bet on non-investment grade debt with expected maturities of three years or less.
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Three big-name mutual fund shops, including Fidelity Management & Research Company, State Street Corporation and Federated Investors, have a few choice words for the Securities & Exchange Commission about more money- market regulations.
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A co-founder of BlackRock said Friday that money market mutual funds would survive, if their asset values would allowed to float from their a stable $1 net asset value per share.
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It’s an advisor’s dream: Having customers as devoted and loyal as the adoring fans at a Lady Gaga concert. The customers would follow the advisor from bank to bank or even to a different channel in the same way that rock star groupies follow their favorite performers. Building that kind of loyalty, of course, isn’t easy. It takes time and perseverance. Rick Rummage, founder and CEO of the career-consulting firm The Rummage Group, has five tips for advisors who want to build a strong following among their customers. Here’s how they can achieve the advisor equivalent of rock star status.
March 2
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Many investors put off making final Individual Retirement Account contributions until the last minute. Now, Fidelity Investments has an app for that.
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Wells Fargo Funds Management, LLC, the investment advisor to Wells Fargo Advantage Funds, has rolled out a fund that will invest in a wide range of alternative investments.
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The chief economist of The Dreyfus Corporation said Wednesday that world growth will slow down again in 2012, based on International Monetary Fund calculation methods.
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Larry Fink, chief executive of BlackRock, wants the asset management industry and government to take the lead in propping up investors' morale in a flagging market.
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