Portfolio

RiverNorth Capital Management said its RiverNorth/DoubleLine Strategic Income Fund will be closed to new investors on March 30, but current investors and advisors can still purchase shares after that date.

RiverNorth Capital Management said its RiverNorth/DoubleLine Strategic Income Fund will be closed to new investors as of March 30.

Wade D. Pfau will oversee Retirement Management Analyst designation program as curriculum director.

FMR LLC, the parent of Boston-based Fidelity Investments, is looking to raise $250 million through a debt offering, according to a Securities and Exchange Commission filing. But how the company plans to use the capital is anybody’s guess at this point.

A Financial Industry Regulatory Authority arbitration panel ordered Memphis-based Morgan Keegan & Co. to pay a Birmingham investor $1.95 million for misrepresenting that the Jefferson County, Ala., sewer bonds he purchased were safe, liquid and tax-free investments.

The Dow Jones Industrial Average moved up 15.82 points to close at 12.965.69 Tuesday after briefly rallying past the 13,000-point level in early trading. The Nasdaq lost 3.21 points to finish at 2,948.57 while the S&P 500 inched up 0.98 points to end at 1,362.21.

A sports agent, whose company represents star clients including Denver quarterback Tim Tebow, won $400,000 in a ruling against brokerage Morgan Keegan & Co., due to personal losses from bad bond investments.

Richard F. Aster, Jr., president of Aster Investment Management Company, Inc. and portfolio manager of Meridian Fund, Inc., passed away on Thursday, February 16, 2012.

FMR LLC, the parent of Boston-based Fidelity, is looking to raise $250 million through a debt offering, according to a Securities and Exchange Commission filing. But how the company plans to use the capital is anybody’s guess at this point.

U.S. Bancorp Fund Services has launched its first multiple series trust focused on exchange-traded funds in a partnership with Exchange Traded Concepts, an advisor that helps money managers launch their own private label ETF-products.