Portfolio

imensional Fund Advisors has appointed Steve Clark, formerly head of portfolio management, as head of the North American Institutional group. He replaces Dave Schneider, who is retiring.

An analysis by Spectrem Group found that 41% of wealthy investors surveyed said they relied primarily on their own research and analysis, while another 40% said they relied primarily on a trusted financial advisor.

Associated Banc-Corp announced yesterday that it hired Tim Henke as an associate financial consultant at its wholly owned broker-dealer Associated Investment Services.

It's official: BlackRock, Inc. today says it has completed its acquisition of the Toronto-based Claymore Investments, Inc.

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.