Portfolio

The fund business looks like it’s back.

In investing as in love, jumping from partner to partner will eventually lead to misery, more risk and lower returns.

The 29th Annual National Investment Company Service Association Conference & Expo opens Monday, with NICSA president Theresa Hammacher launching two assessments of the state of the fund industry.

ProShares has launched the ProShares UltraShort TIPS exchange-traded fund, which seeks to deliver -2x the daily return of the Barclays U.S. Treasury Inflation Protected Securities Index.

Genworth Financial Wealth Management has added alternative investment specialist Altegris Advisors to its investment platform.

MassMutual’s retirement services division is launching an interactive seminar series for participants on Feb. 23 called RetireSmart. The first session, on “Understanding What’s Driving the Economy,” will be presented by the firm’s Chief Economist Jerry Webman.

The company plans to increase payout for advisors with more than $50 million in assets under management.

Standard & Poor’s has launched a new balanced series of indexes that combine equities and fixed income and that range from conservative to growth.

For a mutual fund with a strong track record, Nicholas Equity Income Fund is not particularly large. And its manager is fine with that.

Tax-exempt money market funds recouped most of last week’s losses, adding $2 billion and finishing with $326.39 billion in total net assets for the week ended Feb. 7, according to the Money Fund Report, a service of iMoneyNet.com.